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US President Trump: Americans are paying higher gasoline prices, but its a "very cheap price" relative to what the US has achieved.On September 17, the Hong Kong Monetary Authority (HKMA) announced a 25 basis point increase in its benchmark interest rate to 4.25%. This is the first adjustment to the benchmark interest rate by the HKMA since 2023, ending a period of interest rate stability. This rate hike is a direct response to the Federal Reserves policy change on the same day. The HKMA stated explicitly that following the Feds policy is to maintain the Hong Kong dollars peg to the US dollar. Under this system, the Hong Kong dollar is pegged to the US dollar, and Hong Kongs monetary policy must be linked to the US to ensure exchange rate stability. Despite the increase in the benchmark interest rate, the market remains cautious about the actual changes in local credit costs in Hong Kong. As is customary, major Hong Kong banks typically announce their own interest rate adjustment plans later that day after the HKMAs adjustment, with changes to the prime lending rate being particularly crucial.Multiple explosions were heard in Kyiv, Ukraine, in the early hours of September 17 local time.US President Trump: (Regarding Iran) I predict the war will end soon, and the government has transformed the United States from a “dark age” to a “golden age.”September 17th - US President Trump: "That war? That war will be over soon. Just watch. You just watch. Trump is right about everything. You just watch. They are being destroyed. They (Iran) very much want a deal. They call and say, We want a deal!"

Indices Forecast 2023 – Hang Seng Set For A Strong Rebound

Skylar Shaw

Jan 03, 2023 15:47

Chinese equities began to rebound in the last two months of the year following a significant decline brought on by the country's economic slump.


After implementing a tight zero-COVID policy for many years, China has begun to reopen. Although the sudden change in the prior policy has already resulted in records-breaking illnesses, things will probably settle down in the first few months of this year. In this case, the Chinese economy would expand rapidly, which will be positive for Chinese equities.


The primary dangers for Chinese equities in 2023 are still regulatory activities and escalating relations with the United States. Regulations are probably going to be less rigorous this year since China's government is focused on promoting development after the coronavirus outbreak, which should strengthen the Hang Seng index even further.