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The Latest Breaking News from Hong Kong

Here's How Nio Fared In Hong Kong Debut, As It Joined Rivals Xpeng, Li Auto On The Bourse

Nio Inc’s (NYSE: NIO) shares soared as much as 12% in their Hong Kong debut on Thursday. What Happened: Nio stock traded at HK$162 apiece around noon.

Benzinga

Asian markets join global rally, oil rebounds from plunge

Hong Kong (AFP) - Asian equities rallied Thursday following a strong bounce on Wall Street and a breathtaking surge in Europe sparked by a plunge in oil prices and bargain-buying following a Ukraine-fuelled rout.

AFP

China Fights New COVID-19 Spike with More Selective Approach

China is tackling a COVID-19 spike with selective lockdowns and other measures that appear to slightly ease its draconian “zero tolerance” strategy. In Hong Kong, which recorded more than 58,000 new cases on Thursday, barber shops and hair salons were reopening.

Asharq Al-Awsat

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Asia stocks track US and European surge, oil ticks up

AFP

Hong Kong protests documentary breaks Taiwan box office record in opening weeks

Revolution of Our Times looks at the 2019 demonstrations, which some Taiwanese saw as a warning sign about their own future

The Guardian - AU

Alibaba, EV Stocks Snap Losing Streak In Hong Kong Today; Tesla Rival Nio Surges On Debut — What's Driving The Rebound?

Shares of U.S.-listed Chinese tech companies traded higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index into positive territory after a four-day slump.

Benzinga

Hong Kong leader plans to reopen city only after controlling latest COVID outbreak

Hong Kong leader Carrie Lam said on Thursday it was not the time to lift a ban on flights from nine countries including the United States and Britain, with plans to reopen the city only after the government controls a deepening coronavirus outbreak.

Reuters

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Asia stocks track US, European surge, oil extends losses

AFP

Hong Kong Shifts Covid Strategy to Reduce Surge in Fatalities

Mass testing plan goes on hold as authorities focus on vaccinating the elderly and expanding treatment capacity for the sick

Caixin Global

Nio Bounces Off Bottom Ahead Of Thursday's Hong Kong Listing: What Investors Should Know

Nio, Inc. (NASDAQ: NIO) shares, which fell to their lowest level in 1-1/2 years on Tuesday, are rebounding from the depressed level. In addition to the broader market strength, the stock is receiving support from the optimism around its planned debut on the Hong Kong stock exchange on Thursday.

Benzinga

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports. The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.…

Benzinga

Cathay Pacific operating at 2 per cent of normal capacity as Hong Kong remains sealed off

Company memo says airline will go through HK$1 billion (£97m) and HK$1.5 billion (£145m) every month ‘until conditions improve’

The Independent UK

Stock markets mixed, oil extends gains with focus on Ukraine

Hong Kong (AFP) - Equities were mixed Wednesday as three days of painful losses gave way to a semblance of stability, though oil prices extended gains after the United States and Britain moved to ban imports of Russian crude.

AFP

Hong Kong leader says no fixed time frame for mass testing

Hong Kong leader Carrie Lam says reducing the skyrocketing number of deaths in the latest coronavirus surge is the city’s priority, putting a plan to test the entire population on hold in the latest flip-flop in the government’s pandemic response

The Independent UK

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Al Jazeera

In ‘zero COVID’ Hong Kong, deaths smash global records

Poor vaccine coverage among elderly population results in city reporting the highest death rate in the world.

AFP

Mandatory Hong Kong Covid testing 'not a priority': city leader

Hong Kong (AFP) - Hong Kong's leader said Wednesday that mandatory coronavirus testing was no longer a priority after plans for mass screening of all 7.4 million residents and an accompanying citywide lockdown triggered panic.

The Guardian - AU

China builds new bridge to Hong Kong to rush in workers as Covid cases surge

The temporary bridge will aid work on a makeshift hospital as the city’s Covid death rate reaches world’s highest per 1m people

AFP

Asian markets rally fades, oil extends gains with focus on Ukraine

Hong Kong (AFP) - Asian equities were mixed Wednesday as three days of painful losses gave way to a semblance of stability, though oil prices extended gains after the United States and Britain moved to ban imports of Russian crude.

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AFP

Cathay Pacific slashes loss to $703 mn from $2.76 bn in 2020

Hong Kong (AFP) - Hong Kong carrier Cathay Pacific on Wednesday posted a loss of just over US$703 million for last year, a massive improvement on the record loss suffered in 2020 even as the airline struggled with tough travel restrictions.

Benzinga

Alibaba, Tech Peers Drag Hong Kong Shares Down For Fourth Day — What's Fraying Investor Nerves?

Shares of U.S.-listed Chinese tech companies slumped in Hong Kong on Wednesday and weighed on the benchmark Hang Seng Index, which extended losses to a fourth straight day.

Reuters

Hong Kong’s zero-COVID fight takes mental toll on society, experts say

Hong Kong resident Yeung waited for 13 hours outside a hospital in the city's eastern district in cold, rainy weather with his 3-year-old daughter, who had a high fever, before they could be admitted for COVID-19 treatment.

Reuters

Hong Kong leader urges suitable timing for mass testing effort

Compulsory mass testing for coronavirus would be useful but needs to be done at a suitable time, Hong Kong leader Carrie Lam said on Wednesday, following anxiety among the 7.4 million residents of the financial hub bracing for a citywide lockdown.

Reuters

Hong Kong to focus COVID resources on elderly, no date set for mass tests

Hong Kong announced plans to devote more medical resources to elderly people on Wednesday as COVID-19 infections swept through care homes and deaths climbed rapidly among the mainly unvaccinated seniors.

AFP

Asian markets edge up, oil extends gains with focus on Ukraine

Hong Kong (AFP) - Asian equities mostly edged up Wednesday as three days of painful losses gave way to a semblance of stability, though oil prices extended gains after the United States and Britain moved to ban imports of Russian crude.

Caixin Global

China Throws Up Temporary Bridge to Build Covid Hospital in Hong Kong

Span will convey workers and materials as special administrative region fights the world’s highest Covid death rate

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