Hong Kong’s restaurant sector is in crisis, with a wave of closures, shrinking margins and residents lured by cheaper options locally and across the border. In this two-part series, the Post looks at the industry’s troubles and whether it can reinvent itself. Updated: 21 Aug, 2025 Source link
Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable…
US Stock Indices Open Lower New York, August 20 (QNA) – The main indices on the US Wall Street stock exchange opened lower on Wednesday. The Dow Jones Industrial Average fell 0.4 points to 44,922.7 points. The S&P 500 dropped 4.7 points, or 0.07 percent, to 6,406.62 points, while Nasdaq Composite lost 45.3 points, or…
Nvidia is developing a new artificial intelligence chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, according to two people briefed on the matter. US President Donald Trump last week opened the door to the possibility of more advanced…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s weather forecaster has issued an amber rainstorm warning signal, saying the city is expected to experience widespread heavy showers and…
“Once a bull market gets under way, and once you reach the point where everybody has made money no matter what system he or she followed, a crowd is attracted into the game that is responding not to interest rates and profits but simply to the fact that it seems a mistake to be out…
When DeepSeek R1 launched in January, it sent shock waves through the tech world. Here was a large language model (LLM) capable of rivalling ChatGPT yet developed at a fraction of the cost. The breakthrough shifted global attention from Silicon Valley to Hangzhou, underscoring China’s emergence as a leader in artificial intelligence. This development was…
Mainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in hunt for better returns. The Shanghai Composite Index advanced 0.9 per cent to 3,728.03 at the close, a level not seen since August 19,…
New Delhi, The US, Bangladesh, the UK, Australia and Canada were the top five source countries for Foreign Tourist Arrivals in India in the last five years, according to data shared by the government. US, Bangladesh, UK top list for tourist arrivals in India in last 5 years: Govt Union Culture Minister Gajendra Singh Shekhawat…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. EU envoys mull skipping China military parade over Putin’s attendance: sources European envoys in Beijing are discussing plans to skip China’s massive military parade next month after considering the…