Hong Kong Financial News

23.02 / 02:11

markets DOW NVIDIA Trade reports recommendations Indian stock market: 7 key things that changed for market overnight - Gift Nifty, RBI minutes to Nvidia stock price jump

Sensex climbed 535.15 points, or 0.74%, to close at 73,158.24, while the Nifty 50 settled at 22,217.45, up by 162.40 points, or 0.74%. “Strong Q4 results and a positive outlook from chipmaker Nvidia led to a revival in global sentiments. Further, HSBC Flash India PMI data for the month of February pointed towards India’s economic activity – both manufacturing and services being at a 7-month high which helped Indian markets to make a sharp recovery.

22.02 / 14:32

Provident Target security wellness show social Investigations An online dump of Chinese hacking documents offers a rare window into pervasive state surveillance

Chinese police are investigating an unauthorized and highly unusual online dump of documents from a private security contractor linked to China’s top policing agency and other parts of its government

22.02 / 14:11

markets UPS economy track reports India market value to reach $10 trillion by 2030, says Jefferies

The nation’s market, currently the world’s fifth largest at $4.5 trillion, briefly overtook Hong Kong last month. Still, its weight in global stock indexes is below 2%, leaving ample scope for foreigners to ramp up investments, analysts including Mahesh Nandurkar and Chris Wood wrote in a Feb. 21 note.

22.02 / 11:01

Blockchain Provident Digital CEO Trade stage gatherings Initial List of Partner Sponsors, Exhibitors, and Speakers Announced for Upcoming Hong Kong Web3 Festival 2024

An initial list of high-value speakers and industry-leading sponsors have been announced for Hong Kong Web3 Festival 2024, set for April 6-9 at the iconic Hong Kong Convention and Exhibition Center (HKCEC) with over 9,000㎡.

22.02 / 04:43

markets UPS Research Gartner show electronic reports China's Lenovo posts Q3 revenue growth, beats analyst estimates

By Josh Ye

22.02 / 04:19

markets UPS NVIDIA Nikkei rights Japan's Nikkei nears record peak after Nvidia beat, rest of Asia muted

Nikkei share average climbed to the cusp of an all-time peak on Thursday after unexpectedly strong revenue forecasts from U.S. chip designer Nvidia lifted Asian tech stocks. However, the regional mood was tempered by a retreat in Chinese stocks from multi-month highs reached amid Beijing's efforts to boost market confidence.

22.02 / 01:11

Ethereum Former Fidelity International Executive Luc Froehlich Joins Layer N Advisory Board

Layer N, a roll-up network focused on scaling financial applications on Ethereum, has appointed Luc Froehlich, a former executive at Fidelity International based in Hong Kong, to its advisory board.

21.02 / 15:17

Provident Progressive security Bill crypto regulation Trade Hong Kong Government Pushes for Licensing Bills on Stablecoin and OTC Crypto Trading

The Hong Kong government aims to submit licensing bills for stablecoin and over-the-counter (OTC) crypto trading frameworks in order to regulate the crypto industry and enhance investor protection.

21.02 / 06:57

UPS Target economy wellness pandemic reports HSBC profits soar in 2023, announces share buyback despite geopolitical, economic concerns

HSBC noted the effects of China's slower-than-expected economic recovery after the Covid-19 pandemic as well as heightened geopolitical tensions. The firm reported pre-tax profits of $30.3 billion, up from $17.1 billion the year before, in a statement to the Hong Kong stock exchange. Profit after tax increased by $8.3 billion, to $24.6 billion.

21.02 / 05:45

COST UPS Trade track reports HSBC shares sink 3% after pre-tax annual profit misses estimates on impairment costs

In this article

21.02 / 05:09

markets UPS Compilation economy reports record high HSBC posts record high profit, misses estimate as China write-off bites

By Selena Li and Lawrence White

21.02 / 05:09

markets UPS Target Platform Trade International HSBC 2023 profit surges, announces $2 bln buyback

Investing.com-- Asia-focused lender HSBC Holdings PLC (HK:0005) (LON:HSBA) clocked weaker-than-expected profit growth for 2023, but still marked a record-high pre-tax profit as it benefited greatly from higher interest rates across the globe, with the bank also announcing an up to $2 billion buyback.

21.02 / 02:05

markets UPS economy Trade track recommendations Indian stock market: 8 key things that changed for market overnight - Gift Nifty, fall in US stocks to weak dollar

Sensex gained 349.24 points, or 0.48%, to close at 73,057.40, while the Nifty 50 ended 74.70 points, or 0.34%, higher at 22,196.95. “Amidst market volatility, the domestic market is once again poised to approach record highs. The latest upward trajectory is bolstered by gains in the banking sector, with private banks witnessing a rebound from a recent sharp correction.

20.02 / 21:59

markets UPS NVIDIA Trade performer reports Marketmind: Chips off the table ahead of Nvidia

By Jamie McGeever

20.02 / 12:37

markets Manufacturing Strategy economy WhatsApp country Focus on exports to achieve 10% growth: 16th Finance Commission chairman Arvind Panagariya

exports to achieve a 10% growth rate for the economy, said Arvind Panagariya, chairman of the Sixteenth Finance Commission. “I’ve looked at successful countries such as Hong Kong, Singapore, Taiwan, South Korea, China, and India – these are the six high-growth examples. My conclusion is very clear – countries that have been open are the ones that have grown rapidly,” Panagariya said. The former vice chairman of Niti Aayog further highlighted that the country needed to follow China’s strategy to increase its per-capita income and wean away from idea of import substitution.

20.02 / 10:17

markets Airlines reports travelers Singapore Airlines posts Q3 profit rise on strong travel demand

(Reuters) -Singapore Airlines Ltd (SIA) reported a 4.9% jump in its quarterly net profit on Tuesday, boosted by a strong air travel demand in key markets.

20.02 / 10:17

markets Target economy NVIDIA Nikkei performer testing Rate Cut interest rate cut Asian stocks Asian stocks find little cheer from China’s interest rate cut

Investing.com-- Most Asian stocks retreated on Tuesday, extending recent losses as persistent concerns over slowing economic growth and high U.S. interest rates largely offset a bigger-than-expected cut in China’s benchmark lending rate.

20.02 / 03:02

markets Trade track recommendations Updates Profiles Sensex Today | Share Market Live Updates : Asian shares subdued, Gift Nifty indicates muted start at opening bell

Read the full story here.)The domestic equity market indices, Sensex and Nifty 50, are expected to open on a flat note on Tuesday tracking mixed global market cues.Asian markets traded mixed as China’s central bank cut the benchmark five-year loan prime rate for the first time since June. The US stock futures were muted amid lack of fresh triggers.Meanwhile, investors now eye the minutes from the US Federal Reserve’s January policy meeting due on Wednesday for more clues on its interest rate cut timing.

20.02 / 03:01

markets COST UPS Research Trade recommendations Rate Cut Indian stock market: 8 key things that changed for market overnight - Gift Nifty to China’s lending rate cut

Sensex gained 281.52 points, or 0.39%, to close at 72,708.16, while the Nifty 50 settled 81.55 points, or 0.37%, higher at 22,122.25. “Despite an unattractive risk reward, the broader market continued its outperformance in expectation of improvements in private capex and optimism about political stability. Benign input costs and expectations of a pickup in rural demand will aid corporate earnings growth.

20.02 / 01:07

markets UPS Trade Whirlpool country Investors are turning wary of crowded India trade after run-up

Indian equities that’s made them an investor favorite has run into headwinds that go beyond elevated valuations. Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that saw the nation’s main gauges posting a record eighth straight year of gains in 2023.

19.02 / 13:37

markets UPS economy Trade reports Stock market today: World shares are mixed as Chinese markets reopen after the Lunar New Year

European shares opened lower after a mixed session in Asia as Chinese markets reopened from a long Lunar New Year holiday

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