Hong Kong Financial News

20.10 / 03:03

COST UPS Lowe's economy MSCI Low Asian shares hit 11-month low on Middle East anxiety, surging yields

Asian shares plumbed a fresh 11-month trough on Friday as fears of a regional conflict in the Middle East intensified and as a relentless rise in long-term U.S. yields pressured valuations, while supply concerns lifted oil prices further. The surge in the 10-year U.S.

19.10 / 20:09

Manufacturing track country electronic information testing Centre Centre clicks enter for online nod to IT hardware imports

laptops, tablets, and personal computers, aiming to monitor shipments of such hardware without hurting supply. The shift to a restrictionfree system comes two months after the announcement of a licensing regime for these products. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that the policy tweaks seek to monitor the imports of these products to ensure that they were coming from “trusted” sources.

19.10 / 17:57

Platform information gossips HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs

The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) have established a dedicated working group aimed at enhancing collaboration in monitoring and investigating illegal activities related to Virtual Asset Trading Platforms (VATPs). The formation of this group comes in the wake of ongoing investigations into the Dubai-based JPEX exchange and aims to bolster regulatory oversight in the rapidly evolving crypto market.

19.10 / 17:31

Blockchain Citi Provident Platform innovations CMCC Global's Titan Fund Secures $100M for Asian Blockchain Ventures

Titan Fund, which is managed by CMCC Global, has closed its inaugural investment round on October 4, raising $100 million with the involvement of over 30 investors. Among the prominent investors are the blockchain startup Block.one, the Pacific Century Group, owned by Hong Kong business magnate Richard Li, Winklevoss Capital, Jebsen Capital, and Yat Siu, creator of Animoca Brands. The financing comes at a time when the cryptocurrency industry is facing a financial crisis as a direct result of a string of failures that occurred in the previous year, one of which being the bankruptcy of the exchange FTX.

19.10 / 17:31

Citi Provident Platform gossips 2020 reports HKEX Introduces Synapse: A New Settlement Acceleration Platform for Stock Connect

Stock Connect is a mutual market access programme that connects Mainland Chinese markets with Hong Kong markets. The most recent addition to Stock Connect is called HKEX Synapse. The platform intends to standardise and simplify post-trade operations, with the end goal of lowering settlement risks and improving operational efficiency. Institutional investors, especially those whose operations span many time zones, will be able to make use of it as an optional service when it becomes available.

19.10 / 11:01

UPS Reuters NIFTY SENSEX reports fall Market close: Nifty 50, Sensex fall for second consecutive session amid weak global cues

Nifty 50 today: Domestic market benchmarks the Sensex and the Nifty 50 closed in the negative territory for the second consecutive session on Thursday, October 19 amid weak global cues. Top Asian peers, including Japan's Nikkei, China's Shanghai Composite Index and Hong Kong's Hang Seng fell about two per cent each while in Europe, the UK's FTSE, Germany's DAX and France's CAC fell up to a per cent during the trade as investors remained worried over the prospects of an escalation of the Israel-Hamas war into a bigger regional crisis.

19.10 / 07:23

UPS Airlines economy show reports Stock market today: Asian shares follow Wall Street lower, and Japan reports September exports rose

Shares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks

19.10 / 07:23

Provident Citizens Action President Actor electronic prevention US imposes more Iran drone sanctions as UN rules set to expire

The U.S. has imposed sanctions on a group of people and firms based in Iran, China, Hong Kong and Venezuela, tied to the development of Iran’s ballistic missile and drone programs

19.10 / 04:37

CEO Assurant Tesla show track country Q3 Chinese EV makers sink tracking disappointing Tesla Q3 earnings

Investing.com-- Shares of Chinese electric vehicle makers fell on Thursday, tracking an overnight tumble in Tesla (NASDAQ:TSLA) after the world’s most valuable car maker posted weaker-than-expected third-quarter earnings.

19.10 / 04:37

UPS Tesla track country hospital Asian stocks Asian stocks slide as rising yields batter tech, Fed chair awaited

Investing.com-- Most Asian stocks tumbled on Thursday, with technology-heavy indexes bearing heavy losses tracking a spike in bond yields, while anticipation of a speech from Federal Reserve Chair Jerome Powell also kept investors on edge.

19.10 / 04:37

Reuters country information reports Country Garden bondholders seek talks after missed payment -sources

By Scott Murdoch, Xie Yu and Clare Jim

19.10 / 02:49

Reuters Entertainment NIFTY SENSEX reports 6 things that changed for the stock market overnight - Gift Nifty to spike in US Treasury yields

BSE Sensex closed 551.07 points, or 0.83%, lower at 65,877.02, while the NSE Nifty 50 declined 140.40 points, or 0.71%, to settle at 19,671.10. “Profit booking ensued in Indian markets, spurred by weak global sentiments and escalating Middle East tensions. A sudden rise in the tension has led to instability in energy prices.

18.10 / 14:43

BlackRock People moves UBP strengthens EM fixed income team with triple hire

Jack Deino and Raphaël Maréchal join the team as senior portfolio managers, and Alonso Perez-Kakabadse joins as senior portfolio advisor and strategist.

18.10 / 11:35

UBS ICBC show reports UBS joins Chinese lenders drawn into $2B money laundering probe

UBS Group AG and two major Chinese lenders have been drawn into one of Singapore’s largest money laundering cases, as a police affidavit showed that an alleged fugitive involved had stashed millions at the banks.

18.10 / 05:38

business Adoption data Survey saga Hong Kong’s attitude toward crypto sours after JPEX saga: Survey

Public attitude towards cryptocurrency in Hong Kong has taken a dive following the JPEX crypto exchange scandal, according to the initial findings of a new survey.

18.10 / 04:23

UPS economy show country hospital reports Asian stocks Asian stocks muted as M.East tensions offset China GDP cheer

Investing.com-- Most Asian stocks moved in a tight range on Wednesday as growing concerns over a spillover in the Israel-Hamas war dented risk appetite, largely offsetting positive data that showed China’s economy grew more than expected.

18.10 / 04:23

COST Tesla performer electronic Q3 surges Chinese Tesla Rival BYD surges on bumper Q3 profit forecast

Investing.com-- Shares of Chinese electric vehicle maker BYD surged on Wednesday after it said it expects its third-quarter net profit to potentially double on robust vehicle sales and improved margins.

18.10 / 04:19

NASDAQ CEO love stage innovations This company says it can make plant-based ‘meat’ taste better

Nourish Ingredients, a company with backers including superannuation fund Hostplus and Hong Kong billionaire Li Ka-shing, is preparing for a capital raising next year as it rolls out a breakthrough product it says makes plant-based “meat” so much better.

18.10 / 02:51

UPS Manufacturing economy show China's economic growth slows to 4.9% in third quarter, amid muted demand and deflationary pressures

China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector

17.10 / 19:34

UPS Provident Art CEO Baidu Chinese search engine company Baidu unveils Ernie 4.0 AI model, claims that it rivals GPT-4

The Chinese search engine and artificial intelligence firm Baidu has launched the latest version of its artificial intelligence model Ernie 4.0

17.10 / 18:15

Citi Digital Progressive Platform Align country Latin Hong Kong's Crypto Rise: Harbinger for China?

Eastern Asia has seen its cryptocurrency market dynamics shift significantly, with a notable decline in crypto activity over recent years, primarily attributed to China's restrictive stance. However, a wind of change may be blowing from Hong Kong, as the region experiences a surge in crypto-related initiatives and regulatory friendliness, igniting speculations regarding China's evolving digital asset outlook, according to Chainalysis.

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