Hong Kong Dollar (HKD) overnight lending rates fluctuated significantly, with one-month lending rates hitting a nearly four-month low.

13:45 21/01/2025

On January 21, the overnight Hong Kong dollar interbank rate fluctuated significantly, dropping 80 basis points to 3.05071% after rising nearly 123 basis points the previous day. Other tenors of interbank rates remained stable, with the one-month interbank rate related to property mortgages slightly decreasing to 3.9%, hitting a near four-month low.

On January 21st, the overnight Hong Kong Interbank Offered Rate (HIBOR) fluctuated significantly, dropping 80 basis points to 3.05071% after rising nearly 123 basis points the previous day. Other tenors of HIBOR remained relatively stable, with the one-month rate slightly decreasing to 3.9%, reaching a four-month low. Two-month to one-year HIBOR rates remained unchanged for three consecutive trading days.

"The largest aluminum plant in the Middle East" suffered a "major loss" on Saturday, and it is currently unclear whether production has been halted.

Pakistan: Iran agrees to allow an additional 20 Pakistani ships to pass through the Hormuz Strait.

Goldman Sachs hedge fund business director: The institutions I've been in contact with are almost all bearish, and those who understand physical commodities are even more concerned. The longer Iran procrastinates, the more the market tends towards short-term investments.

"The largest aluminum plant in the Middle East" suffered a "major loss" on Saturday, and it is currently unclear whether production has been halted.

Pakistan: Iran agrees to allow an additional 20 Pakistani ships to pass through the Hormuz Strait.