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Pedestrians pass a property agency in Ap Lei Chau on October 15. Hong Kong’s property sector is bracing for another four years of uncertainty after Donald Trump’s victory in the US presidential election. Photo: Eugene Lee
Hong Kong housing

The View | Can Hong Kong’s property market weather the Trump shock?

Hong Kong’s real estate industry cannot seem to catch a break, though the outlook is not all doom and gloom if you know where to look.

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US-China relations

Speculation over Trump’s US treasury pick reveals divergent views in transition

United States

Macroscope | Trumponomics 2.0 is fraught with danger

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China’s economic stimulus

Open Questions | Economist Huang Yiping on Trump trade war 2.0 and China’s stimulus ‘U-turn’

Huang Yiping of Peking University talks the re-election of Donald Trump and why China needs its own Marshall Plan.

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Illustration: Lau Ka-kuen
Hong Kong economy

Another 17 firms to set up offices in Hong Kong under push to develop I&T sector

Financial Secretary Paul Chan also says city will need to be fully prepared for effects on global economy brought about by US presidential election.

Hong Kong property

Hong Kong home prices to bottom out in short term after rate cut: analysts

Unexpected prime-rate cut by local lenders seen bringing more buyers into market, shoring up prices.

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Banking & finance

Fed rate cut gives China room to move as Beijing eyes more economic stimulus

US Federal Reserve lowered its benchmark rate less than a day before China is expected to release its latest economic stimulus plan.

US Federal Reserve Board chairman Jerome Powell. Photo: Xinhua
Banking & finance

Hong Kong’s base interest rate drops to 5% in second cut

Together with the half-percentage-point cut in September, Hong Kong’s key rate has now fallen back to February 2023’s level.

US presidential election 2024

Opinion | Trump’s return as president marks the end of American exceptionalism

Trump’s second term will mark a turn in US foreign policy towards a transactional approach and hasten the start of a multipolar world order.

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Central banks

US Federal Reserve eases rates with quarter-point cut

Fed chairman Jerome Powell is expected to be questioned on Thursday about economic impact of Trump’s US election victory.

A screen on the floor of the New York Stock Exchange shows the Federal Reserve rate decision on Thursday. Photo: AP
US presidential election 2024

Wall Street stocks, bitcoin, US dollar soar following Trump win

However, concerns about inflation and higher interest rates emerged, leading to a decline in Treasury bond prices and European stock markets.

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A monitor shows a CNBC broadcast at the New York Stock Exchange after Republican Donald Trump won the US presidential election. Photo: Reuters
China economy

Editorial | Industrial profits slide highlights China’s need for balanced economy

Amid mixed signals on the health of the economy, President Xi Jinping calls on top officials to keep China on track to meet annual growth target of about 5 per cent.

US presidential election 2024

Opinion | Why Trump tariffs 2.0 may well result in a G2 world

Trump’s proposed tariffs on US imports would drive inflation and squeeze middle powers, but is that all part of the plan?

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India

Gold’s shine fades in India as US election, high prices dampen Diwali demand

While gold is often seen as a safe haven, traders are hesitant to purchase due to the potential for price fluctuations after the US election.

A salesman helps a customer select gold bangles at a jewellery showroom in Mumbai. Gold prices near record highs, driven by US election uncertainty, are dampening India’s peak festival gold buying season, with sales down 10-20 per cent. Photo: Reuters
Hong Kong property

Hong Kong property: Chinachem’s Cheung Sha Wan project sells out

The developer found buyers for all 198 units in the project, agents said.

Property agents and buyers gather at Chinachem’s sales office for a chance to buy flats in Echo House on Sunday. Photo: Elson Li
HKEX

HKEX’s third-quarter profit rises 7% on IPOs, turnover

Funds raised from IPOs in the June to September quarter reached HK$42.2 billion, six times higher than a year earlier.

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Banking & finance

Asia hedge funds outperform global peers on September rally

September gains near 5 per cent pushed Asia fund returns to 9.7 per cent for the first nine months, above the global average.

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Hong Kong property

Chinachem to sell Hong Kong flats at 2016 levels as recovery proves elusive

Developers still need to offer discounts as market purchasing power is still not sufficient, according to Martin Wong at Knight Frank.

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Potential buyers look at a model residential project by Henderson Land in a showroom in Tsim Sha Tsui in June 2024. May Tse
Stocks

Macroscope | Why investors should be fearful when China bulls are greedy

While there are reasons for optimism with the news coming out of the Fed and Beijing, the case for caution is much stronger.

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Hong Kong property

Hong Kong developers plan nearly 18,000 new flats amid rate cuts

The government has approved presale consent for several projects, with developers eager to offload unsold inventory.

Banking & finance

Citigroup boosts Hong Kong team to support Chinese firms’ global ambitions

Wall Street bank strengthens advisory services team as it targets mid-sized companies with specialised banking services.

Citigroup’s commercial banking arm is hiring strategically in Hong Kong under a newly introduced team structure. Photo: Jelly Tse
Yuan

China’s yuan faces volatility amid US pressure and home-grown stimulus: analysts

A stronger yuan could drag down China’s export growth, and the central bank is expected to guard against excessive appreciation.

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Strong US jobs data released last week could affect the exchange rate between the US dollar and Chinese yuan, according to some analysts. Photo: Shutterstock
Interest rates

HSBC sees 6 US rate cuts until June in boon for Hong Kong’s economy

Lower rates will benefit the city’s economic recovery, but there has been no immediate increase in demand for loans, HSBC Hong Kong CEO Luanne Lim says.

Hong Kong property

Hong Kong developer Lai Sun’s property project lapped up by buyers

Buyers flock to Lai Sun’s The Parkland in Yuen Long, snapping up nearly all units amid rate cuts and stock market gains, boosting market confidence.

Hong Kong property

Homebuyers flock to Sun Hung Kai’s Cullinan Sky project in Kai Tak amid rate cut

As of 7pm, homebuyers snapped up 204 flats out of the 300 units on offer at Cullinan Sky Phase 1.

Homebuyers pack Sun Hung Kai Properties’ sales office for Cullinan Sky Phase 1 at the ICC in West Kowloon. Photo: Jonathan Wong
Middle East

Opinion | How a wider Middle East war could bring a world recession

Volatile oil prices, shaky investor confidence and prospects of interest rate increases threaten a global slowdown if Israel’s war expands.

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Illustration: Craig Stephens
China's economic recovery

Foreign inflows may persist as China’s policy easing gives assets facelift

Analysts expect inflows into Chinese assets to persist as Beijing continues to implement easing measures.

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India

India’s stock market set for surge with high-profile IPOs ahead of Diwali

India’s stock market is set for a surge in IPOs, thanks to the US Fed’s rate cut and during the festival season, with new listings expected to raise US$5 billion.

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US Federal Reserve
Founded in 1913, the Federal Reserve is the central banking system for the United States.
last updated:
9 September, 2024
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