A revival in Hong Kong stocks has provided bumper returns for Prusik Investment Management, which placed early bets on once-unloved property and conglomerate shares in the financial hub. Chief Investment Officer Tom Naughton is confident that further gains lie ahead. The money manager’s $787 million flagship fund has more than a third of its money…
More than three fourth (77%) of respondents to a survey define health as “living independently and doing what’s important” according to a new survey by Manulife Hong Kong and Macau. The survey Manulife Asia Care Survey 2025 reveals new insights into how Hongkongers perceive longevity and how they prioritise a meaningful life over simply living…
Hong Kong retained its status as Asia’s top financial centre and was the third globally, distancing itself from regional rival Singapore and also closing the gap with top-ranked New York, according to the latest edition of the Global Financial Centres Index. Hong Kong’s overall rating increased 11 points, while Singapore gained three points to stay…
Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletter On Wednesday, the Federal Reserve cut interest rates by 25 basis points as expected. But it also raised its inflation outlook for 2025, and sees just two more cuts next year. The markets reacted violently to it, with the major…
A big theme in finance over the past two decades has been a shift in power away from investment banks that traditionally dominated the industry to the asset management firms that orbit it. Now, that’s reflected in the seat of government, too. By picking Scott Bessent as Treasury secretary, Donald Trump has chosen a Wall…
While Tesla Inc. is grabbing the headlines, Xpeng Inc. has been the hottest electric vehicle stock over the past few months as investors rapidly warm to its product strategy. The company’s Hong Kong-listed shares have surged 93% from an August low, far outpacing gains in peers from Tesla to fellow Chinese EV maker Nio Inc….
If Wall Street learned one thing during Donald Trump’s first term as president, it’s that the stock market is a way he keeps score. At various points he took credit for equities rallies, urged Americans to buy the dip, and even considered firing Federal Reserve Chairman Jerome Powell, who he blamed for a selloff. Now…
The yuan declined while Chinese stock futures whipsawed after authorities announced a total 10 trillion yuan ($1.4 trillion) program to refinance local government debt, signaling investors weren’t impressed with the latest attempt to support the economy. The yuan sank as much as 0.6% in offshore trading, pulling its Asian peers such as the Australian and…
One trading session left. That’s all Wall Street has before Tuesday, when US voters begin the process of picking their next president and potentially determining the direction of the economy for the next four years. Traders are buzzing about the possibilities, constantly checking the latest polls and moves in election betting markets to divine who’s…
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