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Posted on 11/01/2024

Hong Kong stocks’ 7-day slump worst since August, while Shanghai index hits May 2020 low on Taiwan tensions

Local stocks are on a slippery slope, with the benchmark index heading for the longest slide since mid-August. Cross-strait tensions rise a notch as Taiwanese vote for a new president later this week.

Posted on 10/01/2024

Stock market today: World shares are mixed after a lackluster day on Wall St, but Tokyo jumps 2%

HONG KONG – World markets were mixed on Wednesday after a lackluster session on Wall Street, while Tokyo's benchmark hit its highest level since March 1990 as a weaker yen lifted stock prices of ...

Posted on 10/01/2024

Hong Kong stocks slide for seventh day as strategists cut targets on growth outlook while Taiwan tensions sap appetite

Local stocks are on a slippery slope, with the benchmark index heading for the longest slide since mid-August. Cross-strait tensions rise a notch as Taiwanese vote for a new president later this week.

Posted on 10/01/2024

A Hong Kong man is jailed 3 months for sedition for wearing a T-shirt with a protest slogan

A Hong Kong man was sentenced to three months in prison on sedition charges for wearing a T-shirt with a slogan printed on it. Chu Kai-pong, 26, pleaded guilty to two counts of sedition for the slogan ...

Posted on 10/01/2024

Sunak Condemns Hong Kong’s Trial of Free Speech ‘Champion’

UK Prime Minister Rishi Sunak condemned Hong Kong’s trial of Jimmy Lai as “politically motivated,” making him the only world leader so far to weigh in on the hearing that could see the former media ...

Posted on 10/01/2024

Chinese AI firm iFlyTek’s healthcare unit plans Hong Kong IPO, sparking hopes that spin-offs fuel a turnaround in slumping listings market

The potential initial public offering (IPO) could provide a boost to Hong Kong, which has seen a slump in listings ... offs of businesses from existing listed groups that have multiple business ...

Posted on 10/01/2024

Hong Kong’s Regal Hotels forges US$5 billion Saudi deal

The initiative is a significant step in strengthening business ties between Hong Kong and the Middle East. Hong Kong's Regal Hotels forges US$5 billion Saudi deal. Cosmopolitan International Holdings, ...

Posted on 10/01/2024

China’s Meituan lost $82 billion in market cap amid rising competition, slowdown in food delivery business

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan's market cap in 2023.

Posted on 10/01/2024

Hong Kong can tackle surging cases of Covid-19 and flu infections given city’s higher vaccination rates, health minister says

The city’s flu vaccination rate improved this year with more than 1.7 million doses given out since September, Secretary for Health Lo Chung-mau says.

Posted on 10/01/2024

Mainland ties crucial for HK as financial hub: HKU

Strengthening ties with the mainland is crucial for Hong Kong to maintain its position as an international financial centre, according to an ...

Posted on 10/01/2024

Jimmy Lai made major financial contributions to Hong Kong opposition and US political groups before national security law arrest, court hears

Prosecutors allege tycoon Jimmy Lai paid combined HK$5.7 million to ex-US official, Catholic leader Joseph Zen, opposition parties and others before arrest Ninth day of trial looks at funding ...

Posted on 10/01/2024

Hong Kong expected to return to global Top 5 in new IPOs in 2024: report

These developments will further fortify Hong Kong's position as one of the premier international financial centers in the world, the report noted.

Posted on 10/01/2024

China’s Meituan lost $82 billion in market cap on fears over rising competition, slowdown in food delivery business

Stiff competition and management warning of a slowdown have wiped $82 billion off Meituan's market cap in 2023.

Posted on 10/01/2024

Pro-democracy activist, 24, won’t be ‘silent’ after Hong Kong offers $1 million bounty for arrest

Nothing is going to change because of this bounty,” pro-democracy activist Frances Hui told The Post. “I am not going to comply and be silent.” ...

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