Hong Kong stocks give up ground in early trade

Hong Kong stocks swung from gains to losses in early trading on Tuesday, as investors returned from the Easter holiday break. The Hang Seng Index opened slightly higher but soon reversed direction, tumbling 0.5 per cent or 111.81 points to 24,149.85 ... ( read original story ...)

Fiji win Hong Kong Sevens in style

Fiji beat South Africa 22-0 at the Cathay Pacific / HSBC Hong Kong Sevens and claimed their first tournament victory of the season. The Olympic Champions, unbeaten all weekend, scored four tries in the final as a weekend of pulsating rugby came to a ... ( read original story ...)

Hong Kong Bank Stocks Fall as Property Tax Loophole Closed

Shares in Hong Kong banks sagged in Wednesday trading after the city’s government brought in new measures to try and rein in runaway house prices. On Tuesday the financial hub’s leader Leung Chun-ying announced that local first-time buyers would be ... ( read original story ...)

Hong Kong fines Coutts bank for violating terrorist rules

Hong Kong — The Hong Kong Monetary Authority said on Tuesday it had ordered the local branch of private bank Coutts to pay a fine of HK$7m ($900,800) for breaching anti-money-laundering and counterterrorism rules. The authority said the move followed an ... ( read original story ...)