25 June, 2017
Also, Hong Kong is a city that holds the dubious/prestigious distinction as the most expensive place on earth to buy property per square foot.
Hong Kong shares were little changed on Wednesday, lagging a record run in Wall Street, as investors waited for more clues from the Federal Reserve on future United States policy after an expected interest rate rise later in the day. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.
The U.S. central bank on Wednesday concluded its two-day policy review with a 25-basis-point rate increase and a reiteration of its plans to raise rates once more in 2017.
That's far from the going rate for a patch of asphalt. He warned that a "downward property cycle" may coincide with an upward cycle in mortgage rates, and said investors should remain vigilant.
SHANGHAI, June 15 Hong Kong stocks fell to a three-week low on Thursday as borrowing costs in the city looked set to rise after a USA rate hike overnight, while shares in China slid on persistent fears that economic growth will soon start to cool. Racine, Wisconsin. You can probably park there for free.
Hong Kong's dollar weakened 0.03 percent to HKD7.8001 per dollar as of 1:38 p.m. local time, breaching the midpoint of a trading band monitored by the HKMA. The Hang Seng Properties Index closed at a two-week low.
Hong Kong is now home to a very expensive parking spot, the latest sign of a property market run amok.
Although the Federal Reserve's rate rise was expected, Chair Janet Yellen's more-detailed plans to reduce the Fed's balance sheet was viewed by some as negative to equities in Asia.
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