Hong Kong's High Interest Rates May Persist Due to Uncertainty of Fed Rate Cuts

The Hong Kong Monetary Authority said high interest rates may remain for some time as it is uncertain when the US Federal Reserve will cut its interest rates, according to a Thursday press release by

MT NewswiresJun 13 23:00 ET

South Korea Says 'No Going Back' Once FX Trade Reform Begins

A senior South Korean official underscored the nation’s determination to ensure that its extension of trading hours for the onshore won will be permanent as it pushes for its biggest market reforms in decades in a bid to join a global government bond index.

BNN BloombergJun 13 03:01 ET

Chung Yuan Mortgage: The interest rate reduction cycle in Hong Kong may start from the end of this year to the first quarter of next year.

Wang Meifeng said that the interest rate reduction cycle in Hong Kong has the opportunity to start from the end of this year to the first quarter of next year, and then the interest rate in Hong Kong may fall to 4% or below.

Zhitong FinanceJun 13 02:01 ET

South Korea's GDP Grows 1.3% in Q1 in Line With Bank of Korea's Advance Estimate

South Korea's economy expanded 1.3% in the first quarter of 2024 from the year-ago period, consistent with the advance estimate, data from the Bank of Korea indicated Wednesday.

MT NewswiresJun 4 22:03 ET

South Korea's Official Foreign Reserves Decline in May

South Korea's foreign exchange reserves fell to $412.8 billion as of end-May from $413.3 billion as of April 30, the Bank of Korea said Wednesday.

MT NewswiresJun 4 21:53 ET

Hong Kong's Business Activity Contracts in May

Business activity in Hong Kong contracted once more in May after improving in March and April due to a fall in new orders and export conditions, according to data from S&P Global released Wednesday.

MT NewswiresJun 4 21:30 ET