Asia-Pacific Markets Set to Open Lower After Trump's Attack on Fed Chair Sends Wall Street Tumbling

CNBCApr 22 08:02

Banks have increased interest rates on consumer loans in advance, with more low-interest products hidden in the "discount track."

Indirect remarks highlight the "cost performance" even more.

wallstreetcnApr 21 20:49

The US dollar plummets, Emerging Markets make a strong comeback: the Thai baht and Jilin soar, and the Indian stock market rises for five consecutive days!

After experiencing the largest weekly gain in six weeks last week, the Emerging Markets MMF Index continued to rise this Monday, with the Thai baht and Malaysian ringgit performing strongly, both up by 1% in a single day. Over the past month, the Thai baht has appreciated 3.2% against the US dollar, showing significant upward momentum. The India Nifty 50 Index's five-day gain (5.99%) has reached its highest record since February 2021.

wallstreetcnApr 21 20:49

Exclusive | Banks that stabilize foreign trade and foreign investment are taking action, with banks in coastal provinces responding to requests: for foreign trade enterprises, "no loan withdrawal, no loan interruption".

① Many Banks have actively taken action regarding "stabilizing foreign investment and foreign trade." From large state-owned banks to local urban commercial banks, several Banks are providing support to foreign trade enterprises in various ways based on their own advantages; ② Recently, banks in major foreign trade provinces along the Southeast Coast have received relevant requests to "not withdraw loans and continue lending" to local foreign trade enterprises.

cls.cnApr 21 17:30

The central bank and four other departments: Enhance the functions of the Cross-border Interbank Payment System (CIPS) and its Global network coverage.

① The plan proposes to enhance the functionality of the RMB cross-border payment system and its global network coverage, encouraging more Banks to join CIPS and continuously expand the coverage of the CIPS network. ② The plan also suggests optimizing the management model and business processes for Forex business, improving the Conglomerates' Global fund management system, expanding the functionality and application scenarios of free trade Accounts, and promoting Financial Institutions to enhance their digital service levels.

cls.cnApr 21 15:20

Will it rise or not?

Caitong believes that whether or not the LPR is lowered, it may not necessarily drive interest rates to immediately break their previous lows. After all, the market has to navigate the trade-offs between the Sino-U.S. trade friction, the strength of a package of incremental policies, and the choice of monetary policy, with the combination of the three being dynamic and full of uncertainty.

wallstreetcnApr 21 08:31