Hong Kong Financial News

Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said. That timeline would make Hong Kong Asia's first city to offer the popular ETFs and is much faster than industry expectations of launches sometime this year.

Hong Kong’s securities regulator aims to approve the first batch of Spot Bitcoin ETFs on April 15.

Asian stocks were muted as investors kept watch for possible intervention by Japanese authorities to stop the yen's decline and awaited U.S. inflation data later on Wednesday for clues to future interest rate moves. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2%, after U.S. stocks ended the previous session with mild gains. The index is up 0.2% so far this month.

Sensex fell 58.80 points, or 0.08%, to close at 74,683.70, while the Nifty 50 index settled 23.55 points, or 0.1%, lower at 22,642.75. “We expect the uptrend to continue amid healthy Q4 business updates and strong macro data. With the start of the result season, stock-specific action is likely to continue in the market.

Binance CEO Richard Teng stated that the exchange is in talks with a few different jurisdictions about selecting a new headquarters location, but has not made a choice as of publication.

Former Federal Reserve Bank of St. Louis President James Bullard said he’s expecting three interest-rate cuts this year as inflation moves toward the central bank’s target while the economy remains resilient.

Bain Capital has sold its Axis Bank stake at 1,071 rupees ($12.87) per share to raise $429 million, according to a source with direct knowledge of the matter. The source could not be identified due to the confidential nature of the information.

metals prices extended their gains on Tuesday with expectations of a worldwide manufacturing rebound, while Asian shares crept up a little more cautiously ahead of this week's U.S. inflation data and a crucial European Central Bank meeting. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%. Japan's Nikkei rose 0.6%.

Sensex surged 494.28 points, or 0.67%, to end at 74,742.50, while the Nifty 50 settled 152.60 points, or 0.68%, higher at 22,666.30. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 9 “After a stellar FY24, Indian equity markets continue to march higher into new territory. Hopes of a favourable outcome from the ensuing general elections and the subsequent policy thrust are keeping sentiments upbeat.

The global labour market is in the midst of a gradual but significant transformation. Driven by a dramatic collapse in birth rates, impeded globalization, changes in the capital intensity of growth, a preference shift towards fewer work hours, initial use cases of artificial intelligence (AI) and societal angst over immigration, labour market dislocations have already begun and are only about to go further out-of-whack with time. The manifestations and initial responses are different, country by country, but the meta phenomenon is a major upheaval in labour markets that will necessitate responses.

Investor interest in digital asset investment products remains strong as evidenced by the recent inflows into various digital asset investment products. 

Oil prices fell nearly 2% as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza, while gold prices slumped 1% after scaling record high on Friday as U.S. Treasury yields remain elevated.

Read here: Week Ahead: Inflation data, Q4 results, crude oil prices, global cues among key market triggers this week On Friday, the domestic equity indices ended flat after the Reserve Bank of India (RBI) announced its monetary policy in line with expectations. The central bank kept the key policy repo rate unchanged at 6.5% and maintained its policy stance as ‘withdrawal of accommodation’. The Sensex rose 20.59 points, or 0.03%, to close at 74,248.22, while the Nifty 50 settled flat at 22,513.70.

fish markets, you often see a vendor with a long fish with several diagonal cuts, but not detached from the spine. When she holds it up, the segments splay sideways like a fleshy Christmas decoration. This is karli or wolf herring (Chirocentrus dorab), a fish notorious for its twisty bones. “Everybody agrees that this is a deplorably bony fish, but many regard this disadvantage as outweighed by the good taste of the flesh,” writes Alan Davidson in his 'Seafood of South-East Asia'. This style of cutting helps slide the flesh off the bones. Davidson notes that in Hong Kong, it is used for fish balls. These are among a range of recipes where fish is deboned, usually mixed with a filler like breadcrumbs or mashed potato, and a binder like egg, and then fried, baked or poached.

Thomas Siebel tells Maria Bartiromo artificial intelligence is the most rapidly growing segment of the information technology industry that people have seen in four decades at the World Economic Forums annual meeting in Davos, Switzerland.

Hong Kong crypto adoption is taking another leap forward at ZA Bank, where executives are in talks to start providing direct banking services to several stablecoin issuers.

Stock market today: Sensex, Nifty 50 end flat after RBI policy decision; geopolitical tensions, crude oil prices weigh Ten out of the 11 primary S&P 500 sectors saw gains, with communication services leading the charge, up by 1.6 per cent. Krispy Kreme rose by 4.7 per cent following an upgrade by Piper Sandler, shifting its rating from "neutral" to "overweight". Shockwave Medical also saw an uptick of 1.8% after Johnson & Johnson's announcement of its acquisition for $12.5 billion.

Brisbane-based Monochrome Asset Management has announced it has moved its application for its flagship product the Monochrome Bitcoin exchange-traded fund (ETF) to be listed on the Cboe Australia.

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.

geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day. The threat of supply disruptions owing to a prolonged conflict in the Middle East kept Brent futures above $90 a barrel — a level not seen since last October. [O/R]

Catch RBI Monetary Policy 2024 LIVE Updates here On Thursday, the Indian stock market indices ended higher, snapping a two-day losing run, ahead of the RBI monetary policy decision. The Sensex gained 350.81 points, or 0.47%, to close at 74,227.63, while the Nifty 50 settled 80.00 points, or 0.36%, higher at 22,514.65. “Nifty has been consolidating in a narrow range at higher levels for the last few sessions, while broader markets have bounced back strongly, especially after a sharp recent correction.