Hong Kong’s benchmark Hang Seng Index slumped 2.7 per cent; the Shanghai Composite Index lost about 0.5 per cent.
BoC confiscates ‘smuggled’ sugar
SUBIC BAY FREEPORT: The Bureau of Customs (BoC) Port of Subic on Wednesday, March 15, seized P86-million smuggled sugar from Hong Kong. The apprehension was made by the BoC Intelligence Group headed ...
BOC and DA joint operations yield smuggled sugar, fishery products
A joint operation between the Bureau of Customs (BOC) and Department of Agriculture (DA) has resulted in the seizure of P86 million worth of smuggled sugar from Hong Kong. In a separate joint ...
Bank Contagion Keeps Buyers Sidelined, Pinduoduo’s “Investment” Leaves Investors Wanting
Asian equities were all lower as financial contagion fears kept buyers on the sidelines despite the weekend announcement around Credit Suisse and UBS.
HSBC Slumps in Hong Kong as AT1 Debt Selloff Weighs on Banks
Shares of European banks traded in Asia tumbled Monday, as investors weighed a collapse in the value of additional tier 1 bonds issued by lenders following the terms of the Credit Suisse Group AG’s ...
Hong Kong: Stocks hit 3-month low on bank contagion fears; China ends down
HONG Kong shares dropped to a three-month low on Monday (Mar 20), led by banking stocks, as a government-orchestrated acquisition of Credit Suisse by UBS failed to ease market concerns of risk ...
HSBC to pilot weekend opening at three branches
HSBC said on Monday that it would start opening three of its branches at weekends to cope with a surge in customers from outside Hong Kong since ...
Hong Kong Stocks End With Big Losses
Hong Kong stocks closed sharply lower on Monday as banks were hammered by worries over the sector, even as UBS took over troubled Credit Suisse and central banks pledged to provide liquidity to the ...
Hong Kong Banking Shares Dip Amidst UBS’s Takeover Of Credit Suisse
Banking shares in Hong Kong tumbled in early trade on Monday, even as the city's monetary authority said the sector had "insignificant" exposure to troubled Swiss banking giant Credit Suisse.
Hong Kong stocks fall as bank contagion fears remain; China shares up
Please try again ** Hong Kong’s benchmark Hang Seng Index slumped 2.6% by the end of the morning ... turmoil in the bond market resulting from the collapse of Silicon Valley Bank, sending Asian shares ...
HSBC Tumbles in Hong Kong as AT1 Debt Selloff Weighs on Banks
HSBC Holdings Plc fell as much as 6.6% in Hong Kong trading, the biggest drop in nearly six months, with its newly issued AT1 bond declining more than 5 cents. Standard Chartered Plc slid as much as 5 ...
HSBC Shares Tumble in Hong Kong on Risky Bond Exposure Concerns
(Bloomberg) -- HSBC Holdings Plc led declines among financial stocks listed in Hong Kong as worries over risky bond exposures related to Credit Suisse Group AG spurred further risk-off sentiment. Most ...
Hong Kong banks dive, despite HKMA reassurance on Credit Suisse
Banking shares in Hong Kong tumbled in early trade on Monday, even as the city’s monetary authority said the sector had “insignificant” exposure ...
Japan, Singapore and Hong Kong downplay Credit Suisse fallout
Financial authorities in Asia have moved to downplay the local fallout of the turmoil at Credit Suisse, saying they do not expect the takeover of the troubled Swiss bank to affect the stability of ...