Apple’s latest earnings report, which comes on the heels of its new iPhone 17 rollout, helped lift Asian stocks Friday (JUSTIN SULLIVAN) Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Investor confidence in artificial intelligence has fuelled a…
US Stock Market today: The Wall Street benchmark indices like the Dow Jones, Nasdaq, and S&P 500 hit their record high levels on Tuesday, 28 October 2025, as the US Federal Reserve begins its two-day policy meeting to determine the rate cuts for the US economy. All eyes are now on the US Federal Reserve’s…
Since the beginning of the year, Kelvin Siu and his fiancée had waited for gold prices to decline before buying jewellery for their wedding. Last week, they finally pulled the trigger to purchase, as gold prices continued to climb to fresh highs. “We had no choice but to buy the gold dragon and phoenix bracelets…
Hong Kong’s markets hit their lowest point in more than a decade in 2022, squeezed by rising friction between Washington and Beijing. With the US Federal Reserve tightening monetary policy aggressively, Asian markets were starved of liquidity. Hong Kong’s benchmark fell below 16,000 points in 2022, one of the steepest drops among global indices. Three…
The resumption of a policy easing cycle following the US Federal Reserve’s quarter-point interest-rate reduction is likely to spur more investments into property globally, according to analysts. For mainland China and Hong Kong, however, the impact could be less significant owing to fundamental and geopolitical strains, they added. “Rarely do central banks do ‘one and…
For people who monitor interest rates for a living, it has been a hectic week, with several major central banks making announcements. But besides finance professionals, Hong Kong people are also keenly interested. With their mortgages and business loans – and the economy in general – running on a currency pegged to the US dollar,…
Hong Kong banks and brokers reported keen interest in the latest batch of Silver Bonds compared with last year after subscriptions opened on Monday. HSBC, the biggest of the city’s three currency-issuing banks, said application volumes and values were higher compared with the first day of sales last year. “The share of digital submission continues…
China’s stock markets have surged to their highest levels in a decade, but the rally risks creating a bubble while offering little support to the slowing economy, according to historical lessons, Nomura has warned. The Japanese investment bank cautioned that the rally may have even less impact on growth than the 2014-15 boom, which ended…
Central bank independence may sound like an academic subject. But for Hong Kong, thanks to the US dollar peg, the effect of the US Federal Reserve’s independence can be very real, especially if it is being eroded. Where the US dollar lands, there goes the Hong Kong dollar. Donald Trump’s repeated criticisms of Fed chairman…
Hong Kong’s lived-in home prices rose for a fourth consecutive month to a seven-month high in July, indicating the city’s residential property market may have turned a corner. A widely watched official index of secondary home prices gained 0.42 per cent month on month to 387.9 in July, according to data from the Rating and…