According to a report released by S&P Global on Tuesday (July 8), investors expect economic activity to rebound due to falling interest rates and buy bank stocks, causing the market value of most Asia-Pacific banks to rise. The market value of C...
According to a report released by S&P Global on Tuesday (July 8), investors expect economic activity to rebound due to falling interest rates and buy bank stocks, causing the market value of most Asia-Pacific banks to rise.
The market value of China's four major banks has increased by double digits. Among the 20 largest banks, the largest increase in market value was China Postal Savings Bank, with a maximum of 31.8%.
However, DBS Group, ranked 10th in the Asia-Pacific region, saw its market value decline by 3.6%. The other two local banks, OCBC and UOB, also saw their market value declines according to their stock prices during this period.
In the context of falling interest rates, DBS Group's market value fell in the second quarter, making it one of the top 10 banks in Asia-Pacific with a decline in market value.
Among the 20 largest banks in Asia-Pacific, a total of four banks have fallen in market value. In addition to DBS, the market value of the three Japanese banks also fell, with a decline of between 0.8% and 4.7%.
