Hong Kong Central's biggest landlord signs crypto firm as tenant

HONG KONG (BLOOMBERG) – Hongkong Land Holdings, the biggest landlord in the heart of the Asian financial hub, signed a lease with a crypto asset firm for the first time as the century-old company moves to embrace the emerging sector. Hong Kong-based HashKey Group will take up a floor in Three Exchange Square owned by […]

Hong Kong to match Singapore in growth for first time since 2008

HONG KONG (BLOOMBERG) – Hong Kong’s economy is expected to catch up with rival financial hub Singapore’s pace of expansion this year for the first time since 2008, as it recovers from a pandemic-induced downturn. Economists have raised their growth forecasts for Hong Kong by 0.7 percentage points to 6.7 per cent this year, while […]

Chinese billionaire family quietly expanding empire in Hong Kong

HONG KONG (BLOOMBERG) – A mainland Chinese property family is quietly building a presence in Hong Kong by snapping up land plots and even a prominent local newspaper. Shenzhen-based Kaisa Group’s Mr Kwok Ying Shing has become one of the most active Chinese tycoons in Hong Kong with a flurry of new purchases. His moves […]

Hong Kong leader cheers ‘return to stability’ as police monitor China holiday protests

Hong Kong leader Carrie Lam cheered the city’s “return to stability” during China national day celebrations on Thursday, as police vans dotted the route of a banned anti-government march by pro-democracy activists. Protesters wanted to march against Beijing’s imposition of a sweeping national security law on June 30 and demand the return of 12 Hong Kong people China arrested at […]

Global shares stabilise, try to shrug off U.S. tech rout scare

TOKYO/HONG KONG (Reuters) – Asian shares and U.S. stock futures regained some footing on Tuesday following a small bounce in European markets as investors looked to whether high-flying U.S. tech shares could recover from their recent rout. Japan’s Nikkei .N225 advanced 0.4% as revised data confirmed the nation had slumped into its worst postwar contraction, […]

Asian stocks approach two-year high on fresh U.S.-China trade hopes

SINGAPORE/HONG KONG (Reuters) – Renewed confidence in a Sino-U.S. trade deal after talks between the countries helped lift most Asian stocks on Tuesday, as did fresh vaccine hopes for a coronavirus vaccine, which boosted broader sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.18% and was trading just below a two-year high. […]

Asian stocks near two-year high as virus treatment hopes lift mood

SINGAPORE (Reuters) – Asia’s stock markets opened higher on Tuesday following a Wall Street rally driven by vaccine hopes, while the dollar found some support ahead of a key central bank speech. Also supporting the mood were statements from both China and the United States saying top-level trade representatives had held constructive talks over the […]

Waning European recovery saps stocks momentum, knocks euro

LONDON (Reuters) – Sombre economic numbers including euro zone data pointing to a faltering recovery doused global stock market gains on Friday and saw the euro recoil further from recent peaks. Global equities dipped into the red and the pan-European STOXX 600 gave away early gains to fall 0.6%, while U.S. futures pointed to a […]

Asian shares cautious as Sino-U.S. tensions weigh

SYDNEY (Reuters) – Asian stocks held tight ranges on Monday as worries over flaring tensions between the United States and China weighed on sentiment although signs of a recovery in industrial activity in the world’s second-largest economy capped losses. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS see-sawed between red and green but held […]