Hong Kong Financial News

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

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Stocks in Asia are mostly higher, boosted by moves by China to rev up its economy

BEIJING — China aims to stop the property slump, top leaders said Thursday in a readout of a high-level meeting published by state media.

A Hong Kong court is set to sentence two former Stand News editors in a landmark sedition case that is widely seen as an indicator of media freedom in a city once known as a beacon of press freedom in Asia

The Asian Development Bank says it expects developing economies in the region to grow at a 5% annual pace this year, up slightly from its earlier estimate of 4.9% growth

Two former top editors of Hong Kong’s defunct online media Stand News will learn their sentences Thursday after a landmark sedition verdict

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Subscribe to enjoy similar stories. Properties on the Peak, a rich neighbourhood in Hong Kong, are among the world’s most desirable. But nobody lives in Dragon Lodge, an Italianate mansion built in the 1920s.

Shares in Asia pushed higher on Wednesday, again led by gains in China, after U.S. stocks climbed to more records in a quiet day of trading

U.S. stocks drifted to more records in a quiet day of trading

Pan Gongsheng unleashed one of the country’s most daring policy campaigns in decades. In what amounts to a massive adrenaline shot for an economy on the cusp of a deflationary spiral, the governor of the People’s Bank of China and other top financial officials unveiled a series of easing measures that market watchers had wanted for weeks at a rare, high-level press conference on Tuesday in Beijing. They include interest rate cuts, more cash for banks, bigger incentives to buy homes and plans to consider a stock stabilization fund. Markets on the mainland and in Hong Kong soared, with the CSI 300 Index — a benchmark of onshore Chinese stocks — posting its biggest gain since July 2020. US equity futures advanced and European stocks climbed on the back of sectors with heavy exposure to China, including manufacturers of automobiles and luxury goods.

China has rolled out a raft of measures aimed at countering a prolonged downturn in its property market that is dragging on the world's second largest economy

A Hong Kong-based airline has banned two passengers from ever flying with them again, after a fight broke out over a reclined seat and descended into xenophobic insults and harassment.

property sector. People's Bank of China Gov. Pan Gongsheng said the reserve requirement for banks would be cut by 0.5 percentage points and that the central bank would follow up with further cuts. That would free up more money for lending.

Asian stocks have surged, with Japan’s Nikkei 225 index leading gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates

Markets in Europe and Asia have shot higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates

Hong Kong's air safety authority has found that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that forced a Zurich-bound flight to return to Hong Kong could have caused “extensive damage” to the aircraft

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

US Federal Reserve's interest rate decision today, Asian equities were mixed overnight on light volumes and a declining US dollar. For the Mid-Autumn Festival in Hong Kong and Chuseok, or Thanksgiving Day, in South Korea, there were closures. Banks, energy, insurance, and electric car companies led the stronger mainland mega capitalization equities. While BYD finished higher by +1.35%, CATL gained +1.58%. The consumer purchase subsidies gained by home appliance companies Midea, Haier, and Gree were +2.74%, +3.28%, and +3.26%, respectively. Based on above-average volumes, the National Team appeared active in their large and mega-cap equity ETFs, which contributed to the weakness of mid-and small-cap stocks. Also Read :Daylight saving time 2024: Date, rules, when is it ending?

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.