Pacific stock indexes finished mixed for the week with the biggest gains coming out of Japan and Hong Kong. South Korea suffered the biggest loss after a strong start to the new year. China and ... ( read original story ...)
How will the European Central Bank react to longer lockdowns?
Extended Covid-19 lockdowns, the pace of vaccinations and the prospects for an economic recovery will be in focus when the European Central Bank holds its first rate-setting meeting of the year on ... ( read original story ...)
China’s yuan replaces US dollar as most used currency in Greater Bay Area: central bank
The yuan replaced the US dollar as the most used currency in transactions in the Greater Bay Area development zone, a local branch of the country’s central bank said. ( read original story ...)
Hong Kong government ‘strongly’ objects to U.S. congressional report
HONG KONG (Reuters) - The Hong Kong government said it “strongly ... through legislation is in line with international practice,” the government of the financial hub said in a statement late on Friday ... ( read original story ...)
ByteDance rival Kuaishou receives approval for $6.6b IPO in Hong Kong
HONG KONG • Kuaishou Technology, the main rival to ByteDance, has received approval from the Hong Kong Stock Exchange for an initial public offering of about US$5 billion (S$6.6 billion), according to ... ( read original story ...)
Xiaomi Takes $11 Billion Sanction Hit, Chinese Financials Pre-Announce Positive Earnings, Week In Review
Asian equity markets saw a bout of profit taking accompanied by higher volumes as South Korea and India underperformed. The US Department of Defense added Xiaomi and eight other companies to the list ... ( read original story ...)
Hong Kong Exodus Could Spur $36 Billion in Outflows: BofA
Hong Kong could see capital outflows of as much as $36 billion this year as residents leave the city for the U.K. in response to China’s sweeping security law, keeping the local dollar off the strong ... ( read original story ...)
Hong Kong shares end at near one-year high on robust mainland inflows
Jan 15 (Reuters) - Hong Kong stocks hit a near one-year closing high on Friday, posting their straight third weekly gains, buoyed by robust mainland inflows via the Stock Connect. ** The Hang Seng ... ( read original story ...)
Xiaomi slumps, Chinese banks rally as Hang Seng Index eyes best start in a decade
Hong Kong stocks are headed for a choppy end to the week as Xiaomi crashes on US sanctions. The benchmark index remains in positive zone, aided by a rally in shares of major Chinese banks. ( read original story ...)
Hong Kong Exodus Could Spur $36 Billion in Outflows, BofA Says
Hong Kong could see capital outflows of as much as $36 billion this year as residents leave the city for the U.K. in response to China’s sweeping security law, keeping the local dollar off the strong ... ( read original story ...)
BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Sees Large Decline in Short Interest
BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 4,800 shares, a decrease of 53.4% ... ( read original story ...)
HSBC Tells U.K. Customers: Mask Up or Have Your Account Canceled
The British-based bank said it reserves the right to terminate the accounts of those who don't comply with mask-wearing in UK branches. ( read original story ...)
ByteDance’s Chief Rival Wins HKEX Nod for $5 Billion IPO
Kuaishou Technology, the main rival to ByteDance Ltd., has received approval from the Hong Kong stock exchange for an initial public offering of about $5 billion, according to people familiar with the ... ( read original story ...)
Hang Seng Index flirts with pre-pandemic level on Alibaba, Tencent while China stocks extend slump from 2008 high
Alibaba, Tencent and other sanctioned Chinese stocks power gains in Hong Kong as the Hang Seng Index flirts with pre-pandemic high. Stocks in mainland China extend a slump from the highest level in 12 ... ( read original story ...)