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The Latest Breaking News from Hong Kong

Hong Kong authorities to investigate concert accident

Hong Kong officials say they will open an investigation into a concert accident in which a giant video screen fell down onto the stage and injured two dancers

The Independent UK

Hong Kong activists face years in jail for subversion

Hong Kong (AFP) - Four Hong Kong activists on Friday pleaded guilty to subversion, a violation that could see them jailed for years under the city's Beijing-imposed national security law.

AFP

Markets mixed as US contraction lifts bets on slower Fed hikes

Hong Kong (AFP) - Asian stocks were mixed Friday after another contraction in the US economy reinforced recession fears but boosted expectations that the Federal Reserve will slow its pace of interest rate hikes.

AFP

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Giant screen falls and crushes dancers at concert by Hong Kong boy band Mirror

One of the dancers is believed to be seriously injured following the horrific incident

Evening Standard

Asian markets rise as US data boosts hopes of slower Fed hikes

Hong Kong (AFP) - Asian stocks rose Friday after data showing another contraction in the US economy boosted hopes that the Federal Reserve will slow its pace of interest rate hikes.

AFP

Horrifying footage of the moment a massive screen crushes performers

Shocking footage has emerged showing the moment a massive video screen suspended above a stage has fallen, crushing performers below.

The New Daily

Alibaba Slumps 4% After Reports Of Jack Ma's Plan For Ant: Hang Seng Falls Despite Wall Street Rally Amid Xi-Biden Phone Call

Hong Kong’s benchmark Hang Seng Index was in the red on Friday, losing over 0.5% in opening trade, despite a continuing rally on Wall Street. Alibaba shares fell close to 4% following reports Chinese billionaire Jack Ma is planning to cede control of Ant Group.

Benzinga

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Falling screen hits 2 dancers on stage at Hong Kong concert

A falling video screen has struck and injured two dancers on stage as Cantopop band Mirror was performing in Hong Kong

The Independent UK

Giant video screen falls during Hong Kong pop concert, dancers hurt

A big video panel fell onto a stage during a concert by Hong Kong boyband Mirror on Thursday, injuring at least two dancers, one of them seriously, and prompting authorities to ban the group from performing pending an investigation.

Reuters

Hong Kong boy band ends show after falling screen hits dancers

Hong Kong (AFP) - At least two Hong Kong dancers were injured on Thursday night after being hit by a falling screen at a concert of the city's most popular boy band Mirror.

AFP

Asia’s richest woman loses half £19billion fortune after property market crashes

At her peak, Yang Huiyan's £19.5billion fortune eclipsed that of fellow Chinese billionaires Fan Hongwei and Wu Yajun, both worth around £10.8billion at the time

Daily Mirror

US carrier strike group returns to S. China Sea amid Taiwan tensions

HONG KONG: A US aircraft carrier and its strike group have returned to the South China Sea after a port call in Singapore, deploying in the disputed region as tensions with China rise over a possible visit to Taiwan by congressional leader Nancy Pelosi.

Bangkok Post

Asia, Europe track post-Fed surge on Wall St but caution urged

Hong Kong (AFP) - Asian and European markets rose Thursday following a surge on Wall Street fuelled by hopes that the Federal Reserve could slow its pace of inflation-fighting interest rate hikes.

AFP

Indebted Evergrande looks to sell Hong Kong headquarters again

Hong Kong (AFP) - Troubled Chinese property developer Evergrande has found a potential buyer for its Hong Kong headquarters, reports said Thursday, days before an expected announcement of the firm's long-awaited restructuring plans.

AFP

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AFP

Easy targets: Drug mules fill women's jails in Hong Kong

Hong Kong (AFP) - Zoila Lecarnaque Saavedra sealed her fate when she agreed to transport a package from Peru to Hong Kong -- a decision that landed her more than eight years in prison.

AFP

Asian markets track post-Fed surge on Wall St, but caution urged

Hong Kong (AFP) - Asian markets rose Thursday following a surge on Wall Street fuelled by hopes that the Federal Reserve could slow its pace of inflation-fighting interest rate hikes.

The Independent UK

UN experts urge Hong Kong authorities to repeal security law

Independent human rights experts backed by the United Nations are calling on authorities in Hong Kong to repeal a national security law that squelched protests and criticism over China’s tightening grip on the freewheeling semi-autonomous region

WEKU

Hong Kong's Star Ferry faces an uncertain future, as ridership falls and debt climbs

A drop in tourism due to political turmoil and the pandemic led to financial woes for the ferry, which has taken passengers across Victoria Harbor for decades. Now there are fears it may go bankrupt.

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Reuters

Hong Kong security law, imposed by China and denounced by the West, must be repealed, says U.N. panel

Hong Kong's controversial national security law should be repealed, experts on the UN Human Rights Committee said on Wednesday, amid concerns the legislation is being used to crack down on free speech and dissent in the former British colony.

Bangkok Post

Hong Kong to launch tech fund to attract local firms, foreign start-ups

HONG KONG: Hong Kong will launch a fund worth HK$5 billion (23 billion baht) next month to support local tech companies and attract foreign start-ups, the city's finance chief has said.

AFP

Most markets rise as traders prepare for Fed meeting

Hong Kong (AFP) - Stocks mostly rose Wednesday, rebounding from an early sell-off thanks to earnings from top US tech giants that eased concerns about consumer demand.

AFP

'Prison Gothic': Hong Kong road signs reborn as new font

Hong Kong (AFP) - Handmade in jail, the Chinese characters on Hong Kong's old road signs have a distinct style that a group of enthusiasts has painstakingly documented and turned into a new digital font -- "Prison Gothic".

AFP

Most Asian markets down as Fed prepares latest hike

Hong Kong (AFP) - Stocks fell Wednesday as recession fears returned to the forefront of traders' minds ahead of an expected Federal Reserve interest rate hike later in the day.

Benzinga

Alibaba, Nio Fall Over 3% As Hang Seng Tracks Weaker Wall Street Close: All Eyes Now On Aussie Inflation Data

Shares of Alibaba, Nio and Li Auto lost more than 3% on Wednesday morning with the Hong Kong’s benchmark index Hang Seng falling over 1%, ahead of the release of Australia’s inflation report.

Benzinga

Didi Slapped With Hefty $1.2 Billion Fine. How Was the Amount Determined?

Key Takeaways: China’s cybersecurity regulator imposed a big fine of $1.2 billion on Didi after closing a year-long investigation into the company, but how it arrived at the amount has raised concern in the market

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