Hong Kong Financial News

29.03 / 04:19

markets Target economy Remark show track reports Asian stocks Asian stocks rise to track gains on Wall Street

US stocks ended on a positive note amid expectations that the world’s biggest economy will be able to achieve a soft landing. Japanese, South Korean and mainland Chinese stocks also rose, with much of the region, including Australia, Hong Kong and Singapore closed for a public holiday.

29.03 / 03:35

markets WhatsApp Trade Mainland China stocks rise in early trade

Mainland China stocks rose after the open on Friday, adding to the healthy gains recorded a day earlier. In early trade, the Shanghai Composite Index gained 0.27 percent, or 8.26 points, to 3,018.92, while the Shenzhen Composite Index on China's second exchange climbed 0.4 percent, or 6.90 points, to 1,739.50.

29.03 / 03:35

DOW security Nikkei Trade Tokyo stocks rebound after US records

record highs on Wall Street. The benchmark Nikkei 225 index added 0.48 percent, or 193.04 points, to 40,361.11 in early trade, while the broader Topix index rose 0.58 percent, or 16.03 points, to 2,766.84.

28.03 / 21:57

security economy Trade country 2020 Relationships Australian China lifts heavy tariffs on Australian wine as ties improve

China says it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries

28.03 / 17:59

BTC ETF security Bitcoin track spot bitcoin ETF Hong Kong Asset Managers Together Apply for Spot Bitcoin ETF With SFC

Two asset managers in Hong Kong have jointly filed for a spot Bitcoin exchange-traded fund (ETF) with the Securities and Futures Commission (SFC). The move comes at a time when the regulator is gearing-up to approve ‘in-kind’ BTC spot ETFs in Q2 2024.

28.03 / 14:41

Web3 HashKey HashKey Partners with Victory Securities for Enhanced Custody and Trading Services

HashKey Exchange has formed a strategic partnership with Victory Securities to enhance virtual asset services in Hong Kong.

28.03 / 01:55

markets Action Research Nikkei Trade recommendations Indian stock market: 10 key things that changed for market overnight - Gift Nifty, S&P 500’s record close to oil prices

RECord closing high ahead of key economic data. Investors will watch out for the US Personal Consumption Expenditures Price Index (PCE), the US Federal Reserve’s preferred inflation gauge, due on Good Friday, when the stock markets will remain closed. On Wednesday, the Indian stock market indices ended with decent gains led by a rally in index heavyweights, with the benchmark Nifty 50 closing above the 22,100 level.

27.03 / 18:29

markets UPS IPO Trade Traffic Updates Krispy Kreme, McCormick rise; Consol Energy, Lear fall, Tuesday, 3/26/2024

Stocks that traded heavily or had substantial price changes on Tuesday: Krispy Kreme, McCormick rise; Consol Energy, Lear fall

27.03 / 15:15

markets UPS Software Tesla War reports Headlines BYD’s rise challenges Tesla—and its valuation

BYD and Tesla, the world’s top two electric-vehicle makers, have a lot in common these days—except in terms of market value, where the U.S. company is roughly seven times as big. It takes a lot of faith in chief executive Elon Musk’s promise of autonomy to rationalize the difference.

27.03 / 15:13

markets FIVE Digital Parke Interviews AIMCo looks to increase Asia asset exposure to 15%, stays 'open-minded' about China

Alberta Investment Management Corp., one of the largest Canadian institutional investors, is increasing its Asia exposure by tapping into investments including infrastructure.

27.03 / 08:49

Gold Bank tokenisation HSBC Launches Gold Token Service for Retail Investors in Hong Kong

Banking giant HSBC is now allowing retail investors in Hong Kong to buy real gold through digital tokens.

27.03 / 03:35

markets BTC ETF security Bitcoin Bitcoin Etf Hong Kong Will Soon Approve ‘In-Kind’ Bitcoin Spot ETFs – Here’s What That Means

Hong Kong is getting ready to follow the United States’ lead in approving Bitcoin spot ETFs for public trading, analysts at Bloomberg Intelligence suggest.

27.03 / 02:09

markets DOW Research Nikkei Trade recommendations Indian stock market: 6 key things that changed for market overnight - Gift Nifty, US consumer confidence to oil prices

Sensex declined 361.64 points, or 0.50%, to close at 72,470.30, while the Nifty 50 settled 92.05 points, or 0.42%, lower at 22,004.70. “Shorten trading week, derivatives monthly expiry along with global economic data to be released this week has kept the investors on the sidelines. Overall, we expect the market to consolidate in a broader range, however, buying in a broader market before the financial year end cannot be ruled out," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

26.03 / 18:37

markets UPS Citi Manufacturing economy Enterprise India is getting billionaire-raising

Mumbai has displaced Beijing as Asia's city with the largest number of billionaires, according to Hurun Global Rich List 2024. This ticker-tape news comes as Indian stock markets powered ahead on a robust post-Covid recovery, while China is struggling to raise economic growth. The reordering is unlikely to be permanent, because India's market capitalisation-to-GDP ratio is in overvalued territory, while it is undervalued in China.

26.03 / 15:53

markets IPO Pinduoduo Alibaba scraps planned IPO of Cainiao logistics unit as it doubles down on e-commerce

Alibaba Group Holding on Tuesday said it had scrapped plans to list its logistics unit Cainiao in Hong Kong, as it looks to prioritize growing its e-commerce business while facing challenging IPO market conditions

26.03 / 12:35

UPS IPO Schools stake Alibaba dumps logistics arm IPO; to buy rest of Cainiao stake for up to $3.8 billion

Alibaba Group said on Tuesday its logistics unit, Cainiao Smart Logistics Network, has withdrawn its initial public offering and listing application on the Hong Kong Stock Exchange. Alibaba, which holds around 64% stake in Cainiao, said it is offering to acquire the remaining stock for up to $3.75 billion.

26.03 / 12:21

markets UPS Provident Career Charity love Franck Dargent, the French banker who sent allegedly indecent messages, lost everything

Ten years ago, Franck Dargent, was flying high. After a 23-year banking career which began in Paris after he graduated from HEC, he was made head of global markets Asia Pacific for Crédit Agricole CIB, based in Hong Kong, where he managed nearly 300 employees.

26.03 / 12:21

COST UPS Citi Gap Trade Hong Kong bankers: "The attraction of Singapore has died off"

Hong Kong has increased the income tax paid by anyone earning over $640k and above to 15%, but compared to Singapore, Hong Kong looks generous. In Singapore, income tax is 15% from $89k and 22% from $237k and above.

26.03 / 01:41

markets UPS Reuters Trade show reports recommendations Geopolitical tensions Indian stock market: 7 key things that changed for market over weekend - Gift Nifty, geopolitical tensions to oil prices

Sensex gained 190.75 points, or 0.26%, to close at 72,831.94, while the Nifty 50 settled 84.80 points, or 0.39%, higher at 22,096.75. In the last week of March, investors will now keep an eye on several stock market triggers including domestic macroeconomic data, government announcements on fiscal closing, foreign capital inflow, and other global market cues. “This week being a truncated week and the derivatives’ monthly expiry, we might see some volatility while Nifty is likely to consolidate at higher levels.

25.03 / 23:35

markets UPS Nikkei Trade Stock market today: Asian shares trade mixed after Wall Street closes near record finish

Asian shares are trading mixed as investors await further indications of future U.S. interest rate cuts

25.03 / 20:05

SFC Hong Kong Regulator Issues Alert Against Suspicious Crypto Platform HKCEXP

The Securities and Futures Commission of Hong Kong (SFC) has issued a warning regarding HKCEXP, an allegedly suspicious crypto trading platform claiming to be registered with the regulator.

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