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.
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.
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
The Hong Kong stock market on Friday wrote a finish to the two-day slide in which it had slumped more than 400 points or 2 percent.
Stocks surrendered early gains and closed lower after the White House said President Trump would impose promised tariffs on some key U.S. trading partners
Reactions to the Chinese app's sudden global fame have varied among market participants, U.S. officials and tech companies, and more news and developments surrounding DeepSeek are sure to follow. Like many of our readers, I'm also eager to learn more about this relatively unknown company, and Nikkei Asia is working to cover as much as possible.
A raft of U.S. economic data will provide plenty for investors to watch out for in the coming week, including ISM data on manufacturing and services as well as closely-watched nonfarm payrolls figures for January.