Hong Kong’s exports rose by 14.5 per cent in August year on year amid a Sino-US trade truce and a surprise rebound in shipments to America and Europe, alongside continued solid demand in Asia, which helped offset wider economic uncertainties. But industry leaders and economists warned on Thursday the strong performance was heavily inflated by…
A Hong Kong salesman has been jailed for two years and three months for drugging three female colleagues in his home, with the sentencing judge slamming him for inflicting serious psychological damage on his victims. The District Court on Tuesday sentenced 44-year-old Jamie Poon Tik-wai on three counts of administering a poison with intent to…
Hong Kong’s jobless rate remained at 3.7 per cent between June and August, as the city’s food and beverage and manufacturing sectors continued to struggle. Preliminary data released by the Census and Statistics Department on Tuesday also showed that the number of unemployed grew by about 6,000 to 151,000 between June and August from the…
Analysts said they had mixed views about Sun Hung Kai Properties’ (SHKP) shares after Hong Kong’s largest property developer by market capitalisation reported a slight increase in its full-year earnings. On Friday, Morningstar cut its price target for SHKP to HK$105 from HK$115, but said the company was trading at a good discount. UOB Kay…
Summer is over, and stock investors used to placid markets are getting a wakeup call. Equity markets were sharply lower on Monday, with losses in major indexes hovering around 1%. Traders are responding to further uncertainty around Trump tariffs and a spiking 30-year Treasury yield. The selling comes on the heels of positive August for…
Hong Kong’s home sales remained above the 5,000 level for the sixth consecutive month in August, further strengthening the view that the city’s residential property market may have bottomed out. A total of 5,291 homes were transacted last month, according to data from the Land Registry on Tuesday, continuing a run above 5,000 that started…
A recent improvement in Hong Kong’s retail sector spilled into July, with sales rising by 1.8 per cent year on year in a sign that the industry had stabilised, the government said on Monday. According to the Census and Statistics Department, the increase marked the third month in a row of growth following 14 consecutive…
UNITED NATIONS — France, Germany and the United Kingdom moved Thursday to reimpose United Nations sanctions on Iran over its nuclear program, further isolating Tehran after its atomic sites were repeatedly bombed during a 12-day war with Israel. The process, termed a “snapback” by the diplomats who negotiated it into Iran’s 2015 nuclear deal with world powers,…
A booming market for miniature clothing has become the latest growth driver in China’s “doll economy” – fuelled by Gen Z’s passion for the toys and the emotional comfort they provide. “Loving ball-jointed dolls is as natural as breathing,” said 21-year-old Clementine Cai from Zhejiang. Two years after falling in love with the toys, she…
LONDON — Opponents and supporters of migrants faced off in angry confrontations at demonstrations held around Britain over a holiday weekend as the government scrambled to deal with fallout from a court order that will force a hotel in a London suburb to evict asylum seekers. The ruling has created a headache for the government, which has…