Hong Kong Financial News
24.01 / 15:47
markets
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NOT
As Bank of America cuts in Hong Kong, it's not the only one exposed
Bank of America has been cutting senior bankers in Hong Kong. Bloomberg reported yesterday that the bank has let go of a number of senior dealmakers in the city, including its head of Southeast Asian ECM, Sunil Khaitan, who joined from Deutsche Bank in 2018.
24.01 / 15:02
Kucoin
Apple
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Animoca Brands and HashKey Sign Strategic Partnership Deal + More Crypto News
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news.
24.01 / 13:55
Blockchain
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community
stage
innovations
gatherings
Hong Kong Web3 Festival 2024: Asia’s Top Crypto Event to Unlock the Future of Web3
Following the unrivaled success of its record-breaking 2023 event, Hong Kong Web3 Festival is returning for its second edition on the 6-9 of April 2024 in the vibrant and dynamic hub of technology and innovations. Held at Hong Kong Convention and Exhibition Center (HKCEC), one of the world’s largest and most iconic venues in the heart of Hong Kong, the second edition of the event promises to set the stage for ground-breaking discussions and insights that are expected to shape the narrative around Web3 and blockchain.
24.01 / 13:55
24.01 / 12:35
markets
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country
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play
A Smarter Way to Play ‘China Bailout Roulette’
Will Beijing bring out its big bazooka to rescue China’s battered stock market? That is the billion-dollar question as investors try to time the bottom for Chinese stocks. But they might be wise to also look at some easier bets. Chinese stocks are off to a bad start in 2024, after doing poorly over the last couple of years.
24.01 / 11:55
24.01 / 10:41
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Commentary
FII selling in Indian stock market may continue despite ₹27,000 crore outflow in Jan so far, say analysts; here's why
₹27,000 crore in Indian equities so far in January 2024. This extensive sell-off has exerted downward pressure on the benchmark equity indices, Sensex and Nifty 50, leading to a decline of over one percent in both indices during the current month. The disappointing corporate earnings reported by select major Indian banks in the December quarter, coupled with concerns over elevated valuations of domestic equities and increasing US Treasury yields, have prompted FIIs to dump Indian equities.
24.01 / 09:47
24.01 / 05:43
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2020
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Marketmind: No luck for China stocks, or for Barbie
A look at the day ahead in European and global markets from Ankur Banerjee
24.01 / 05:43
markets
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reports
Alibaba’s Hong Kong shares surge 5% on report of Ma buying stock
Investing.com-- Hong Kong shares of Alibaba Group (NYSE:BABA) surged on Wednesday, tracking a bounce in their U.S. counterparts after reports showed co-founders Jack Ma and Joe Tsai were acquiring shares in the e-commerce giant.
24.01 / 05:43
markets
FIVE
Nikkei
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Asian stocks
Asian stocks dip as Japan sees profit-taking; Alibaba fuels HK tech rally
Investing.com-- Most Asian stocks retreated on Wednesday as mixed signals from the Bank of Japan spurred some profit-taking in Japanese markets, while Hong Kong stocks rebounded sharply on a tech-fueled rally led by Alibaba Group.
24.01 / 03:37
CBDC
Digital
Platform
BIS
innovations
testing
International
BIS Unveils 2024 CBDC Plans, Project ‘Aurum’ Enters New Phase
The Bank of International Settlements (BIS) has unveiled that its central bank digital currency (CBDC) is entering a new phase this year.
24.01 / 03:17
markets
UPS
MSCI
Nikkei
performer
blues
reports
Asian stocks
Asian stocks gain as potential China rescue package lifts mood
Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen.
24.01 / 01:47
markets
UPS
security
Research
Trade
D-Street indices tumble as FPI selloff continues
selloff that sent benchmark indices tumbling 1.5%, reflecting the impact of persistent stock sales by overseas funds amid hardening bond yields in the US, the world's biggest market for pricing both debt and risk assets alike.
23.01 / 20:05
COST
UPS
security
Experts
country
travelers
Department
Don’t let this passport quirk upend your next vacation. It 'trips a lot of people up,' expert says
Passport processing times are back to normal after big delays in 2023, making it less likely travelers will miss a trip because of a stalled renewal.
23.01 / 20:01
23.01 / 18:27
markets
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Provident
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Markets take a plunge; stormy weather ahead
MUMBAI : Indian markets plunged on Tuesday as global funds sold heavily in HDFC Bank Ltd and Reliance Industries Ltd (RIL), and retail investors booked profits in smaller stocks, erasing investor wealth of ₹8.56 trillion. The carnage may not be over, though: The derivatives market and the domestic fear index continue to flash signals of turbulence ahead. HDFC Bank and RIL, which command the highest weights in benchmark indices and clocked disappointing earnings in the December quarter, contributed to almost half (48.63%) of the Sensex’s 1,053.10, or 1.47%, fall to 70,370.55.
23.01 / 18:01
markets
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Target
economy
Trade
reports
Don't suddenly turn off the bourses
market closure on Monday during a trading week already shortened by Republic Day has raised eyebrows over India's business-friendly credentials. India's market capitalisation has overtaken that of Hong Kong, where a slump in valuations is being fed by China's weak economic prospects. In contrast, India offers global investors steadier and higher growth rates over a longer horizon.
23.01 / 17:55
markets
economy
Nikkei
Trade
show
reports
Asian stocks
Stock market today: Asian stocks gain after Wall St's latest record. Bank of Japan keeps policy lax
Asian shares are mostly gaining after Wall Street built on its all-time high reached last week, while Japan's central bank has kept its easy credit policy intact
23.01 / 17:11
markets
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Progressive
DOW
MSCI
reports
Stocks make little progress, dollar rises against yen after BoJ decision
By Sinéad Carew and Amanda Cooper
23.01 / 16:05
Target
Manufacturing
electronic
CCI greenlights Tata Electronics' acquisition of iPhone maker Wistron Infocomm
Tata Electronics-Wistron deal. This proposed combination involves the acquisition of 100 per cent equity share capital of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited.
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