Reported about 20 hours ago
Standard Chartered forecasts a 50 basis points cut in U.S. interest rates this week, driven by weak employment and consumption data, which is expected to boost investor confidence in Hong Kong and other markets. The reduction, marking the first rate cut of the year, aims to stimulate the economy and could result in further rate cuts next year. The Hong Kong financial sector has seen substantial growth, reflecting strong market activity and a surge in initial public offerings.
Source: YAHOO