{"id":55295,"date":"2025-10-30T00:38:25","date_gmt":"2025-10-30T04:38:25","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-eye-uncertainty-as-trump-departs-korea-hsbc-cuts-hkd-rates-and-nomura-shifts-fed-outlook\/55295\/"},"modified":"2025-10-30T00:38:25","modified_gmt":"2025-10-30T04:38:25","slug":"global-markets-eye-uncertainty-as-trump-departs-korea-hsbc-cuts-hkd-rates-and-nomura-shifts-fed-outlook","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-eye-uncertainty-as-trump-departs-korea-hsbc-cuts-hkd-rates-and-nomura-shifts-fed-outlook\/55295\/","title":{"rendered":"Global Markets Eye Uncertainty as Trump Departs Korea, HSBC Cuts HKD Rates, and Nomura Shifts Fed Outlook"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>HSBC Holdings Plc<\/strong> (<a href=\"\/stock\/HSBC\">HSBC<\/a>) has reduced its Hong Kong Dollar (HKD) best lending rate to <strong>5.00%<\/strong> and cut savings rates by <strong>12.4 basis points<\/strong>, signaling a notable shift in local monetary policy.<\/li>\n<li>US President <strong>Donald Trump<\/strong> departed South Korea without holding a press conference on the outcome of his meeting with Chinese President <strong>Xi Jinping<\/strong>, leaving markets without immediate clarity on US-China trade and geopolitical relations.<\/li>\n<li><strong>Nomura Holdings Inc.<\/strong> (<a href=\"\/stock\/NMR\">NMR<\/a>) has revised its forecast for the US Federal Reserve, now expecting rates to remain <strong>steady in December<\/strong>, contradicting its prior view of a 25 basis point cut.<\/li>\n<\/ul>\n<p>Uncertainty is gripping global financial markets following key developments in geopolitics and monetary policy. In Asia, <strong>HSBC Holdings Plc<\/strong> (<a href=\"\/stock\/HSBC\">HSBC<\/a>) has announced significant cuts to its Hong Kong Dollar lending and savings rates, while US President <strong>Donald Trump<\/strong> departed South Korea without providing an immediate update on his high-stakes meeting with Chinese leader <strong>Xi Jinping<\/strong>. Concurrently, a major shift in expectations for US monetary policy has emerged, with <strong>Nomura Holdings Inc.<\/strong> (<a href=\"\/stock\/NMR\">NMR<\/a>) now anticipating the Federal Reserve will hold rates steady in December.<\/p>\n<h2>Hong Kong Dollar Rates Cut by HSBC<\/h2>\n<p><strong>HSBC Holdings Plc<\/strong> (<a href=\"\/stock\/HSBC\">HSBC<\/a>) has lowered its Hong Kong Dollar (HKD) best lending rate by <strong>12.5 basis points<\/strong> to <strong>5.00%<\/strong> per annum, effective Friday. This move marks a notable adjustment in the region&#39;s borrowing costs. Simultaneously, the banking giant also reduced the interest rate for Hong Kong Dollar savings deposit accounts by <strong>12.4 basis points<\/strong>. These rate cuts by one of Hong Kong&#39;s largest banks could impact local liquidity and the cost of capital, potentially stimulating economic activity or reflecting broader market conditions.<\/p>\n<h2>Trump Departs Korea Without US-China Meet Update<\/h2>\n<p>US President <strong>Donald Trump<\/strong> boarded Air Force One and departed from South Korea following his meeting with Chinese President <strong>Xi Jinping<\/strong>, notably without holding a press conference on the outcome of their discussions. The absence of immediate public statements has left markets awaiting clarity on the status of US-China relations, particularly concerning trade and ongoing geopolitical tensions. Prior to the meeting, President Trump had expressed optimism, suggesting that &quot;a lot of problems&quot; could be solved. The two leaders had met to address months of trade turmoil and other critical issues.<\/p>\n<h2>Nomura Revises US Fed Rate Outlook<\/h2>\n<p>In a significant revision to its monetary policy outlook, <strong>Nomura Holdings Inc.<\/strong> (<a href=\"\/stock\/NMR\">NMR<\/a>) now anticipates that the US Federal Reserve will likely keep interest rates <strong>steady in December<\/strong>. This new forecast contradicts Nomura&#39;s previous expectation of a 25 basis point rate cut for the same period. The shift in analyst sentiment from a prominent financial institution could influence market expectations for future Fed actions, impacting bond yields, equity valuations, and the strength of the US dollar. <em>Such revisions underscore the dynamic nature of economic forecasts amid evolving data and central bank commentary.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways HSBC Holdings Plc (HSBC) has reduced its Hong Kong Dollar (HKD) best lending rate to 5.00% and cut 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