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Market View: Impact of property cooling measures on Singapore banks, rate hikes on Asian banks, performance of digital vs. traditional banks in South Korea
Credit markets and the performance of banks in Asia are on our list today after recent jumbo rate hikes by the US Federal Reserve rattled markets and hurt demand for homes and mortgages. Just look at Hong Kong - the city’s home prices, for one, fell 2.3% in August from a month ago, the lowest in over three years. In Singapore, major banks such as UOB and DBS Bank have temporarily ceased their fixed rate home loans for now to review their rates. Plus - cooling measures announced by the local government last night. On Market View, Prime Time's Finance Presenter spoke with Rena Kwok, Credit…
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