Hong Kong Financial News

Subscribe to enjoy similar stories. Bearish forces have been unrelenting and the trends are unable to stage any recovery despite the best intentions. With the trends remaining challenged the road ahead is fraught with uncertainty.

Subscribe to enjoy similar stories. The U.S. government has tried to address the long decline in stock-exchange listings by relaxing the rules for small public companies.

Enforcement Directorate (ED) probing a money laundering and alleged forex violation case against Indian Premier League (IPL) founder Lalit Modi has recently sent a letter rogatory (LR) to Singapore and Hong Kong seeking details of the alleged money trail that the agency is investigating to trace the ultimate beneficiary, if any, sources in the know told ET. Between 2008 and 2010, Modi was the IPL chief before being sacked by BCCI after allegations of financial misconduct linked to alleged proxy ownership of the franchises surfaced.

Sean Parnell, chief Pentagon spokesman, said Friday that Hegseth will participate in the 2025 Central American Security Conference. He said Hegseth will take part in meetings that «will drive ongoing efforts to strengthen our partnerships with Panama and other Central American nations toward our shared vision for a peaceful and secure Western Hemisphere.» He did not mention the canal, which was built by the US in the early 1900s as it looked for ways to facilitate the transit of commercial and military vessels between its coasts. Washington turned control over to Panama on Dec. 31, 1999, under a treaty signed in 1977 by President Jimmy Carter. Trump has claimed that Carter «foolishly» gave the canal away. After Trump's threats, a Hong Kong-based conglomerate has agreed to sell its controlling stake in a subsidiary that operates ports near the Panama Canal to a consortium including BlackRock Inc., effectively putting the ports under American control. The deal will give the U.S. investment management company BlackRock Inc. control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the Panama Canal. Other ports are in Mexico, the Netherlands, Egypt, Australia, Pakistan and elsewhere.

Indian equities were swamped by a wave of selling that swept riskier assets globally on Friday, tracking Wall Street's overnight slump-the worst since 2020-in response to US President Donald Trump's reciprocal tariff regime that has led to fears about a global downturn. NSE Nifty fell 1.5%, or 345.65 points, to finish at 22,904.45. BSE Sensex dropped 1.2%, or 930.67 points, to 75,364.69. The slump wiped out ₹10 lakh crore in market value Friday.

Subscribe to enjoy similar stories. Mumbai: A spell of weakness in Asian markets spilled into Indian equities on Friday, sparking a sell-off that swept across sectors. Indian markets that averted a steep fall a day earlier plunged 1.5%, as fears of a US recession and its consequences grew.

Shares in Australia and Japan fell at the open. US equity-index futures were steady as trading kicked off in Asia after the S&P 500 declined 4.9% on Thursday and the Nasdaq 100 slumped 5.5%, the biggest drop since 2020 for each. The slump wiped out around $2.5 trillion from the US stock market. Oil sold off and the greenback extended its drop on Friday as yields on the 10-year US Treasury hovered around the 4% mark. Markets are closed in China and Hong Kong.

Auto and IT shares were the laggards, while power, pharma and consumption stocks remained steady.

Subscribe to enjoy similar stories. Mumbai: Indian equities, bonds and currency showed some resilience even as US president Donald Trump’s reciprocal tariffs sent global markets into a tailspin. Trump fired up global trade tensions by announcing a baseline 10% tariff on all imports starting 5 April, with additional reciprocal tariffs on specific countries from 9 April.

₹91,423 per 10 grams. As of 9.33 am, it was trading ₹600 or 0.66% higher at ₹91,328 on the MCX. The rally can be attributed to the risk off sentiment in the market following tariff announcements by US President Donald Trump's administration.

transnational repression" and acts that threaten to further erode the city's autonomy, drawing condemnation from the territory's government Tuesday. The six officials included Justice Secretary Paul Lam, security office director Dong Jingwei and police commissioner Raymond Siu. The sanctions are expected to further escalate tensions between Washington and Beijing, who are already locked in friction over trade tariffs and other issues like Taiwan. «Beijing and Hong Kong officials have used Hong Kong national security laws extraterritorially to intimidate, silence, and harass 19 pro-democracy activists who were forced to flee overseas, including a US citizen and four other US residents,» the US State Department said. The statement dated Monday said the six officials sanctioned were linked to entities or actions that engaged in coercing, arresting, detaining or imprisoning individuals under the authority of the city's security law, or implementing the law. The other three affected officials were Sonny Au, the secretary-general for the city's committee for safeguarding national security, and Dick Wong and Margaret Chiu, both assistant commissioners of the police.

The United States sanctioned six Chinese and Hong Kong officials who it alleged were involved in “transnational repression” and acts that threaten to further erode the southern Chinese city’s autonomy

Subscribe to enjoy similar stories. Global hotel brands are making a beeline for India, signing a flurry of deals with local property owners to expand in one of the world's fastest growing hospitality markets.

Indian equities ended the financial year to March 31 on a positive note, but gains were modest against the previous fiscal year and compared with many other global markets. A wave of selling pressure from foreigners in the second-half of April-March eroded most of the gains, pushing indices to multi-month lows and denting overall sentiment. India, the world’s fifth-largest equity market in value, lagged behind more than six major global markets, including Hong Kong, Singapore, Germany, China, the UK, Taiwan and the US as foreign investors turned bearish on India on account of slowing growth concerns and expensive share valuations.

Anahat Singh brushed aside Helen Tang of Hong Kong in the final to clinch the JSW Indian Open title here on Friday. This is the 17-year-old Anahat's sixth title on the bounce, and 11th in total, and she won it quite easily 3-0 (11-9, 11-5, 11-8). The win gave Anahat 300 ranking points. Anahat had Helen fighting hard in the other corner during the first set, but the Indian did enough to take a 1-0 lead. After that, the third seed Anahat began to dominate the Hong Kong woman, and rattled off the next couple of sets in 13 minutes. Anahat, who did not let her opponent settle down during the course of the summit clash, eventually won the final in 24 minutes. In the men's singles final, India's Abhay Singh fought well against Egyptian Kareem El Torkey but went down 1-3 (10-12, 4-11, 11-7, 10-12).

BEIJING — In the latest step toward building a revenue-generating robotaxi business, Chinese start-up Pony.ai said it has obtained China's first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen.

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Samvardhana Motherson International shed some of their morning losses after a favorable view from CLSA, which expects the company's shares to potentially double over the next three years. The comments were made in a note on Thursday, March 27, according to a CNBC-TV18 report.

Indian benchmark indices fell almost 1% on Wednesday, snapping their seven-day winning streak, as traders found the pace of the recent run-up in the market excessive. NSE's Nifty fell 181.8 points, or 0.77%, to close at 23,486. BSE's Sensex declined 728.6 points, or 0.93%, to end at 77,288.

Subscribe to enjoy similar stories. Chinese equities have been out of favor among many investors for the past few years. However, the tide appears to be turning, driven by strong corporate profits, enthusiasm over artificial intelligence and an apparent easing of regulatory pressure from Beijing.

The Asian financial center’s roadmap — an updated version was published last month — could serve as a blueprint for the US Securities and Exchange Commission, currently consulting the public to develop a “workable regulatory framework” for digital coins.