Saturday,  January 22,  2022

Developers get some breathing room after Beijing cuts key rates
China lowered mortgage lending benchmark rates yesterday as monetary authorities step up efforts to prop up the slowing economy, after data earlier in the week pointed to a darkening outlook for the country's troubled property sector. The cut to the one-year and five-year loan prime rates followed...
Tech and property power Hang Seng Index surge
The Hang Seng Index soared 3.4 percent or more than 800 points, driven by the rebound of Chinese tech stocks, while Beijing cut the loan prime rate, prompting a surge of mainland developers and financials. It marked the largest intraday jump for the benchmark since July...





















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