A flood warning and a rip current statement in effect for Columbia and Glynn, Coastal, Inland Regions
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Oct. 21, 2024. Hong Kong's Hang Seng was an outlier, falling 0.6% to 20,869.39, but the Shanghai Composite gained 0.8% to 3,288.32. The A-share index of the smaller market in Shenzhen picked up 2.2%.The gains in mainland Chinese markets followed cuts in the one-year and five-year Loan Prime Rates, which are reference rates for lending. Lower rates can help reduce pressure on borrowers, particulary property developers that have suffered following a crackdown on excessive borrowing several years ago.
Early Monday, U.S. benchmark crude was up 38 cents at $69.07 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, picked up 31 cents to $73.37 per barrel.
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