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The Latest Breaking News from Hong Kong

Alibaba, Nio Jump Over 3%: Hong Kong Shares Rally With Asia On Strong Wall Street Cues, China Inflation Data Tepid

Hong Kong stocks opened in the green on Friday after major Wall Street indices closed over 2% overnight despite high consumer inflation data for September. China’s subdued inflation for September also seems to have lifted sentiments.

Benzinga

Hong Kong tries to stop brain drain

HONG KONG: Hong Kong is considering easing property taxes and visa restrictions as authorities seek to curb a pandemic brain drain that has threatened the city’s status as an international financial hub.

Bangkok Post

Global cities are fragile by nature. Here are some on their way down

Hong Kong, San Francisco and Moscow are losing, while today’s winners Dubai and Miami are at risk

Financial Times

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Hong Kong eyes property tax cut, visa moves to reverse Covid brain drain

Hong Kong is considering easing property taxes and visa restrictions as authorities seek to curb a pandemic brain drain that’s threatened the city’s status as an international financial hub.

Bangkok Post

Alibaba, Nio Shares Fall: Hang Seng Merely 350 Points Away From 2009 Lows

Hong Kong stocks opened in the red on Thursday as investors shifted focus to U.S. inflation data due later in the day. The benchmark Hang Seng opened 1.11% down and was last seen trading at 16,538, just nearly 350 points away from hitting its 2009 lows.

Benzinga

MontAzure preps mixed-use project in Phuket

MontAzure, a joint venture mixed-use project with Thai, Singaporean and Hong Kong-based investors, plans to develop branded residences and wellness facilities on the remaining 30% of a 454-rai plot in Phuket.

Bangkok Post

Abundant, cheap airfares bode well for Taiwan in high season

With plentiful flights and cheaper prices than the most popular destination Japan, tourism exchanges between Thailand and Taiwan as well as Hong Kong could emerge stronger during the high season.

Bangkok Post

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Hong Kongers dash to Japan as country reopens to solo travellers

HONG KONG: Hundreds of Hong Kongers undaunted by expensive air fares and ticket troubles have dashed to Japan on the first day of its reopening to solo travellers, while a budget airline has increased flights to popular destinations in the country.

Bangkok Post

Brighter Times Could Beckon for JD.com after Stormy Spell

Key Takeaways: Key factors in a JD share-price rally would be the results of a U.S. regulatory review of Chinese stocks and the expected launch next year of a scheme to promote dual-currency share trading in Hong Kong A settlement in a sexual assault case against company founder Richard Liu…

Benzinga

Sick IPO? Clifford Medical Eyes Listing Despite Huge Reliance on Single Hospital

Key Takeaways: Clifford Medical has filed for a Hong Kong IPO, even though its financials have been volatile in recent years and a single hospital contributes 94% of its revenue The company has a high debt burden due to its need to invest heavily in capital-intensive assets like medical facilities…

Benzinga

Elon Musk a businessman who ‘doesn’t know much about Taiwan’: Su

Taiwan’s premier rebukes billionaire after he suggested island should become a ‘special administrative zone’ of China.

Al Jazeera

Hong Kong shares dive to 11-year low as China touts ‘zero COVID’

Hang Seng Index plunges to below 17,000 points as Beijing vows to stick with controversial pandemic strategy.

Al Jazeera

Live Updates: Russia-Ukraine War

Ukraine’s State Emergencies Service says that 19 people were killed and 105 others were wounded in Monday’s Russian missile strikes across Ukraine

The Independent UK

Hong Kong leader says ‘no legal basis’ to seize Russian megayacht

John Lee says financial hub will only enforce UN sanctions after yacht linked to Russian tycoon anchors in city.

Al Jazeera

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Benzinga

Alibaba, Nio Shed Over 3%: Hong Kong Shares Continue To Bleed, Semiconductor Rout Spreads Across Asia

Hong Kong stocks opened in the red on Tuesday after the Nasdaq index closed at its lowest level since July 2020 and a semi-conductor stock rout spread across Asian markets like Taiwan and South Korea which opened for trading after the holidays.

Al Jazeera

South Korea improving on inequality, Hong Kong slipping: Oxfam

UK-based charity says rich and poor countries alike exacerbated rising economic inequality during the pandemic.

Reuters

Hong Kong leader says "no legal basis" to act on Russian superyacht

Hong Kong leader John Lee said on Tuesday there was "no legal basis" for the city to act on Western sanctions, when asked about a Russian yacht berthed in the financial centre that belongs to a sanctioned Russian oligarch.

Bangkok Post

Japan the top market for Thai tourists

Late last month, after a period of more than two years, some good news arrived at last for Thai tourists, after the main Asian outbound markets -- Japan, Hong Kong and Taiwan -- announced the full reopening of their borders.

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The Independent UK

US warns Hong Kong against helping sanctioned individuals

The U.S. has warned Hong Kong that its status as a financial center could be affected if it acts as a safe haven for sanctioned individuals, days after a luxury yacht connected to sanctioned Russian tycoon Alexey Mordashov docked in the city

Bangkok Post

CNN reporters leave Thailand after controversial report

Two CNN reporters left Thailand for Hong Kong on Monday after their visas were withdrawn following their report on the preschool mass shooting raised questions about their ethics and professionalism.

The Guardian - AU

Taiwan politicians dismiss Elon Musk’s ‘ill-informed and belittling’ China comments

Musk, the world’s richest person, suggested giving China some control over the island to resolve the cross-strait dispute

The Independent UK

Ronnie O’Sullivan revels in ‘fantastic’ victory in front of huge Hong Kong crowd

O’Sullivan triumphed in front of a record 9,000 fans at the Hong Kong Coliseum.

The Guardian - UK

Taiwan’s citizen warriors prepare to confront looming threat from China

Businessman Robert Tsao bankrolls a people’s island militia – inspired by the example of Ukraine – to defend against invasion

Evening Standard

Hong Kong: First teenagers detained under national security law

Police in Hong detain a suspect during protests.

Newslaundry

Daily Dose Ep 1171: Hardeep Puri on India’s oil imports, IAF to have female Agniveers

Veronica Joseph brings you the news from Jharkhand, New Delhi, Bihar, the United States of America and Hong Kong.

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