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The Latest Breaking News from Hong Kong

Asian stocks retreat on fears of recession from Covid damage

Hong Kong (AFP) - Asian equities retreated Monday following last week's temporary rally on Wall Street due to fears of surging inflation and supply chain woes inflicted by Beijing's punishing zero-Covid policy.

AFP

Hong Kong railway fans queue overnight to try new cross-harbour train

HONG KONG: Hong Kong railway fans on Sunday rushed to board the first train at dawn on a newly opened, cross-harbour section of the city's costliest MTR project, with the long-awaited launch coming off years of repeated delays and cost overruns.

Bangkok Post

China tightens curbs on overseas travel as part of Covid battle

HONG KONG: China has said it will impose tight restrictions on "non-essential" overseas travel for its citizens to help contain the worst coronavirus outbreak the country has seen in the past two years.

Bangkok Post

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US rate hikes strain Hong Kong's virus-weakened economy

Hong Kong (AFP) - Recent rate hikes from the Federal Reserve have come at a bad time for Hong Kong which, thanks to its US dollar peg, must follow suit despite its own flagging economy.

AFP

GRAVITY Shares Soar Post Q1 Results; Ragnarok Drives Online Gaming Revenue

GRAVITY Co, Ltd (NASDAQ:GRVY) reported a first-quarter FY22 revenue decline of 15.7% year-on-year to $73.1 million. Online game revenues rose 10.2% Y/Y to $ 17.7 million due to increased revenues from Ragnarok Online in Taiwan, the Philippines, Singapore, and Malaysia. Mobile game revenues declined 23.3% Y/Y to $52.2 million due to revenues from…

Benzinga

Interactive Brokers' Carbon Offsets Feature To Be Available On Firm's IMPACT App

Interactive Brokers Group Inc (NASDAQ: IBKR) announced the launch of Carbon Offsets to its clients in Western Europe, Hong Kong and Singapore.

Benzinga

Trio jailed for Hong Kong's priciest art heist

Hong Kong (AFP) - Three burglars who carried out a record-breaking $637 million art heist in Hong Kong but remained oblivious to the value of their historic haul were jailed Friday, local media reported.

AFP

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Asian stocks up after Fed boss calms nerves over rates

Hong Kong (AFP) - Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment.

AFP

‘I told Jackie Chan, your loss, my bro!’: how Everything Everywhere gave Michelle Yeoh the role of a lifetime

The action superstar shines in a new multiverse comedy. She talks about her high-risk, low-budget Hong Kong days, why you can be a superhero in your 60s – and whether she could kick James Bond’s butt

The Guardian - UK

Alibaba Up 2.8%, Nio Jumps 5.8%: What's Pushing Hong Kong Markets Higher Today

Shares of U.S.-listed Chinese companies traded higher in Hong Kong on Friday, after ending the previous session deep in the red.

Benzinga

Asian stocks up as investors calm over potential Fed moves

Hong Kong (AFP) - Asian equities were mostly up Friday following a tumultuous trading period on Wall Street, which rebounded at the close after investors calmed down about US policies to counter surging inflation.

AFP

Hong Kong looks to boost tourism with new campaign

As the fifth wave of Covid-19 fades and life returns to normal, the Hong Kong Tourism Board (HKTB) recently unveiled a revitalisation strategy to highlight Hong Kong's fresh views and open the door to travellers.

Bangkok Post

Hong Kong police file complaints to lawyer groups over national security case

Hong Kong police said on Thursday they had filed complaints to the city's main professional legal bodies over a national security case involving a fund that had assisted pro-democracy protesters to pay for legal services.

Reuters

The ASTRO Is A Stylish And Surprisingly Quick Electric Bicycle

C3STROM, an e-mobility startup from Hong Kong, has introduced the ASTRO e-bike, a surprisingly quick electric bicycle with a futuristic design.

RideApart

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Benzinga

Vodafone Mulls Merging UK Unit With CK Hutchison's Three

Telecoms group Vodafone Group Plc (NASDAQ:VOD) is in talks to combine its U.K. operations with Three UK, the mobile operator owned by Hong Kong infrastructure conglomerate CK Hutchison Holdings LTD (OTC:CKHUY), the Financial Times reports. The deal could help consolidate the British mobile market as Vodafone faces pressure from Europe’s most prominent activist investor, Cevian…

AFP

Asian, European stocks down as inflation fears churn markets

Hong Kong (AFP) - Asian and European equities slumped on Thursday following Wall Street's lead, after a key US report renewed fears of inflation and a tightening of monetary policies.

WEKU

A Catholic cardinal and others are arrested on Hong Kong security law

The White House and U.S. politicians join others around the world in calling for the release of a retired archbishop, singer and others in the Chinese territory.

The Independent UK

Arrested Hong Kong cardinal a fiery critic of Beijing

The 90-year-old retired Hong Kong archbishop who was arrested by Hong Kong police on national security charges has long been a fiery critic of Beijing and the Vatican's efforts to reach a working arrangement with the ruling communists

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AFP

China defends Hong Kong cardinal's arrest as Western alarm grows

Hong Kong (AFP) - China on Thursday defended the arrest of a 90-year-old Catholic cardinal under Hong Kong's national security law, a move that triggered international outrage and deepened concerns over Beijing's crackdown on freedoms in the financial hub.

Benzinga

Why Nio And Electric Vehicle Peers Are Plunging In Hong Kong Today

Shares of U.S.-listed Chinese electric automakers Nio Inc.

Benzinga

Why Alibaba, Tech Peers Are Slumping In Hong Kong Today

Shares of U.S.-listed Chinese tech firms traded in negative territory in Hong Kong on Thursday amid weak global cues.

AFP

Cardinal's arrest deepens alarm over Hong Kong crackdown

Hong Kong (AFP) - The arrest of a 90-year-old Catholic cardinal under Hong Kong's national security law has triggered international outrage and deepened concerns over China's crackdown on freedoms in the financial hub.

AFP

Asian stocks down as inflation fears churn markets

Hong Kong (AFP) - Asian equities slumped on Thursday following Wall Street's lead, after a key US report renewed fears of inflation and a tightening of monetary policies.

WEKU

A look at Hong Kong's new leader, John Lee — and his history with the territory

Hong Kong's new leader, John Lee, rose through the law enforcement ranks to become the territory's No. 2 under outgoing Chief Executive Carrie Lam. He faces governing a divided and mistrustful city.

Benzinga

Travel Platform Agoda Offers New Payment Option In Asia Pacific Region

Booking Holdings Inc (NASDAQ:BKNG) owned travel platform Agoda has partnered with Visa Inc (NYSE:V) to offer interest-free credit card installments across its booking platform. The installments are exclusively applicable to HSBC Bank Malaysia credit card holders. Visa and Agoda plan to progressively roll out the offering regionwide to locations like Australia, Hong Kong, Singapore, Thailand,…

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