Daily Flash
China’s most powerful stock rally in a decade rose out of desperation, but can dissipate just as quickly if met with nothing but empty words. As of Monday, the benchmark MSCI China and CSI 300 indices gained 36% and 27% from their recent lows after top policymakers promised a barrage of stimulus measures at the…
After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…
The explosive Chinese stock rally over the last month finally lost steam today after a press conference by Chinese officials failed to sustain investor exuberance over previously announced stimulus measures. Shares of the electric carmaker Li Auto (NASDAQ: LI) traded nearly 7.5% lower as of midday, while shares of the search giant and artificial intelligence…
Hong Kong to Expand Licensing for Crypto Exchanges by Year-End Hong Kong’s Securities and Futures Commission (SFC) is set to issue more licenses for crypto exchanges and digital asset firms by the end of year. This announcement comes as the regulator aims to enhance compliance among Virtual Asset Trading Platforms (VATPs) operating in the region….
Hong Kong’s retail sales dropped in August as consumers moved away from purchasing luxury goods and traveled abroad for their summer vacations. Revenue from jewelry, watches, clocks and valuable gifts slid 24% year on year to HKD 3.93 billion ($505.8 million) for the month, the municipality’s Census and Statistics Department said last week. Sales in…
A solo hiker has been found dead in Hong Kong’s northwestern New Territories after he went missing on Sunday, police have said. Officers from the Government Flying Service found 67-year-old Yau Kwok-yee early on Tuesday at the bottom of a two-metre (6.6-feet) drop in Ng To Shui, Tuen Mun. Source link
Connecting the Future: Bridging The Worlds of Aesthetic Medicine, Skin Health Management, Surgical Treatments & Anti-aging in The Greater Bay Area HONG KONG SAR – Media OutReach Newswire – 8 October 2024 – Organized by Aesthetic Society for Asia Pacific and Deltus, Aesthetic Medicine & Surgery Conference & Exhibition (AMSC) Hong Kong will be held…
Citigroup’s commercial banking arm will make strategic hires in Hong Kong under a newly introduced team structure, capitalising on mainland Chinese companies’ growing overseas expansion plans and foreign firms’ push in China, according to a top executive. The US bank is hiring selectively, especially for advisory services, while grooming its existing bankers to specialise and…
Hong Kong Air Cargo announced the official launch of a new weekly all-cargo route between Hong Kong and Birmingham, U.K., operated by the Airbus A330-200F cargo freighter. Gary Zhan, Chairman, Hong Kong Air Cargo says: “We are thrilled to open this new route. Birmingham, the U.K.’s second-largest city, is now our second new destination in…
Oct. 08, 2024 1:14 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor tadamichi Asia-Pacific markets trade mostly lower on Tuesday, with investors watching August…