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China has implemented its most significant reduction in the benchmark mortgage rate in history, in an effort to rejuvenate the struggling property market and stimulate economic growth. The 25-basis point cut to the five-year loan prime rate (LPR) marks a substantial intervention by authorities, signalling a decisive move to address the challenges faced by the real estate sector.
China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sought to prop up the struggling property market and broader economy. The 25-basis... -February 19, 2024 at 11:15 pm EST - MarketScreener
Asian equities rose on Thursday, powered by chip stocks, with the Nikkei breaching a new 34-year peak, while the dollar took a breather near a three-month high as markets assess when the Federal...
Japan’s Nikkei hits 34-year high, greenback steadies around three-month peak
SINGAPORE--Asian equities rose on Thursday, powered by chip stocks, with the Nikkei breaching a new 34-year peak, while the dollar took a breather near a three-month high as markets assess when the Federal Reserve is likely to start its easing cycle.