After weeks of pain, the stock market is eyeing some relief from tariffs and fears about Donald Trump’s encroachment on the Federal Reserve. US stocks soared Wednesday after comments from Trump helped ease two major headwinds for the stock market: steep tariffs on China and the early termination of Federal Reserve Chairman Jerome Powell. Here’s…
US individuals are more likely than institutional investors to sell American depositary receipts (ADRs) of Chinese companies if the Trump administration pursues a decoupling of the world’s two biggest stock markets, according to Goldman Sachs. American retail traders held about US$370 billion worth of ADRs, the US investment bank said in a report on Wednesday,…
The South China Morning Post has reported to police that an impersonated website posted a fake news report about Hong Kong billionaire Li Ka-shing offering cryptocurrency investment advice during a TV news interview. A spokesman for the Post said: “We are aware of the situation and have reported it to the police.” The spokesman also…
Chinese premium electric vehicle (EV) maker Xpeng introduced the latest version of its X9 multipurpose vehicle for the local market and aimed to launch it in Europe from July as part of its drive to quadruple its sales in export markets. The all-electric seven-seater vehicle will enter the mainland market with a starting price of…
President Donald Trump on Wednesday announced via a social media post a planned 90-day pause in his aggressive tariff plan against some countries, sending ripples through the business community. The market, which had plummeted following news of the president’s trade strategy, surged in response to the planned pause, while industry leaders from across the political…
Gas consumption in Hong Kong stayed below the pre-pandemic level for a sixth straight year in 2024, with the supplier expecting the pattern to persist due to what economists said was a “structural decline” in usage linked to lifestyle changes, including increased travel to mainland China. The city’s sole gas supplier, the Hong Kong and…
One person was injured when an 84-year-old driver mistook his car’s accelerator for the brake and mounted a pavement in Hong Kong on Sunday, according to an insider. The source said the driver was trying to stop his car from sliding forward at the car park entrance of the Kowloon City Plaza shopping centre. “He…
Gas consumption in Hong Kong stayed below the pre-pandemic level for a sixth straight year in 2024, with the supplier expecting the pattern to persist due to what economists said was a “structural decline” in usage linked to lifestyle changes, including increased travel to mainland China. The city’s sole gas supplier, the Hong Kong and…
The South China Morning Post has picked up 12 prizes, including in the Best Scoop category, at the Hong Kong News Awards 2024. The Newspaper Society of Hong Kong announced the results on Friday, with the Post’s reporters securing awards in 11 categories. Senior reporter Edith Lin and news editor Jeffie Lam from the City…
The South China Morning Post has picked up 12 prizes, including in the Best Scoop category, at the Hong Kong News Awards 2024. The Newspaper Society of Hong Kong announced the results on Friday, with the Post’s reporters securing awards in 11 categories. Senior reporter Edith Lin and news editor Jeffie Lam from the City…