Chinese Loan Prime Rate 1Y (Feb) 3.00% vs. Exp. 3.00% (Prev. 3.00%)
The Chinese Loan Prime Rate (LPR) holds steady at 3.00%, aligning with expectations and previous prints.
Chinese Loan Prime Rate 1Y 3% vs. Exp. 3% (Prev. 3%)
Chinese Loan Prime Rate 5Y (Feb) 3.5% vs. Exp. 3.5% (Prev. 3.5%)
Chinese Loan Prime Rate 1Y (Feb) 3.00% vs. Exp. 3.00% (Prev. 3.00%)
South Korea and US are reportedly at odds over war games’ scale with the US pushing back on South Korea's request for smaller drills, forcing the postponement of a major joint military briefing, according to SCMP
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: United Overseas Bank (UOB SP) Q4 (SGD) net profit fell 7% Y/Y to 1.41bln, total income declined 5% to 3.29bln, NII fell 4% to 2.35bln
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This stability suggests that the People's Bank of China is maintaining its accommodative stance amidst ongoing economic challenges, which could influence market sentiment towards risk assets in Asia. Traders should watch for any emerging implications on liquidity and lending behavior as economic conditions evolve.
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