Express News | The Hong Kong Monetary Authority has cut the benchmark interest rate by 50 basis points to 5.25%, following the Federal Reserve's announcement of a 50 basis point rate cut earlier this morning.
The Federal Reserve's interest rate cut has boosted the three major stock indexes in Hong Kong, with the technology index surging more than 3%.
1. What is the impact of the Fed's interest rate cut on the Hong Kong stock market? 2. How will pharmaceutical stocks perform after the interest rate cut? 3. How are southbound funds performing today?
Paul Chan: The start of the interest rate cut cycle is expected to bring cautious positive effects to the Hong Kong economy.
Chan Mo-po stated on social media that the rate cut in the usa this time is in line with market expectations. It is widely expected that interest rates will continue to be adjusted downward this year.
The Federal Reserve cuts interest rates by 50 basis points and the renminbi reaches a new high in over a year.
The Federal Reserve officially implemented a 50 basis point interest rate cut, and the US dollar plummeted overnight to new lows. After rebounding on Thursday Beijing time, it then fell from its high. Meanwhile, the Renminbi continues to appreciate, increasing its attractiveness as an asset.
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