BoK Hold Interest Rates

Monexnews-corresponds to the estimated earlier, the Bank of Korea decided to hold interest rates remained at the level of 2.75%. The Central Bank decided to hold interest rates for the fifth month. But trimming expectations interest rates add traction amid uncertainty about the country's economic recovery.

"Trimming interest rates do to push the economy. BoK requires the coordination of policies with the new Government, which will compose the stimulus package, "Meritz Securities analyst, clearly Ough Chang-sup. Trimming interest rates predicted recently will be done over the next three months.

(din)

Car Insurance; Insurance

Car Insurance; Insurance; Health Insurance

HSI Rectified After Rising Mortgage Rates

Monexnews-stock Index of Hong Kong-Hang Seng (HSI) back in Thursday trading rectified (14/3) along with the shares of real estate and property sector experienced a weakening after HSBC Holdings and Standard Chartered Plc raised their mortgage rates (mortgage rates) in Hong Kong.

Those policies had to be taken after the banking regulator tightened rules for risk due to worries over a spike in property sector that can disrupt financial stability.

Stock-listed New World Development Co. fell 6.1 percent, Sun Hung Kai Properties Ltd. plummeted. 4%, China Overseas Land Investment Ltd. & declined 3%, Cheung Kong Holdings Ltd. slumped 3.6 percent, and Sino Land co. also weakened to 3.1%.

The Hang Seng index weakened to-own tracked 0.77% or 171.84 points in the area – the range of 22384.81, while the Hang Seng index futures recorded a slump of up to-125 points in 22324.(dar)

Car Insurance; Insurance

Car Insurance; Insurance; Health Insurance