In 2025, the median lease for a 1-bedroom in Hong Kong is $2,421.
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Asia-Pacific markets traded combined Wednesday, breaking ranks from Wall Street losses, after the World Bank raised the region’s growth forecast Tuesday.
That comes after a summer time that noticed U.S. tariff-led uncertainty rock the worldwide economic system.
Hong Kong’s Hang Seng index slid 1.35% on the open.
Stocks of CF PharmTech surged over 224% in its Hong Kong trading debut. CF PharmTech is a specialty pharmaceutical firm, centered particularly on respiratory ailments.
Japan’s benchmark Nikkei 225 was little modified, whereas the the Topix added 0.62%. TheJapanese yen weakened 0.38% to 152.48 towards the buck after sliding to the 150-level Monday.
Australia’s ASX/S&P 200 fell 0.3%.
Mainland China and South Korean markets are closed for the vacations.
The Reserve Bank of New Zealand trimmed its benchmark interest rate by 50 foundation factors to 2.5%.
“Economic activity through the middle of 2025 was weak. In part, this reflects domestic constraints on the supply of goods and services in some industries, and the impact of global economic policy uncertainty,” the financial institution mentioned in a media launch. The New Zealand greenback weakened 0.9% to 0.5746 per greenback.
The Bank of Thailand can also be set to launch its coverage choices later within the day.
Overnight within the U.S., the three main averages closed decrease. The S&P 500 struggled Tuesday, slowed down by a drop in Oracle shares as buyers fear in regards to the profitability of the bogus intelligence commerce. Wall Street additionally appeared for extra developments out of Washington with the U.S. authorities shutdown in its second week.
The broad market index pulled again 0.38% to shut at 6,714.59, snapping a 7-day successful streak, whereas the Nasdaq Composite fell 0.67% to complete at 22,788.36. The Dow Jones Industrial Average fell 91.99 factors, or 0.2%, to finish at 46,602.98.
— CNBC’s Pia Singh, Sean Conlon and Fred Imbert contributed to this report.