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Finance News & Global Markets · Sep 29

Market updates

  1. Tokyo midday break: Nikkei 225 at 65,346.20, down 0.81%
  2. Nikkei 225 down 1% on the day, at 65,155.18
  3. Hong Kong opens: Hang Seng at 24,648.64, up 0.02% on the previous close
  4. Shanghai opens: Shanghai Comp. at 3,816.15, down 0.20% on the previous close; CSI 300 at 4,335.81, down 0.11% on the previous close
  5. Taipei opens: Taiex at 47,873.89, down 0.31% on the previous close
  6. Seoul opens: KOSPI at 6,844.41, down 0.66% on the previous close
  7. Sydney opens: ASX 200 at 8,679.70, unchanged on the previous close
  8. Tokyo opens: Nikkei 225 at 65,557.99, down 0.49% on the previous close
  9. New York closes: S&P 500 at 7,683.69, down 0.77%; Dow Jones at 51,481.51, down 0.67%; Nasdaq at 26,820.38, down 0.92%
  10. New York opens: S&P 500 at 7,721.70, down 0.28% on the previous close; Dow Jones at 51,648.48, down 0.35% on the previous close; Nasdaq at 26,935.76, down 0.49% on the previous close

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Plan to convert Hong Kong office block into flats rejected amid high vacancy rates

Hong Kong’s Town Planning Board has rejected a developers’ consortium application to rezone the Harbourside HQ office project in Kowloon Bay for residential development. Analysts say sellers remain under pressure as commercial vacancy rates stay high.

Real EstateHong Kong propertycommercial vacancyurban planning

SSouth China Morning PostOriginal★★☆☆☆2026-09-29 00:01

Plan to convert Hong Kong office block into flats rejected amid high vacancy rates
Plan to convert Hong Kong office block into flats rejected amid high vacancy rates

Kremlin takes control of German retailer Metro AG’s Russian properties

Russian President Vladimir Putin signed a decree on Sept. 28 placing Metro AG’s Russian subsidiary under Kremlin control. The division was transferred to the “temporary management” of a company formed on Sept. 8 and wholly owned by Metro Russia CEO Johannes Tolay. Metro said it formally retains ownership but no longer has operational control.

Companies & industryReal EstateMetro AGRussiaasset seizureGerman business

TThe Kyiv IndependentOriginal★★★★☆2026-09-28 22:56

Kremlin takes control of German retailer Metro AG’s Russian properties
Kremlin takes control of German retailer Metro AG’s Russian properties

Australia news live: Chalmers defends record as RBA’s cash rate decision looms

Treasurer Jim Chalmers has defended his economic record ahead of an expected fourth interest rate rise in 2026. The Reserve Bank is poised to lift the cash rate from 4.35% to 4.6%, potentially pushing typical mortgage rates to 6.5%. Chalmers said persistent inflation was worsened by overseas decisions and that the Iran war had imposed a heavy cost on Australian families.

Macro & central banksReal EstateAustralia economyinterest ratesinflationmortgages

TThe GuardianOriginal★★★☆☆2026-09-28 20:39

Australia news live: Chalmers defends record as RBA’s cash rate decision looms
Australia news live: Chalmers defends record as RBA’s cash rate decision looms

UK first-time buyer scheme lifts housebuilders, but success hinges on design

Britain’s new support scheme for first-time buyers could deliver the biggest boost to housebuilders in years, helping revive sales that have remained sluggish since the previous “Help to Buy” programme ended in 2023.

Real EstateUK housingfirst-time buyershousebuilders

RReutersOriginal★★★☆☆2026-09-28 19:00

UK first-time buyer scheme lifts housebuilders, but success hinges on design
UK first-time buyer scheme lifts housebuilders, but success hinges on design

Further rate hikes could ‘devastate’ property market without easing unaffordability

Experts warn that two or three more Reserve Bank of Australia rate rises could devastate the property market while leaving housing even less affordable, as higher borrowing costs outweigh falling prices. The RBA is widely expected to raise its cash rate from 4.35% to 4.6%, adding about $100 a month to interest on a $700,000 loan.

Macro & central banksReal EstateAustraliainterest ratesproperty markethousing affordability

TThe GuardianOriginal★★★☆☆2026-09-28 15:00

Further rate hikes could ‘devastate’ property market without easing unaffordability
Further rate hikes could ‘devastate’ property market without easing unaffordability
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