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Posted on 03/10/2023

Hong Kong stocks sink most in three months amid China property woes, US rate worries

They were up 16% to trade at 37 Hong Kong cents (4.7 US cents), only 1% of the value of its peak price in October 2017. The stock of Evergrande Property Services also resumed trading, down 1.7% to 58 ...

Posted on 03/10/2023

Shares of China Evergrande and its property unit jump in Hong Kong as they resume trading after confirming chairman is under police control

Evergrande shares surged as much as 42.2 per cent to 46 Hong Kong cents in early Tuesday trade, while shares of the company’s Evergrande Property Services unit rose as much as 14 per cent to 67 Hong ...

Posted on 03/10/2023

China’s Evergrande Resumes Hong Kong Trading

Heavily indebted Chinese property giant Evergrande resumed trading in Hong Kong on Tuesday, according to a statement on the stock exchange's website.

Posted on 03/10/2023

Scrapping Hong Kong property curbs would be welcomed, but not sufficient to fix what ails the flagging sector: analysts

Any government rollback of property cooling measures is likely to boost home sales in Hong Kong, but even completely scrapping the measures would not be enough to revive a market that is grappling ...

Posted on 03/10/2023

China Evergrande soars after property developer’s stocks resume trading

HONG KONG (AP) — Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares ...

Posted on 03/10/2023

Hong Kong’s Hang Seng falls nearly 3%; Japan’s Nikkei is 1.5% lower on Fed rate hike jitters

Asian shares fell on Tuesday, with Japan's Nikkei, Hong Kong's Hang Seng Index and Australia's S&P/ASX 200 Index falling anywhere between 1% to 3%. The initial optimistic market reaction led by a deal ...

Posted on 03/10/2023

China Stocks in Hong Kong Drop Most Since July as Market Reopens

Story continues On a net basis, mainland traders bought shares listed in Hong Kong via trading links during all but three sessions in September, according to data compiled by Bloomberg. Southbound ...

Posted on 03/10/2023

Hong Kong’s John Lee says city has to ‘face trend’ of resident outflow during holidays, shore up tourism strengths

Chief executive declares 'Night Vibes' campaign a success and having achieved desired visitor footfall and capital Immigration data shows net outflow of people over long weekend Hong Kong has to "face ...

Posted on 03/10/2023

Hong Kong’s recent graduates ‘earning 9.8% more than peers did 5 years ago’

Scholar says employers could be paying more to plug talent gaps amid brain drain, but warns graduates’ good fortune unlikely to last as overseas competition rises.

Posted on 03/10/2023

University of Hong Kong president requests legal representation in special meeting with governing council over ‘extremely serious allegations’

HKU vice-chancellor Xiang Zhang in statement hits out at ‘rumour-mongers’ and those he says are personally targeting him and school.

Posted on 03/10/2023

Hong Kong stocks fall 3%, leading wider Asia-Pacific losses ahead of RBA rate decision

Hong Kong stocks fell over 3%, leading wider losses in the region ahead of a rate decision by the Reserve Bank of Australia.

Posted on 03/10/2023

Climate change: why Hong Kong-listed firms have to ensure ‘just transition’ sustainability plans

Just transition, or practices for mitigating and adapting to climate change without sacrificing key stakeholders’ interests, is a topic that Hong Kong-listed companies have to confront, expert says.

Posted on 03/10/2023

‘People are scared of Japanese seafood’: Hong Kong restaurants bear brunt of imports ban following Fukushima waste water row

Questions over discharged waste water leave eateries struggling to persuade patrons to return Mainland China, Hong Kong and Macau are the only three economies to impose bans on Japanese seafood ...

Posted on 03/10/2023

Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

Hong Kong’s retail industry will need more time to match its best year from a decade ago, according to the Wharf group. ‘I’m sanguine about the immediate future,’ chairman Stephen Ng says in an ...

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