The Hong Kong Monetary Authority cuts its benchmark interest rate by a half-point to1.5% yesterday. The Hang Seng jumped by 10% on the news.
Quite a different response than what we saw in the U.S. to a rate cut. I’ve said it before — if you’re going to beinvested in stocks, make sure your dollars are invested in superball markets instead of dead cat markets.
- China cuts rates….again. China’s central bank cut interest rates by more than a fullpercentage point. The key lending rate was dropped by 1.08%...
- China cuts interest rates This is the news that Chinese investors have been waiting for. The People’s Bank ofChina lowered its key lending rate...
- South Korea cuts rates too South Korea cut interest rates for the third time in a month andhinted that more cuts are on the way:...
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