Text size Shares in Hong Kong soared more than three percent at Wednesday’s open, extending the previous day’s rally, after China unveiled another interest rate cut the day after a slew of economy-boosting stimulus measures. The Hang Seng Index surged 3.12 percent, or 591.87 points, to 19,592.43, while the Shanghai Composite Index added 1.34 percent,…
Text size After a recent strong recovery, Rolls-Royce is looking to overcome a setback caused by a defect to one of its engines on a plane flown by Hong Kong’s Cathay Pacific. The British company has seen its share price soar to record highs thanks to a turnaround in performance under chief executive Tufan Erginbilgic…
Text size A cleaning process leading to fuel hose degradation during refurbishment could have caused a recent engine fire on a Cathay Pacific Airbus A350, the European Union Aviation Safety Agency (EASA) said Thursday. EASA said it had widened in an airworthiness directive the number of engine variants potentially affected by the apparent defect, which include…
CLN KraneShares Key News Asian equities were mostly higher overnight while Mainland China was closed for the Mid-Autumn Festival. Japan, South Korea, Indonesia, and Malaysia were also closed. It was a very quiet night, especially given the four market holidays outside of China’s Mid-Autumn Festival: Respect for the Aged Day (Japan), Mawlidal-Nabi (Indonesia), Malaysia Day,…