Shares of AMTD Digital have been skyrocketing this week, rising more than 125% on Tuesday as trading was halted several times for volatility, though the stock fell back to earth somewhat on Wednesday, ... ( read original story ...)
Everyday investors push shares of Hong Kong company AMTD 32,000% higher just two weeks after its IPO – is this Gamestop 2.0?
AMTD Digital made its stock market debut just two months ago, reported $25m in revenue last year and has just 51 employees. ( read original story ...)
How a little-known stock soared 21,000% to overtake Costco
A little-known Hong Kong-based company appears to have become the latest obsession of traders on the popular Reddit forum WallStreetBets, helping its stock shoot up 21,000% since its IPO less than a ... ( read original story ...)
Hong Kong Internet High In Advance Of Alibaba’s Results As Caixin Services PMI Exceeds Expectations
Defense stocks and semiconductors were two of the best performing sub-sectors in both Hong Kong and China as investors exhaled after putting on some hedges. Hong Kong was led higher by internet stocks ... ( read original story ...)
HSBC executives face off with Hong Kong shareholders in charm offensive to fend off calls to split city’s largest bank
High on shareholders’ minds is whether the London-based bank should continue to straddle the gulf between the East and the West, and how it can navigate the geopolitical minefield in deteriorating ... ( read original story ...)
Meme stock traders have a new favorite: Hong Kong’s AMTD Digital
The company's market capitalization surged above $450 billion in a 244% jump on Tuesday, reminding investors of the meme stock mania last year that drove record rallies in shares of companies ... ( read original story ...)
Salesforce shutters Hong Kong office, leans on Alibaba in China
Salesforce is repositioning itself in China as it looks to expand the reach of its customer relationship management software in the country. The company is “accelerating” its strategic partnership ... ( read original story ...)
Hong Kong’s Jumbo Floating Restaurant upside down and trapped on a reef as investigation continues
Vessel not a danger to sea traffic in area, according to duty officer at Hainan Maritime Safety Administration No word on when investigation will be completed or whether authorities will help recover ... ( read original story ...)
Hong Kong buyers shun investment in Greater Bay Area homes amid uncertainty over project completions, border reopening
Hongkongers’ demand for homes in the Greater Bay Area slumped by as much as 80 per cent in the first half, according to Andy Lee, CEO of Centaline China. ( read original story ...)
Hong Kong, mainland Chinese cities among worst performers in Savills index tracking home rent growth this year
Upmarket home rents in Hong Kong and Shenzhen declined in the year’s first half, bucking the global trend of increases among 30 cities tracked by property consultancy Savills. ( read original story ...)
Hong Kong ‘Captain America’ protester gets lighter sentence after appeal
A Hong Kong activist dubbed "Captain America 2.0" for wielding the superhero's shield during pro-democracy protests in 2019 had his jail sentence reduced to five years on Wednesday after winning an ... ( read original story ...)
Hong Kong protester ‘Captain America 2.0’ wins appeal against national security sentence, jail term reduced to 5 years
A Hong Kong protester jailed for nearly six years for inciting secession by chanting slogans has won his appeal against what he saw as an overly severe punishment under the Beijing-imposed national ... ( read original story ...)
SINOVAC COVID-19 Vaccine Approved for Use in Children Above 6 months of Age in Hong Kong
Sinovac Biotech Ltd. (“SINOVAC” or the “Company”) (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, announced that based on related clinical trials and studies of vaccination ... ( read original story ...)
Hong Kong police crack down on syndicate swindling government-backed pandemic relief scheme of HK$193 million
Police arrest 18 people in scam involving 35 companies, which applied for loans under scheme aimed at helping small and medium-sized enterprises Some were shell companies, others used falsified ... ( read original story ...)