Hong Kong Financial News

28.02 / 02:09

markets Reuters Research Nikkei Trade show recommendations Indian stock market: 7 key things that changed for market overnight - Gift Nifty to a drop in US consumer confidence

Sensex gained 305.09 points, or 0.42%, to close at 73,095.22, while the Nifty 50 settled 76.30 points, or 0.34%, higher at 22,198.35. “Domestic equities are consolidating in a range with every dip being bought showing strength at lower levels. Overall, we expect the market to trade in range with positive bias.

27.02 / 23:13

Provident BLOCK Freedom reports Department International US and UK hit Iranian deputy commander and Houthi member with sanctions

The U.S. and United Kingdom sanctioned a deputy commander of Iran’s Islamic Revolutionary Guard Corps and a Houthi militant member, Tuesday

27.02 / 07:45

Huobi Hong Kong-Based HTX, Formerly Huobi, Withdraws Crypto Exchange Application

Hong Kong-based cryptocurrency exchange HTX, formerly known as Huobi Global, withdrew its application for a license on February 23, according to a filing posted on the Securities and Futures Commission website.

27.02 / 05:53

markets Reuters economy Exodus Nikkei Trade performer Exclusive-StanChart suspends new offshore channel investments by China clients

By Selena Li

27.02 / 02:39

markets IPO Compilation security Trade stage information Fast-fashion brand Shein eyes London bourses after New York, US listing stumbles

New York because of hurdles to the listing in the US, according to people with knowledge of the matter. Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the people said, asking not to be identified discussing confidential information. Shein is still working on its application to list in the US as its preferred location, the people said.

27.02 / 02:39

markets UPS Research Trade Bitcoin recommendations Indian stock market: 7 key things that changed for market overnight - Gift Nifty, rise in oil prices to Bitcoin rally

Sensex dropped 352.67 points, or 0.48%, to close at 72,790.13, while the Nifty 50 declined 90.65 points, or 0.41%, to settle at 22,122.05. “Globally investors would take cues from macro data releases lined up during the week. Overall, we expect the market to consolidate at higher zones while following global trends," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

27.02 / 02:25

markets Compilation security Trade stage information Shein considers London IPO amid US resistance to listing

Shein is considering the possibility of switching its initial public offering to London from New York because of hurdles to the listing in the US, according to people with knowledge of the matter. Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the people said, asking not to be identified discussing confidential information.

26.02 / 17:58

SFC BitForex Halts Withdrawals Without Explanation, Leaves Users in Dark

Hong Kong-based cryptocurrency exchange BitForex has faced a complete blackout since suspending its website and trading application on February 23.

26.02 / 17:11

markets UPS Aviat Airlines Boeing country International NOT China's homegrown C919 jet in spotlight at Singapore air show, but not quite ready to compete

China’s C919 single-aisle jet made its international debut at the Singapore Airshow, attracting masses of visitors and hundreds of orders, but analysts say it still has a long way to go before it can compete with aircraft from market leaders Boeing and...

26.02 / 10:09

Booking Assurant Discover BBC information reports Investigations NRI woman falls prey to ICICI Bank's fraud official, gets duped of ₹16 crore: ‘We deposited our entire….’

₹16 crore. The victim, Shveta Sharma, who fell prey to ICICI Bank's fraudulent employee, informed BBC that she had transferred money to her bank account in India from her US account to invest in fixed deposits that offered an interest rate of 5.5% to 6% since the interest rate on bank deposits in the US was negligible. She alleged that the bank official, introduced to her by a friend, created “fake accounts, forged her signature, took out debit cards and cheque books in her name", and convinced her to invest in FDs in India just to extort money from her accounts, as per BBC.

26.02 / 05:25

markets UPS Provident Trade testing Asian stocks Asian stocks dip as tech rally cools; Japan scales new peaks

Investing.com-- Most Asian stocks retreated on Monday as persistent concerns over higher-for-longer interest rates sparked some profit-taking in technology stocks, while Japanese markets scaled new record peaks ahead of key inflation data.

26.02 / 05:25

CEO Tesla BYD shares rise on plans to double $28 mln buyback

Investing.com-- Shares of Chinese electric vehicle maker BYD Co Ltd (SZ:002594) rose on Monday after its Chairman and CEO Wang Chuanfu proposed the firm double the size of a planned share buyback.

26.02 / 04:45

markets economy Nikkei Trade record high Stock market today: Asian shares mostly decline, while Tokyo again touches a record high

Asian shares are mostly lower, although the Tokyo stock markets touched another record high in morning trading

26.02 / 02:45

markets Williams DOW Trade reports recommendations record high Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Nikkei’s record high to FPI flows

Sensex eased 15.44 points, or 0.02%, to close at 73,142.80, while the Nifty 50 ended 4.75 points, or 0.02%, lower at 22,212.70. “This week, the market might take a pause ahead of various global economic data releases. US would be reporting its Q4 GDP numbers along with Initial jobless claim, PCE data and Consumer Confidence for the month of February.

24.02 / 06:25

Provident Target security Enterprise show information reports Chinese hackers have stolen 100 GB of immigration data from India, leaked papers show

hacking group has exposed extensive cyber intrusions conducted by Beijing's intelligence and military entities against foreign governments, companies, and infrastructure. According to a report by The Washington Post, the leaked cache, comprising over 570 files, images, and chat logs, provides a rare insight into the operations of a firm hired by Chinese government agencies for on-demand, mass data-collecting operations. The files, posted on GitHub last week, reveal contracts spanning eight years aimed at extracting foreign data. The targets include at least 20 foreign governments and territories, such as India, Hong Kong, Thailand, South Korea, the United Kingdom, Taiwan, and Malaysia.

24.02 / 05:07

markets UPS economy Enterprise wellness Trade performer Mantra China stock traders’ new mantra is enjoy the rally while it lasts

Chinese stocks from world’s worst to best performers is stoking cautious optimism that the rally will continue as long as favorable market policies remain in place. Rarely has a week gone by in 2024 without Beijing unleashing new measures to buttress the market or the economy. That policy resolve has pushed an index of Chinese shares listed in Hong Kong up more than 10% this month, topping the 90-strong list of major global equity gauges. The CSI 300 Index of onshore shares has risen for nine days, its longest winning run since 2018.

23.02 / 23:33

Chinese Prosecutors Promise Increased Punishment for Blockchain and Metaverse Crimes

Criminals engaging in illicit operations through the use of blockchain technology and metaverse projects will face increased repercussions, China’s highest prosecutor said today.

23.02 / 08:27

Citi Provident FIVE Reuters economy Kirklands Courts Exclusive-In a first, Chinese developer's creditors plan to sue state-owned shareholder for dues

By Xie Yu

23.02 / 04:55

markets Trade performer country StanChart clocks 22% jump in 2023 profit, announces $1 bln buyback

Investing.com-- Asia-focused lender Standard Chartered PLC (HK:2888) (LON:STAN) clocked a stronger profit for 2023 as it benefited from higher interest rates, with the bank also announcing a $1 billion buyback.

23.02 / 04:39

Compilation economy performer reports StanChart announces $1 billion share buyback as full year profit rises 18%

HONG KONG/LONDON (Reuters) — Standard Chartered (OTC:SCBFF) PLC on Friday reported 2023 pre-tax profit rose 18%, in line with forecasts, and rewarded shareholders with a $1 billion share buyback.

23.02 / 03:03

markets Waves DOW NVIDIA Nikkei show Stocks bask in tech euphoria, Nvidia boom

stocks rose on Friday and put global markets on course for a week of heady gains as AI darling Nvidia's stunning results sparked a wave of record highs from Asia to Europe and the U.S., while the yen nursed losses on a range of currencies. Nvidia surged 15%, adding a record $250 billion in market value on Thursday. The Santa Clara, California-based company's results supercharged a global AI-led rally in technology stocks, propelling the S&P 500, the Dow Jones Industrials, Europe's STOXX 600 and Japan's Nikkei share average to record highs.

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