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HONG KONG: Hong Kong will avoid the kind of property market crash that followed previous economic slumps in the finance hub, according to Financial Secretary Paul Chan. "We do not see the risk of an off-the-grid type of downfall,” Chan said in an interview on Monday (March 2) with Bloomberg Television’s Yvonne Man.
The reason for the low returns of the provident fund is due to the poor performance of the capital markets as a whole.
SANTIAGO (Reuters) - Chile's stock market has priced in a victory of conservative presidential candidate Sebastian Pinera, even though progressive candidates could form an alliance in a December runoff, traders and analysts said.