Hong Kong Financial News

Hong Kong Securities and Futures Commission (SFC) has approved three spot Bitcoin and Ethereum exchange-traded funds (ETFs) that will start trading on April 30.

Day trading stocks to buy today: Following weakness in the Asian stock market, the Indian stock market opened lower on Thursday, ending its four-day winning streak that started last Friday. The Nifty 50 index is down by nearly 60 points, the BSE Sensex is down by over 200 points whereas the Bank Nifty today is down by nearly 170 points. Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern about whether the industry that has powered the bull market in equities has run too far.

Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo. A 15% dive in shares of Meta in extended trading after the Instagram parent forecast lighter-than-expected current quarter revenue and higher expenses soured the mood, sparking a sell-off in U.S. tech and tech-related stocks.

Australia achieved a new milestone by becoming the third-largest host for Bitcoin ATMs, joining the United States and Canada as the countries with over 1,000 active crypto-fiat machines, according to April 24 data from Coin ATM Radar.

Sensex gained 114.49 points, or 0.16%, to close at 73,852.94, while the Nifty 50 settled 34.40 points, or 0.15%, higher at 22,402.40. “We expect this bullish momentum to continue in the markets. Further, a sharp decline in India’s VIX amid the start of elections indicates lower market volatility in the near term.

Singapore and Hong Kong. ETO is a pesticide classified as a carcinogen. The move follows a ban imposed by the two countries on certain spices exported by Indian brands MDH and Everest. Singapore and Hong Kong have alleged the presence of ETO in certain spices exported by the two companies. The government also said spice consignments to other countries will also be strictly monitored for the presence of ETO.

spot bitcoin and ether exchange traded funds aim to start trading on April 30, three asset managers that provide the products said on Wednesday. The financial hub is set to be Asia's first to accept cryptocurrency products as a mainstream investment tool, and the products have also received official regulatory approval from the Securities and Futures Commission, according to the Hong Kong markets watchdog's website.

Hong Kong is gearing up to launch its much-anticipated spot  Bitcoin  and  Ethereum  exchange-traded funds (ETFs) by the end of April. 

Hong Kong’s stock market used to be the world’s top equity fundraising venue. Not anymore: In the number one spot as recently as 2019, it didn’t even break the top five in 2023 according to Dealogic. But the market is up 6% this week, its best performance this year, in the wake of proposed regulatory changes.

Asian shares have opened higher, led by an over 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a second straight day Tuesday, blunting the blow of what’s been a rough April

Sensex gained 89.83 points, or 0.12%, to close at 73,738.45, while the Nifty 50 settled 31.60 points, or 0.14%, higher at 22,368.00. “The domestic market exhibited range-bound performance, tracking positive global cues with sustained outperformance of the broader market. While tensions between Iran and Israel were perceived to have limited escalation, the uptick in crude prices suggests investors’ reassessing the risks.

PTI's report citing an official, the commerce ministry has sought technical details, analytical reports and the details of the exporters whose consignments have been rejected. Details from Singapore Food Agency and Centre for Food Safety, and Food and Environmental Hygiene Department, Hong Kong have also been sought, the official said.

The Hong Kong Securities & Futures Professionals Association (HKSFPA) advocated establishing a self-regulatory committee within the city’s crypto firms to enhance compliance monitoring on April 22.

There have been many things going on in the crypto community recently, with Bitcoin and Ethereum spot ETFs getting approved in Hong Kong and the Bitcoin halving about to happen very soon. All these factors have driven a lot of volatility in the market. Also, after the mini bull run, we saw the crypto market in a bearish trend. All these factors have made investors seek new opportunities in the market.

India, the world's largest producer, consumer and exporter of spices, has sought details from food safety regulators of Singapore and Hong Kong, which has banned certain spices of Indian brands MDH and Everest due to quality concerns. The commerce ministry has also directed Indian embassies in both Singapore and Hong Kong to send a detailed report on the matter. The ministry has also sought details from the Indian firms — MDH and Everest, whose products have been banned for allegedly containing pesticide 'ethylene oxide' beyond permissible limits. «Details have been sought from the companies. Root cause of the rejection and corrective actions will be determined along with the exporters concerned,» a commerce ministry official said.

Ayodhya grew 585 per cent in 2023 as compared to 2022. It was followed by a 359 per cent jump for Ujjain and 343 per cent rise in searches for Badrinath. It also highlighted that from Delhi, the top searched destinations were Rishikesh and Amritsar.

Asian benchmarks extend gains after U.S. stocks claw back some of their losses from last week

also initiated quality checks on Everest products on April 22. Also Read | Do MDH, Everest masala cause cancer? Why have Hong Kong, Singapore banned some Indian spices? Explained "Exports are cleared only after receiving necessary clearances and approval from the laboratories of the Spice Board of India. Singapore held only one of 60 Everest products for examination," company director Rajiv Shah said.

cryptocurrency completed its «halving» on the weekend, a phenomenon that happens roughly every four years and aims to reduce the rate at which bitcoins are created. Meanwhile, Ethereum, the second-largest cryptocurrency, experienced a rise of over 1.4% to $3,232. Altcoins like BNB, Solana, Avalanche, Polkadot, and Chainlink saw significant gains ranging from 2% to 6%. In contrast, Dogecoin, Toncoin, Shiba Inu, and Polygon faced declines of up to 1%.

NEW DELHI : India's top food regulator, the Food Safety and Standards Authority of India (FSSAI), will conduct sampling of major spice and infant nutrition brands in India, a senior government official said requesting anonymity. The move follows two separate reports of alleged food violations by brands in spices and infant nutrition categories. FSSAI has deployed state food commissioners and issued orders for samples of major spice brands to be taken from their manufacturing units pan-India, the official said.

Ashwini Ponnappa is 34, and Tanisha Crasto is 20. With an age difference of over 13 years, many had expressed scepticism when they decided to team up last year. The Paris 2024 Olympic Games were just a year away, making qualification a challenge, if not impossible. “We had to play the challengers, so you can imagine how far the Olympic qualification was,” said 34-year old Ashwini. The fact that they duly overcame the challenge to earn the chance of representing India at the Paris Olympics in women’s doubles still gives Tanisha “goosebumps”. But before moving forward, let’s see where and how it all began.