The US Federal Reserve did not surprise at all in raising rates by a quarter point.With the Hong Kong dollar remaining strong, local rates stayed put, so the Hang Seng Index fell below 22,000.But the drop does not mean rates are not linked to stocks in the ... ( read original story ...)
Sensex, Nifty trading higher as IT stocks rise on strong dollar post Fed rate hike
Hong Kong's Hang Seng fell 1.7 percent to 22,074.16 and Australia's S&P ASX 200 dropped 1.1 percent to 5,5,26. 30. South Korea's Kospi lost 0.4 percent to 2,030.80 and the Shanghai Composite index fell 0.3 percent to 3,131.67. US markets Stocks had their ... ( read original story ...)
Weak tech, bank stocks pull indexes back from record highs
Bank of America fell 50 cents ... In foreign stock markets, Japan’s Nikkei 225 gained 0.7 percent, South Korea’s Kospi rose 0.3 percent and Hong Kong’s Hang Seng fell 0.2 percent. In Europe, Germany’s DAX rose 0.3 percent, France’s CAC 40 ... ( read original story ...)
Dow ends flat, 157 points short of 20,000
The Fed’s move now shifts the focus from central bank policy to economic growth as the driver ... South Korea’s Kospi added 0.3% and Hong Kong’s Hang Seng gave up the day’s gains in the final hour to close 0.2% lower. the Shanghai Composite Index ... ( read original story ...)
Asian shares muted, dollar climbs as rate outlook sinks in
South Korea’s Kospi added 0.3 percent to 2,042.71 and Hong Kong’s Hang Seng edged up 0.2 percent to 22,108.20 ... The Fed’s move now shifts focus from central bank policy to economic growth as the driver of stock market performance. ( read original story ...)
No big surprise if Hong Kong’s top mainland official away from public view to assess chief executive hopefuls
When Beijing’s top man in Hong Kong “disappeared” from public view for days without ... A recent commentary by the official Xinhua News Agency urged the US “to coordinate with other major economies on macro policies”. For Tsang and his supporters ... ( read original story ...)
January Asian Financial Forum to Analyse Economic Outlook
The 10th Asian Financial Forum (AFF), jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), will be held on 16 and 17 January at the Hong Kong Convention and Exhibition ... ( read original story ...)
Chinese Buying Insurance in Hong Kong Said to Face Further Curbs
Chinese residents buying insurance in Hong Kong will no longer be able to swipe their credit cards multiple times to get around previously imposed curbs intended to slow sales, according to people with knowledge of the matter. Purchases of insurance in ... ( read original story ...)
Hong Kong credentials get temporary face-lift from beauty-app Meitu’s $629m IPO
Hong Kong has modestly burnished its financial-center credentials with beauty-app Meitu's $629 million listing, the biggest tech deal in a decade. Other Chinese entrepreneurs are watching intently. But Hong Kong's lackluster aftermarket may still send ... ( read original story ...)
Nine big changes that hit Hong Kong banking jobs in 2016
We look back on some of the most significant trends affecting banking careers in Hong Kong this year. http://news.efinancialcareers.com/hk-en/268033/hong-kong-tech-skill-shortage-stan-chart-cio/ It’s been a year to endure rather than enjoy in Hong Kong ... ( read original story ...)
Hong Kong Airlines: business class for premium economy prices?
Hong Kong Airlines, the Chek Lap Kok-based member of the Hainan Airlines family, launched longhaul flights to Auckland in early November, and four weeks later I tried out their cheap business class to see how it was bedding in. Booking five months out, I ... ( read original story ...)
Hong Kong’s shop cats immortalised in new photography book from Sai Ying Pun photographer Marcel Heijnen
The whimsical life of Hong Kong’s shop cats is showcased in a new book by a Dutch photographer after his portraits gathered thousands of fans worldwide on Instagram. Marcel Heijnen’s book includes scores of portraits of the city’s felines keeping ... ( read original story ...)
Hong Kong shops struggling to make cash tills ring as Christmas nears on fewer mainland tourists and online competition, analysts say
Hong Kong’s retailers are facing an uphill battle to entice customers into their stores a week before Christmas in the final present buying rush, consumer analysts have said. The local retail market has been plagued by a dip in sales this year ... ( read original story ...)
Hong Kong is preparing to choose a new leader
CHIEF executives of Hong Kong have never basked in public adoration. The first one under Chinese rule, Tung Chee-hwa, resigned after a massive public outcry against his policies. The second, Donald Tsang, ended his term with allegations swirling around him ... ( read original story ...)