Hong Kong Financial News

21.04 / 08:01

markets Ethereum ETH Platform security Experts stage Ethereum’s Struggle Below $3,000 Turns Focus to Pushd’s Stage 6 E-Commerce Presale, Setting New Market Standards

Ethereum was all set to pump thanks to Hong Kong’s spot ETH approval. However, it was cut short due to the tension surrounding the Iran-Israel conflict. Experts still believe that once the smoke blows away, Ethereum will pump in value as the news of its spot approval goes viral.

20.04 / 19:09

MET Manufacturing security Apple WhatsApp TikTok social Apple pulls WhatsApp and Threads from App Store on Beijing's orders

Apple says it has removed Meta’s WhatsApp messaging app and its Threads social media app from the App Store in China on Beijing’s orders

19.04 / 22:50

Provident Binance Digital Platform security Trade HashKey HashKey Exchange Suspends Binance Deposits and Withdrawals Citing Policy Adjustments

HashKey Exchange, a licensed exchange based in Hong Kong, has announced the temporary suspension of digital asset deposits and withdrawals to and from Binance .

19.04 / 20:38

Google Action stage Videos Investigations play Google sues crypto scammers using Play Store to lure victims

The two app developers based in China and Hong Kong were accused by Google for uploading 87 false apps and tricking over 100,000 people to download them since 2019. Google estimates that victims lost between $100 to tens of thousands of dollars each.

19.04 / 09:19

Waves Target Manufacturing country Department Iran targeted with sanctions, export controls after attack on Israel

The U.S. has hit Iran with a new wave of sanctions and export controls in response to the country’s recent air attack on Israel, a move aimed at grounding Iran’s drone program and pinching its national revenue. The U.S.

19.04 / 08:21

markets UPS Nikkei Trade electronic reports Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flare

Asian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights

19.04 / 05:59

markets UPS Nikkei Trade electronic reports Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare

Asian stocks have tumbled, with Japan’s Nikkei slumping 3.5% on heavy selling of semiconductor-related shares and other market heavyweights

18.04 / 03:57

markets asset Demand equity Hong Kong gives initial approval to first bitcoin, ether spot ETFs, say funds

At least three offshore Chinese asset managers will launch the virtual asset spot ETFs soon.

18.04 / 01:55

markets DOW Nikkei wellness Trade President recommendations Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US Treasury yields to oil prices

Sensex declined 456.10 points, or 0.62%, to close at 72,943.68, while the Nifty 50 dropped 124.60 points, or 0.56%, to settle at 22,147.90. The Indian stock market was closed on Wednesday on account of Ram Navami. “Investors are fearing that the ongoing conflict could fuel buoyancy in crude oil prices and in turn weigh on inflation.

17.04 / 16:23

markets BTC FIVE CoinMarketCap Trade Bitcoin reports Bitcoin falls 8% in five days; here are 4 reasons behind the plunge

Bitcoin tumbles nearly 8%, settling at $63,000 from March-April highs amid the Israel-Iran crisis Over the past 24 hours, the global cryptocurrency market experienced a 4.1% decrease, reaching approximately $2.29 trillion in market capitalization. Presently, the total volume within the DeFi sector stands at $9.35 billion, accounting for 7.92% of the entire cryptocurrency market's 24-hour trading volume. Meanwhile, the collective volume of stablecoins amounts to $110.24 billion, constituting 93.37% of the total 24-hour trading volume in the cryptocurrency market, as reported by CoinMarketCap.

17.04 / 06:31

markets UPS Compilation economy Citigroup show reports Morgan Stanley cuts dozens of investment banking jobs in China and Hong Kong : Sources

Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific, three sources said, becoming the latest among global banks to scale back operations in the region mainly due to a slump in China markets. The layoffs affect around 13% of the Wall Street bank's Asia investment banking workforce of 400 in the region, according to one of the sources.

17.04 / 03:57

markets Action MSCI Nikkei War show International Asian shares mixed as Fed's Powell rethinks rate cuts, yields jump

Asian shares were mixed on Wednesday as the world's most powerful central banker had a change of heart on U.S. rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady at 154.62 per dollar as the risk of government intervention loomed, although so far there has been no action from Tokyo apart from verbal warnings.

16.04 / 16:07

markets UPS Enterprise Healthcare performer country Our India deal pipeline for 2024 is $5 bn, volumes have ramped up unprecedently: Jean Salata, EQT Chairman

EQT. That in turn is translating to unprecedented deal volumes. “It's one of the most active deal pipelines we've ever had here,” said Jean Salata, Chairperson EQT Asia. “We're looking at deals worth $5 billion that could close before the end of this calendar year. It's really, it's really ramped up. A single deal we are looking at is $2. 5 billion, and there's several others that are sort of in the $1 billion range.” India has been the single largest geography for the firm’s Asian investment programme by far, representing about 40% of the total portfolio, Salata said. It’s also the strongest performing geography.

16.04 / 12:09

markets Digital Bitcoin news ETF Trade Bitcoin Bitcoin Price Prediction: BTC Drops to $62,900 as Market Eyes Upcoming Halving and ETF Approval

In this latest Bitcoin price prediction, the cryptocurrency is trading at $62,900, a slight decrease of around 0.65%. Recent developments, including the conditional approval of Bitcoin and Ether ETFs in Hong Kong and escalating Middle East tensions, influence market dynamics.

16.04 / 10:34

markets UPS economy Trade show track reports Stock market today: World shares track slump on Wall St triggered by strong US spending data

Shares have skidded in Europe and Asia following a slump on Wall Street after a report showed American shoppers spent more at retailers last month than expected

16.04 / 10:33

UPS economy pandemic show reports China's economy grew 5.3% in first quarter, beating expectations

China’s economy beat expectations in the first quarter of the year with help from policies and stronger demand

16.04 / 10:33

markets UPS economy Trade reports International Stock market today: Asian shares track Wall Street slump triggered by strong US spending data

Asian shares have skidded following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks

16.04 / 01:01

markets Dash Research Trade West Asia tensions give Dalal Street a headache

stock gauges, led by banking and financial shares, slumped more than 1% each Monday on mounting concerns of an escalation in the West Asia conflict, while likely central bank intervention in the currency markets cushioned the rupee's fall, but couldn't prevent a record closing low for the unit. Benign inflation prospects on a lower-than-expected rise in oil prices kept bond yields steady. The Nifty fell 246.9 points, or 1.1%, to 22,272.50. The Sensex declined 845.12 points, or 1.14%, to 73,399.78 in a volatile trading session that saw mixed responses across the Asia-Pacific to this weekend's Iranian drone attacks on Israel. China advanced 1.26%, Hong Kong fell 0.73%, South Korea declined 0.42%, and Taiwan dropped 1.38%.

15.04 / 15:41

markets Tesla Nikkei show reports World markets today: US stocks rebound amid Middle East tensions

ALSO READ: Wall Street week ahead: Investors to focus on US economic data, key earnings Iran had launched the attack after a suspected Israeli strike on its embassy compound in Syria on April 1 that killed top Revolutionary Guards commanders. Investors’ sentiments were also boosted by positive economic data. A report showed that US retail sales rose 0.7 per cent in March.

15.04 / 10:17

markets Provident Digital ETF security wellness Bitcoin Cryptos gain as Hong Kong greenlights bitcoin, ether ETFs

Hong Kong gave conditional approvals for asset managers to start spot-Bitcoin and Ether exchange-traded funds, the firms said, a development that boosted both tokens and the wider crypto market.

15.04 / 08:51

Bitcoin Etf Etherem Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs as Market Rebounds

Hong Kong Securities and Futures Commission (SFC) has just approved first spot Bitcoin and Ethereum exchange-traded funds (ETFs).

latest developments in Hong Kong

What is the current situation in Hong Kong?

In Hong Kong, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about Hong Kong?

We publish in-depth coverage about the situation in Hong Kong, based on information from regional journalists.

What shapes the media agenda in Hong Kong?

The news landscape of Hong Kong is shaped by major cultural and social events, reflecting its specific characteristics.