Hong Kong Financial News

23.01 / 12:53

markets economy Discover Trade show country International 'Snowball' derivatives feed China's stock market avalanche

stock market is leading to losses on billions of dollars worth of derivatives linked to the country's equity indexes, fuelling further selling as retail investors offload their positions.

23.01 / 11:27

CBDC China Proposes Digital Yuan’s Accelerated Adoption in Beijing and Shanghai

China authorities have proposed new policies to accelerate the adoption of digital yuan in designated districts in Beijing and Shanghai.

23.01 / 10:51

markets Provident ETF security Bitcoin Bitcoin Etf Bitcoin ETFs Gain Momentum in Asia Post U.S. Approval

As the first Bitcoin spot price exchange-traded funds receive historic approval in the United States, Asian industry leaders, particularly in Hong Kong, are actively exploring similar crypto products.

23.01 / 06:41

markets UPS FIVE economy MSCI country 2020 As China’s markets plunge, what alternatives do investors have?

foreign investors. Some are most worried by China’s souring relations with Western governments. Others fret about the unprecedented slump in the country’s property market.

23.01 / 06:41

markets UPS Booking Healthcare Trade performer reports Persistent Systems shares jump 10%, touch new all-time high on robust Q3 numbers

Persistent Systems, a global services and solutions company, spiked sharply in today's trade after delivering impressive performance for the December-ending quarter (Q3 FY24). The company on Saturday (January 20) released its Q3 FY24 performance post-market hours, reporting an 8.7% QoQ and 20.2% YoY jump in its consolidated net profit to ₹286 crore. In the same period last year and in the preceding quarter (Q2FY24), the company posted a net profit of ₹238 crore and ₹263 crore, respectively.

23.01 / 06:41

markets Action Compilation economy country reports Updates 'It was inevitable...': Anand Mahindra after Indian stock markets surpass Hong Kong in market cap

Markets LIVE Updates here "It was inevitable… Markets often seem irrational, but at their best, they are harbingers of an economy’s future. And the future looks strong, to say the least. Continuing reforms combined with strong governance of markets and the financial system will keep us Rising…" he posted.

23.01 / 05:45

markets UPS trends Trade reports open Stock market today: Sensex, Nifty 50 gain nearly 1% at open: 5 key reasons behind the market rally

Also Read: India overtakes Hong Kong as world’s fourth-largest stock market by market capitalisation However, he advises investors to remember that sentimental impact cannot last long. “Tensions in West Asia and the Red Sea are areas of serious concern. If something goes wrong, the market will be impacted since valuations are high.

23.01 / 05:03

markets economy Nikkei Trade country reports Asian stocks Asian stocks rise, Nikkei flat as BOJ stays dovish; China rout pauses

Investing.com-- Most Asian stocks advanced on Tuesday, taking a positive lead-in from Wall Street after gains in tech spurred record highs in U.S. indexes, while the Bank of Japan maintained its ultra-dovish stance and forecast cooling inflation.

23.01 / 01:55

markets Action Trade reports recommendations Indian stock market: 6 key things that changed for market overnight - Gift Nifty, oil prices to China’s lending rates

earnings for the December quarter. Markets will also be influenced by the interest rate decisions of the BoJ and European Central Bank (ECB), along with US GDP data. On January 20, the domestic equity markets ended the special trading session of Saturday lower dragged by selling in index heavyweights as investors reacted to Q3 results.

22.01 / 12:57

markets economy Sustainability EVA show UBS GWM says China equities need ‘punchier’ policies

The benefits of monetary easing by the People’s Bank of China have already been priced in and “punchier” policies are needed to revive the country’s equities, according to the global wealth management arm of UBS Group AG.

22.01 / 12:41

Citi Digital ETF Bitcoin reports Spot ETFs crypto ETFs OSL Executive Director: Hong Kong Expected to Approve Spot Crypto ETFs by Mid 2024

Hong Kong may witness the launch of its first spot crypto exchange-traded funds (ETFs) by the middle of this year.

22.01 / 10:13

markets Target Manufacturing Election Trade Celebrity country India’s sudden market holiday risks denting global image

Catch all the Ayodhya Ram Mandir Inauguration Live UpdatesView

22.01 / 08:16

markets FIVE Cathay Photos performer Videos International Cathay International Chinese New Year Night Parade Returns to Hong Kong After Five Years

https://www.discoverhongkong.com/eng/what-s-new/events/chinese-new-year/night-parade.html. After the parade, the floats will be stationed at The Urban Council Centenary Garden, in Tsim Sha Tsui, for public exhibition from 11 to 25 February.

22.01 / 07:39

Citi Bitcoin Hong Kong Set to Host This Year’s Bitcoin Conference, Lawmaker Says

Hong Kong will host The Bitcoin Conference this year, local lawmaker Johnny Ng said in a recent post on X.

22.01 / 03:37

markets COST economy inclusion Gloom over china assets spreading beyond stocks

stocks, with investors expecting the yuan and government bonds to underperform in a year when the Federal Reserve's dovish pivot is set to buoy emerging markets. Bearish sentiment toward China has intensified as the latest data confirmed the world's second largest economy remains in the doldrums. While the gloom adds impetus for the People's Bank of China to lower interest rates, investors say the monetary authority has less room to cut than its major global peers, whose borrowing costs are now at multi-year highs.

21.01 / 15:03

markets Provident Target economy Trade social Chinese Stocks: Too Late to Short, Too Early to Buy? What to Look Out For

Chinese equities have continued where they left off in 2023 with the Hang Seng Index (HSI) already down 8% in the new year. China stocks extended their decline as disappointing economic data and Premier Li Qiang's comments on avoiding massive stimulus weighed on the market.

21.01 / 14:27

Man Racing Man Singh becomes second Indian man to win gold at Asian Marathon Championships

Man Singh became only the second Indian man to clinch a gold medal at the Asian Marathon Championships as he won the race with a personal best time here on Sunday. The 34-year-old Man Singh clocked two hours, 14 minutes and 19 seconds (2:14:19) to win the competition.

21.01 / 13:05

BLOCK security wellness Experts rock rights International India faces uphill battle in Lithium mining and exploration

India is striving to establish reliable lithium supply to bolster its growing electric vehicle (EV) industry with its recent INR 200 crore investment in lithium exploration in Argentina by the Ministry of Mines. Despite these efforts, industry experts caution that the nation's lithium mining and processing sector is essentially starting from scratch, with limited immediate impact expected from the latest developments. Currently, India imports 100% of its lithium, with a significant portion (over 95%) sourced from China and Hong Kong.

20.01 / 06:13

markets UPS economy Enterprise Trade China’s $6.3 trillion stock selloff is getting uglier by the day

Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high. The Hang Seng China Enterprises Index has already lost 11% in 2024.

20.01 / 04:49

UPS Election Food performer reports Courts week Top news this week: Pakistan-Iran row, Davos 2024, Reliance Q3 results, Sony-Zee merger, and more

Read more here Reliance Industries Limited reported a 10.9% increase in its net profit to ₹19,641 crore in the third quarter of FY 23-24. The company's total revenue from operations stood at ₹2,27,970 crore during the quarter under review. The robust performance of the oil and gas segments was one of the major highlights of the quarterly results of Mukesh Ambani's firm.

19.01 / 17:51

markets UPS ETF security Trade Bitcoin Financial Hong Kong Financial Services Firm Unveils Plans to Launch Region’s Premier Spot Bitcoin ETF

Hong Kong-based Venture Smart Financial Holdings Limited (VSFG) is gearing up to seek approval from the Securities and Futures Commission (SFC) for the introduction of a Bitcoin spot exchange-traded fund (ETF).

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