Hong Kong Financial News

Catch Live Market Updates here Investors await the decision of Bank of Japan policy meeting wherein members are likely to debate whether economic conditions are falling into place for the bank to begin unwinding ultra-loose monetary settings. None of the economists polled by Reuters expect the central bank to end its negative interest rate policy on Tuesday with most projecting such an action to happen next year. Meanwhile, the domestic equity indices ended lower on Monday as investors seem to book profits after markets set a new high last week.

Vivo X100 and Vivo X100 Pro are set to include a MediaTek Dimensity 9300 SoC, triple rear cameras with Zeiss branding, a V3 imaging chip, and an 8T LTPO display. While the precise launch date remains undisclosed, the release is anticipated to take place in January. Vivo X100 series: Expected price As per a report by Gadgets 360, given that the Vivo X100 and Vivo X100 Pro were introduced in Hong Kong with price tags of HK$7,998 (approximately Rs.

A substantial warning has been issued by the Securities and Futures Commission (SFC) of Hong Kong against two cryptocurrency firms, namely Hong Kong Digital Research Institute (commonly known as HongKongDAO) and BitCuped, both of which are accused of engaging in fraudulent operations.

China of a potential «middle-technology trap» unless it opens doors «wide open» for new investments and scientific innovation to deal with increasing containment in the ongoing tech war with the US. «China's manufacturing sector is still in the downstream of the global value chain, and it faces a risk of being hamstrung at the low and mid-end by developed countries such as the United States, Germany and Japan,» the Chinese Academy of Sciences said in its latest report released during the weekend.

HONG KONG—The retail world used to cater to Chinese tourists. Luxury shops opened wherever they went, and Parisian department stores hired Mandarin speakers. Mom-and-pop stores in Hong Kong were replaced by vendors offering products Chinese tourists demanded, such as milk powder and medicines.

Asian shares have churned higher after the Dow Jones Industrial Average climbed to another record high

By Josh Ye

Investing.com-- Most Asian stocks rose sharply on Friday, extending recent gains following dovish signals from the Federal Reserve, while some positive economic readings from China also aided sentiment.

By Jessie Pang and James Pomfret

By James Pomfret, Greg Torode and Jessie Pang

By Stella Qiu

Hong Kong-based firms have made the first “cross-border” commodity payments with the Mainland Chinese digital yuan, as the CBDC takes its first international steps.

Making the decision to live and work abroad is a huge undertaking, especially if you’re uprooting your family. And perhaps the biggest question of all is: “Where do we go?”

The code was set up to provider greater scrutiny and transparency within the ESG ratings and data products space, to provide markets with greater confidence in ESG data, especially considering the current efforts to achieve net zero.

A missile fired from Houthi-controlled territory in Yemen missed a container ship traveling through the crucial Bab el-Mandeb Strait

It’s been a great year for stock markets around the world

Yemen's Houthi rebels have been attacking ships in the Red Sea, one of the world's major trade arteries

Investors in Chinese stocks next year will be seeking out businesses with global reach or other insulation from an economic downturn, after three straight years of China underperforming world markets. Companies in defensive sectors such as health, medical innovation and exporters in the electric vehicles supply chain and advanced manufacturing, as well as multinationals such as e-commerce firm PDD Holdings, will top the list. That's despite sell-side analysts turning bullish on China's broader market for next year, with Morgan Stanley and Goldman Sachs forecasting Chinese equities to outperform the S&P 500. «Since economic recovery is slower than expected, we lowered exposures which are sensitive to macro cycles,» said Wang Qing, chairman at Shanghai Chongyang Investment Management. Chongyang is instead buying defensive high-dividend stocks, medical innovators with global competitiveness, and advanced manufacturing backed by Beijing, Wang said, declining to list any investments by name. This follows China's blue chip CSI300 index sinking to five-year lows and losing 12% over 2023 against a 15% gain for global stocks as the Chinese economy struggled with a property crunch and a slow recovery from COVID-19. Hong Kong's Hang Seng fared even worse, sliding more than 18% to trade on a forward price-to-earnings ratio below six, against 21 for the S&P 500. Performance over the last 10 months crushed the optimism that infused the beginning of the year, with four straight months of foreign outflows in the second half of the year totalling a net 138 billion yuan ($19 billion) withdrawn from Chinese equities via the Stock Connect scheme. «Investors (have) struggled to think what the next growth driver for China will be,»

Also Read: Sensex Today | Share Market Live Updates: Gift Nifty, global markets signal positive start for Sensex, Nifty Asian stocks increased ahead of important US economic data and major central banks' meetings, which could provide new information about the possibility of rate cuts in the upcoming year, according to a Bloomberg report. Australia, South Korea, and Japan saw gains in their stock benchmarks.

Local democracy in Hong Kong has been under scrutiny since 1997, when Britain returned this erstwhile colony to China on the latter’s pledge of letting freely elected leaders govern it. In this context, a voter turnout of just 27.5% in Hong Kong’s district elections, down from 71% in 2019, signals a backslide.

inflation report later in the day that will set the tone for the week filled with central bank meetings. The U.S. Federal Reserve is widely expected to hold rates on Wednesday, with the spotlight squarely on comments from Chair Jerome Powell during his press conference as well as the central bank's dot plot and summary economic projections.