Hong Kong surges ahead of Singapore, reclaims title as Asia’s financial leader

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HONG KONG, Sept 25 — For the first time in two years, Hong Kong has reclaimed its position as Asia’s leading financial h...

Additionally, the US Federal Reserve cut its key interest rate by half a percentage point last Thursday, signalling the beginning of a monetary easing cycle, while Hong Kong’s commercial banks reduced their prime and deposit rates by a quarter-point.

Hong Kong increased its score by eight points to 749, while Singapore followed closely, gaining five points to reach 743.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongSingapore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 15:10:01 (4 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 22780371

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Main Topics: EconomyBusiness

Official Website: malaymail.com

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Year Established: 1896

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News Last Updated: 3 hours ago

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Publisher ID: #106

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