Hong Kong Financial News

12.07 / 01:55

UPS NASDAQ NIFTY TCS VIX GIFT Nifty down 10 points; here's what changed for market while you were sleeping

TCS and HCL Tech, which are set to announce their results later today. «Going forward, we expect the positive momentum to continue on the back of healthy earnings, consistent FII inflows, and improving monsoon,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19100 to 19700 zones while an immediate trading range in between 19300 to 19550 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 9 points, or 0.05 per cent, lower at 19,528, signaling that Dalal Street was headed for muted start on Wednesday.

11.07 / 21:01

UPS Provident COMPOSITE DAX Nikkei US stocks Global markets update: US stocks climb ahead of inflation

US Federal Reserve was nearing the end of its interest rate hiking cycle. The pan-European STOXX 600 ended 0.7% higher. Irish stocks jumped 2.1%, boosted by gains in Kingspan which climbed 15.7% after forecasting record profit for the first half of the year.

11.07 / 18:29

Reuters Amazon Manufacturing Nike Adidas lawmakers Bipartisan lawmakers question Milwaukee Tool on alleged forced labor in supply chain

By Katherine Masters

11.07 / 15:21

Stablecoin SEC G20 Legal Bitcoin Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down

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

11.07 / 11:59

Adoption regulation PwC Self Custody Crypto custody market reached $448 billion in 2022: Report

The digital asset industry reached over $3 trillion at its peak in November 2021. However, the custodial part of the market remained at the more modest mark of $447.9 billion in 2022.

11.07 / 11:59

Blockchain Stablecoin CBDC Adoption regulation Usd Coin China could benefit from yuan stablecoin over its CBDC - Circle CEO

China has long since closed its doors to decentralized cryptocurrencies, but Circle CEO Jeremy Allaire believes that stablecoins could play a role in the proliferation of China’s digital yuan.

11.07 / 09:37

Target DOW COMPOSITE Nikkei KOSPI rate hikes Stock market today: Asian shares rise ahead of a US inflation update on hopes for easing rate hikes

Asian stock markets followed Wall Street higher Tuesday ahead of an update on U.S. consumer prices that traders hope will show inflation is easing, reducing the need for more interest rate hikes

11.07 / 09:37

Citi Waters Action Southern Hong Kong will ban more products from Japan if treated wastewater is discharged, its leader says

Hong Kong leader John Lee says the city will ban marine products from “a large number prefectures” if Japan discharges treated radioactive wastewater into the sea

11.07 / 06:43

Provident Landmark PwC Tencent NetEase audit US renews audit inspections of Chinese firms

US audit officials have started a fresh round of inspections of New York-listed Chinese companies in recent weeks amid simmering tensions between the world’s two largest economies.

11.07 / 05:29

UPS Tencent Baidu KOSPI Asian stocks Asian stocks surge as markets bet on peak Fed rates, China stimulus

Investing.com — Most Asian stocks rose sharply on Tuesday amid expectations that the Federal Reserve was close to concluding its rate hike cycle for the year, while the prospect of more stimulus measures from China also aided sentiment.

11.07 / 05:29

UPS Manufacturing Tencent Baidu regulatory Chinese tech giants extend rally on regulatory relief, stimulus bets

Investing.com — Heavyweight Chinese technology stocks rose on Tuesday, extending a recent run of strong gains as traders bet on a clearer regulatory outlook for the sector, while expectations of more stimulus measures also aided sentiment.

11.07 / 02:45

UPS Provident ANZ MSCI Nikkei end Asian shares jump as investors eye end to Fed hikes, China stimulus

By Julie Zhu

11.07 / 02:29

Reuters Microsoft NASDAQ Apple NIFTY Indian Gift Nifty, Asian markets in the green amid gains on Wall Street: Check out key global cues for Indian stock market

US Federal Reserve to increase interest rates by 25 basis points this month. Meanwhile, several Fed officials said additional interest rate hikes are needed to bring down inflation that is still too high, but the end to the US central bank's current monetary policy tightening cycle is getting close, Reuters reported. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 11th July In Japan, Nikkei 225 gained 0.6% and the Topix rose 0.3%.

11.07 / 00:49

UPS DOW COMPOSITE US stocks inflation data Global markets update: US stocks up marginally as investors await inflation data

inflation data, due to be released on Wednesday. The S&P 500 gained 3.89 points, or 0.09%, at 4,402.84. The Dow Jones Industrial Average rose 167.86 points, or 0.5%, at 33,902.74.

10.07 / 10:55

AXY SUN NIFTY TCS SENSEX Sensex ends volatile trade 64 points higher; Nifty above 19,350

Reliance Industries. The 30-share BSE benchmark Sensex rose 64 points or 0.10% to settle at 65,344. The broader NSE Nifty surged 24 points or 0.12% to end at 19,356.

10.07 / 09:53

Adoption Jobs Crypto License Recruiters: Hong Kong's Crypto License Craze Hasn't Translated into Job Opportunities

Despite excitement surrounding Hong Kong's new crypto licensing regime, the city-state has yet to see a surge in new job oppurtunities.

10.07 / 09:51

IPO fall China IPO applications fall by third in first half of 2023

Chinese exchanges, which vet initial public offering (IPO) plans, accepted around 330 new applications during the period, down from more than 500 a year earlier, exchange data shows. Although Beijing has adopted a registration-based system designed to let the market decide which companies list, bankers have said that the process largely remains at the discretion of authorities, using unwritten rules to decide on the grounds of national security or industrial policies.

10.07 / 09:43

UPS NASDAQ Bayer RIO week China data, US inflation stats in focus as new week starts

US equity futures fell and European stocks wavered at the start of a week in which inflation and interest rates will be in focus after soft price data raised fresh worries about China’s economic recovery.

10.07 / 08:27

Disney CEO DNA Sony DISH What next for Punit Goenka at Zee as SEBI ruling is upheld?

Securities Appellate Tribunal (SAT) order on Monday that dismissed their appeal over a ban by the Securities and Exchange Board of India (Sebi) on holding board positions in publicly listed companies. In a 12 June order, Sebi had barred the father-son duo from boardrooms of listed companies over allegations of fund diversion. SAT has said it saw no reason to intervene in the matter. In the absence of a stay, legal experts said that Goenka, managing director and chief executive of ZEE, will have to step down unless an order from the Supreme Court says otherwise.

10.07 / 08:01

Disney CEO DNA Sony DISH Punit Goenka, Subhash Chandra likely to move Supreme Court after no relief from SAT

10.07 / 06:37

UPS IPO Provident Platform Tencent Alibaba, Tencent shares rise as investors bet China’s tech crackdown is over

Alibaba Group and Tencent shares rose in Hong Kong on Monday after China’s $984 million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country’s technology sector. Following the penalty on Friday, the Alibaba affiliate announced a share buyback that values the fintech at a 75% discount to the valuation touted in an abandoned initial public offering (IPO) plan, but is seen as providing liquidity and certainty to investors.

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