The Hong Kong Monetary Authority left its base rate unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady. Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a tight range of 7.
The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75% on Thursday, aligning with the U.S. Federal Reserves decision to hold rates steady. Hong Kongs monetary policy follows U.S. interest rate moves
HSBC and other major banks will only announce their interest-rate decisions on Monday, the first working day of the Lunar New Year.
Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded.
Owners registered 47,917 mortgages on various properties in 2024, the least since Centaline Property began tracking the data in 2000.
Chinese risk-free rates are at 20 year lows. This coupled with new policy moves may buoy the Hong Kong and Chinese markets.
Home prices fell 7.1 percent in 2024, official figures showed on Friday. It was the third year in a row of declining prices, which have dropped 27
Massachusetts Senator Peter Durant wants the state to establish a strategic Bitcoin reserve amid global clamor for the coin.
HONG KONG, Jan 28, 2025 (BSS/AFP) - Japanese tech firms sank Tuesday after a sell-off in US titans following news of China's DeepSeek chatbot, while the dollar rallied on a report saying Washington was considering universal tariffs on a range of goods.
Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded. Most
Asia-Pacific markets rose on Thursday despite a sharp decline on Wall Street the previous day as investors reassessed the Fed's policy outlook after its widely expected decision to hold rates steady and acknowledged that inflation remains "somewhat elevated.
ASX 200 hits a record high on rate cut speculation, while US stocks retreat after Powell dims rate cut hopes. Nikkei edges up amid AI export concerns.