Top Reads of The Week 28/4/2024

Author

Richard @ The Asia Report
April 28, 2024

S-REITs falter as investors weigh possibility of zero rate cuts in 2024

Singapore's REITs (S-REITs) have experienced a downturn as investors reassess their expectations of potential interest rate cuts in 2024.

Initially, the market anticipated rate reductions, but growing concerns about the economic outlook have led to a reevaluation of this stance, weighing on S-REIT performance.

Hong Kong Stocks Are Looking Hot Again as Chinese Money Pours In

Hong Kong's stock market has witnessed a resurgence driven by a influx of investment from mainland Chinese investors.

This inflow of capital has fueled a rally in share prices and reignited interest in the city's equities, providing a much-needed boost to the local bourse after a period of volatility.

Tencent Shares Blow Past 'Magnificent Seven' on China Tech Outlook

Tencent Holdings Ltd.'s shares have surged, outperforming the "Magnificent Seven" group of U.S. tech giants, as investors grow increasingly optimistic about the prospects of China's technology sector.

Hong Kong Bankers Face More Job Cuts on China Slowdown, High Pay

The banking industry in Hong Kong is bracing for further job cuts as it grapples with the economic slowdown in China and the city's high compensation costs.

The combination of these factors has put pressure on financial institutions operating in the region, prompting cost-cutting measures, including layoffs.

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