In 2025, the median rent for a 1-bedroom in Hong Kong is $2,421.
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Asia-Pacific markets traded mixed Wednesday, breaking ranks from Wall Street losses, after the World Bank raised the region’s growth forecast Tuesday.
That comes after a summer that saw U.S. tariff-led uncertainty rock the global economy.
Japan’s benchmark Nikkei 225 was little changed, while the the Topix added 0.62%.
Australia’s ASX/S&P 200 fell 0.3%.
Futures for Hong Kong’s Hang Seng index stood at 27,165, higher than its Tuesday close of 26,957.77.
Mainland China and South Korean markets are closed for the holidays.
The Reserve Bank of New Zealand trimmed its benchmark interest rate by 50 basis points to 2.5%.
“Economic activity through the middle of 2025 was weak. In part, this reflects domestic constraints on the supply of goods and services in some industries, and the impact of global economic policy uncertainty,” the bank said in a media release.
The Bank of Thailand is also set to release its policy decisions later in the day.
Overnight in the U.S., the three major averages closed lower. The S&P 500 struggled Tuesday, bogged down by a drop in Oracle shares as investors worry about the profitability of the artificial intelligence trade. Wall Street also looked for more developments out of Washington with the U.S. government shutdown in its second week.
The broad market index pulled back 0.38% to close at 6,714.59, snapping a 7-day winning streak, while the Nasdaq Composite fell 0.67% to finish at 22,788.36. The Dow Jones Industrial Average fell 91.99 points, or 0.2%, to end at 46,602.98.
— CNBC’s Pia Singh, Sean Conlon and Fred Imbert contributed to this report.
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