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Copper steadies as traders shrug off Fed’s hawkish rate signals

Copper was 0.2% lower at $14 202.50 a ton on the LME at 10:30 a.m. in Singapore.

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HKMA raises rate for first time in three years

HSBC and StanChart says that they would keep their best lending rates in Hong Kong unchanged

  • HKMA raises interest rate by 25 basis points to 4.25%
  • First rate increase in three years, aligned with US Fed
  • Concerns about inflation and market expectations cited

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