Hong Kong Financial News

31.08 / 07:23

UPS COMPOSITE Nikkei KOSPI show services Stock market today: Asian markets lower after Japanese factory activity and China services weaken

Asian stock markets are mostly lower after Japanese factory activity and Chinese service industry growth weakened

31.08 / 07:23

Provident CEO Racing Baidu chatbot China's Baidu makes AI chatbot Ernie Bot publicly available

Chinese search engine and artificial intelligence firm Baidu has made its ChatGPT-equivalent language model, Ernie Bot, fully available to the public

31.08 / 06:23

business regulation SEC Court Lawyer Courts Crypto may see second wind in the US as courts 'rein in the SEC' — Lawyer

There are hopes that the United States could see a new crypto resurgence after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates.

31.08 / 04:15

Reuters Southern Schools Warning Updates Super Typhoon Saola: Hong Kong issues cyclone warning; may disrupt trading, schools likely to remain shut. Top updates

Reuters. China Railway has suspended several major train lines and Shanghai halted trains heading to Guangdong, according to local media.

31.08 / 03:25

Citi Manufacturing MSCI Nikkei show country Asian shares set for worst month since Feb on China gloom

Asian shares were set for the worst month since February, with sentiment hurt by still-gloomy China factory activity, while investors were also cautious ahead of a barrage of U.S. data that could add to bets that interest rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1% but was still headed for a monthly loss of 5.9%, the largest since February.

31.08 / 01:37

UPS NASDAQ NIFTY SENSEX 5 things that changed for market overnight: Gift Nifty, US GDP among key global cues for Sensex today

Indian stock market is expected to open higher on Thursday amid positive global cues. Asian markets gained following overnight rally on Wall Street as weak US GDP data resurfaced expectations of a pause in interest rate hike by the US Federal Reserve. Meanwhile investors will watch for India’s April-June quarter GDP data set to be released later today.

31.08 / 00:53

COST UPS performer Country Garden warns of a possible default

Country Garden Holdings posted a record first-half loss of almost $7 billion and warned it may default on its debt, underscoring how China's deepening real estate slump has battered one of its former property giants. Country Garden said that if its financial performance continues to deteriorate, the group might not be able to fulfill its debt obligations, «which may result in default,» according to a filing Wednesday. The developer also cited «material uncertainties» that may cast «significant doubt on the group's ability to continue as a going concern.» The warnings highlight how China’s deepening real estate crisis has battered one of its property giants.

30.08 / 17:37

UPS Southern country Typhoon Saola heads towards China and Hong Kong: Preparedness and Uncertainty ahead of intensifying storm

Typhoon Saola, having pounded Taiwan with torrential rain and powerful winds, is now bearing down on China's southern coast and Hong Kong as it gains strength. The typhoon, recently upgraded to the status of a formidable typhoon, is projected to make landfall along China’s southern Guangdong province before approaching Hong Kong over the upcoming Friday and Saturday.

30.08 / 16:31

COST Manufacturing Covenant performer Country Garden warns of default risks, 'deeply remorseful' for record loss

By Clare Jim

30.08 / 15:13

Binance USDT Bitcoin Today in Crypto: Binance Japan to Offer 3x More Coins, HashKey Partners with imToken

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

30.08 / 11:05

UPS DOW DAX Nikkei Stock market today: Global shares mostly rise after Wall Street rally on consumer confidence

Global shares are mostly trading higher, boosted by a Wall Street rally that came on positive reports on consumer confidence and job openings

30.08 / 08:07

Ethereum regulation Bitcoin Bull run 2024 Hong Kong's first licensed retail crypto exchange HashKey eyes 2024 bull run

Hong Kong retail cryptocurrency traders now have access to a locally based cryptocurrency exchange after HashKey took its retail trading services live to users in China’s special administrative region on Aug. 28.

30.08 / 07:27

UPS COMPOSITE Nikkei KOSPI Stock market today: Asian shares boosted by Wall Street rise on consumer confidence and jobs

Asian shares are trading higher, boosted by a Wall Street rally that came on positive reports on consumer confidence and job openings

30.08 / 04:03

crypto regulation Swiss services Swiss Bank SEBA Gets in-principle Approval From Hong Kong Regulators to Offer Crypto Services

Crypto-friendly Swiss-based SEBA Bank has successfully obtained an approval-in-principle (AIP) from the Securities and Futures Commission (SFC) in Hong Kong, bringing it one step closer to offering crypto services in the region.

30.08 / 03:21

UPS Lowe's MSCI Nikkei Bitcoin show performer boost week Asian shares hit two-week high on Fed pause bets, China boost

dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten-down China stocks rose for a third straight day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.86% to a two-week top and is on a three-day winning streak.

30.08 / 02:07

UPS NASDAQ Tesla NIFTY VIX GIFT Nifty up 20 points; here's what changed for market while you were sleeping

"Market is moving in a range and we expect this trend to continue given the data-packed week and monthly derivatives expiry. Further, consistent selling by FIIs and poor monsoon in the month of August raised concern among investors, thus keeping the upside limited," said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded 18 points, or 0.09 per cent, higher at 19,529, signaling that Dalal Street was headed for positive start on Wednesday.

30.08 / 01:41

business Asia Banks banking Seba Bank services SEBA Bank secures in-principle nod for crypto services in Hong Kong

The Hong Kong arm of crypto-friendly Swiss bank SEBA Bank has received in-principle approval from the Hong Kong Securities and Futures Commission (SFC) allowing it to deal in virtual assets.

30.08 / 01:07

China measures evoke positive vibes in battered EMs

emerging-market assets eased on Tuesday as China continued to drip-feed its stimulus measures. The month-end optimism echoed in everything from a tech-stock rally in Hong Kong to firmer iron ore prices in Singapore and a stronger South African rand. Beyond the China-themed assets however, markets were muted with currencies trading within a range and stocks paring gains.

29.08 / 21:13

UPS COMPOSITE Nikkei Fed rate hike US stocks Global markets update: US stocks jump after dip in job openings raise hopes of pause in Fed rate hike

Real estate stocks added 1.4%. Asia In Asian stock markets, Hong Kong’s Hang Seng Index climbed 2% at 18,484.03. China's Shanghai Composite jumped 1.2% at 3,135.89.

29.08 / 18:55

Target Manufacturing Airlines Apple Southern Cathay Cathay Pacific cargo eyes Apple, Foxconn

NEW DELHI : Cathay Pacific Airways Ltd is targeting air freight contracts from large multinationals such as Apple Inc. and Foxconn that are expanding manufacturing in India, a top official at the Hong Kong-based airline said. “We are already significant carriers for these companies through their forwarders out of the southern part of China.

29.08 / 12:27

COST FIVE Fighting star jazz Philippines vs Italy: Live Streaming, app, TV, team news, roster of 2023 FIBA World Cup

2023 FIBA World Cup. The game will be held at the Smart Araneta Coliseum and will begin at 8:30 p.m. Philippines/Hong Kong time. It has been a mixed bag for Italy so far as they won their first game against Angola but lost to the Dominican Republic in the second game. But host Phillippines have lost both of their games in the 2023 FIBA World Cup.

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