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Thu Lan Nguyen, analyst at Deutsche Bank, said recent UK data — with August GDP beating expectations for a fourth consecutive month — has increased market pricing for Bank of England tightening by creating scope for further rate rises and easing pres

2026-10-16

Thu Lan Nguyen, analyst at Deutsche Bank, said recent UK data — with August GDP beating expectations for a fourth consecutive month — has increased market pricing for Bank of England tightening by creating scope for further rate rises and easing pressure on the UK chancellor ahead of the Oct. 28 budget. The Chancellor committed remains to deficit reduction in that budget. Nguyen warned: "Given recent years' experience, the potential risks in the UK's fiscal plans should not be underestimated."

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2026-10-16

Hong Kong stocks closed higher; HSI +0.52%, Hang Seng Tech Index +1.16%. After opening higher and drifting intraday, the market finished positive. China property names rallied then pulled back—Longfor Group (00960.HK) +6%, CHINA RES LAND (01109.HK) +

Hong Kong stocks closed higher; HSI +0.52%, Hang Seng Tech Index +1.16%. After opening higher and drifting intraday, the market finished positive. China property names rallied then pulled back—Longfor Group (00960.HK) +6%, CHINA RES LAND (01109.HK) +3%. Construction/cement names rose—Huaxin Cement (06655.HK) +5%. Gold miners led gains—Lingbao Gold (03330.HK) +8%. Optical-communications stock Zhongji Xuchuang (03308.HK) +2%. Strength also in commercial space, Household appliances, batteries, chips and AI sectors. Underperformers included Chinese banks, coal, new-consumer names, lithium, telecom equipment and oil.
2026-10-16

On Oct 15 (Thursday) evening, Shanghai Gold Exchange gold T+D closed up 0.66% at 895.43 yuan/gram; silver T+D closed up 1.25% at 13,843.0 yuan/kg.

On Oct 15 (Thursday) evening, Shanghai Gold Exchange gold T+D closed up 0.66% at 895.43 yuan/gram; silver T+D closed up 1.25% at 13,843.0 yuan/kg.
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