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The Latest Breaking News from Hong Kong

Markets rally, oil holds losses on Russia-Ukraine hopes

Hong Kong (AFP) - Asian markets rebounded and oil held most of the previous day's steep losses Wednesday on hopes that Russia will not invade Ukraine after Moscow said some of its troops on the countries' border had started pulling back.

AFP

Xi tells Hong Kong to control Omicron-fuelled outbreak

Directive in territory’s Chinese language media comes with authorities expected to report record number of daily cases.

Al Jazeera

Why Alibaba, Tesla Rivals Xpeng, Li Auto Are Striking Major Gains In Hong Kong Today

Shares of U.S.-listed Chinese tech companies advanced in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory.

Benzinga

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China's Xi: Control of Hong Kong surge is 'overriding task'

A Hong Kong news outlet says China's leader Xi Jinping has taken a personal interest in the city's coronavirus outbreak, saying it was the Hong Kong government's “overriding task” to control the situation

The Independent UK

Coronavirus updates | February 16, 2022

India logs 30,615 new COVID-19 infections, 514 deaths; cumulative COVID-19 vaccine doses administered in the country reaches nearly 174 crore.

The Hindu

Markets rise, oil holds losses on Russia-Ukraine hopes

Hong Kong (AFP) - Asian markets rebounded and oil held steep losses Wednesday on hopes that Russia will not invade Ukraine after Moscow said some of its troops on the countries' border had started pulling back.

AFP

Xi tells Hong Kong's leaders to control COVID as infections spiral

(Adds government statement on food supply)

Reuters

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Tesla Model Y Officially Arrives In UK: Delivery Events Abound

The right-hand-drive Model Y is produced at Tesla's Gigafactory in China, though the first batches were reserved for Hong Kong and other markets in Asia.

InsideEVs

Lacking Revenue, Lepu Biopharma Chases IPO to Revive War Chest

Key takeaways: Lepu Biopharma has yet to generate product-related revenue, and with only $41 million in cash is desperate for a quick capital injection through an IPO Cancer treatment specialist has sold out international portion of its share quota, but domestic portion has met with lukewarm reception By Fai Pui

Benzinga

Fears of online censorship in Hong Kong as rights group website goes down

UK-based Hong Kong Watch says outage could be part of wider Beijing crackdown

The Guardian - UK

DiDi To Slash 20% Workforce Ahead Of Hong Kong Listing: Report

China's Uber Technologies Inc (NYSE:UBER) counterpart DiDi Global Inc (NYSE:DIDI) looks to reduce its overall headcount by 20% as it pushes ahead with its Hong Kong listing, Bloomberg reports. Most of DiDi's core businesses will be affected by the cuts. DiDi aims to reduce expenses ahead of the Hong Kong listing. The report adds that…

Benzinga

Hong Kong police arrest singer for alleged sedition - media

Hong Kong police said on Tuesday they had arrested a 41-year-old man for suspected sedition and money laundering, whom local media identified as singer Tommy Yuen.

Reuters

Hong Kong rules out citywide lockdown as cases continue to surge

Hong Kong leader Carrie Lam on Tuesday ruled out a citywide lockdown to fight COVID-19, but a surge of infections meant she could not "preclude" the possibility of postponing next month's chief executive election.

Reuters

Asia markets drop but signs of easing Ukraine tensions lift Europe

Hong Kong (AFP) - Asian markets mostly fell again Tuesday on fears that Russia is about to invade Ukraine, but early signs that tensions could be easing boosted European stocks and sent oil prices down.

AFP

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The Guardian - AU

Hong Kong turns public housing into Covid quarantine facilities as it battles Omicron surge

Fears that city struggling with 2,000 coronavirus cases a day could see daily figures reach 30,000

Reuters

Hong Kong rights group says website not accessible through some networks

The website of U.K.-based human rights group Hong Kong Watch could not be accessed through some networks in the Chinese-ruled city, stoking concerns of internet censorship in the global financial hub, the organisation said.

AFP

Hong Kong leader rules out China-style lockdown as virus spreads

Hong Kong (AFP) - Hong Kong's leader on Tuesday said she would not impose a mainland China-style hard lockdown as the city faces its worst coronavirus wave to date, even as she vowed no switch to living with Covid-19.

Benzinga

Tesla Rivals Li Auto, Xpeng Strike Gains In Hong Kong While Alibaba, Other Tech Giants Are Muted

Shares of U.S.-listed Chinese tech companies — led by the electric vehicle makers — traded somewhat higher in Hong Kong on Tuesday, even as the benchmark Hang Seng Index was muted.

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AFP

Ukraine fears weigh on markets but 'chance' of deal provides hope

Hong Kong (AFP) - Asian markets mostly fell again Tuesday, extending a global sell-off fuelled by fears that Russia is about to invade Ukraine, though the losses were more muted than the previous day and oil dipped after Moscow said a diplomatic agreement was still possible.

Benzinga

GCL-Poly Eyes More Debt Reduction With Potential STAR Market Listing

Key Takeaways: GCL-Poly says it is studying the possibility of a secondary listing on the Chinese mainland Such a listing would most likely occur on the Nasdaq-style STAR Market, which has rewarded such secondary listings with high valuations By Doug Young

Axios

Hong Kong "overwhelmed" by COVID surge

The surge has "dealt a heavy blow to Hong Kong and overwhelmed the city's capacity of handling," Carrie Lam said.

Evening Standard

Galliard Homes bets on continued demand for London property in Hong Kong despite exodus

The developer is opening its first dedicated sales office in Hong Kong even as tens of thousands seek to move away from the city state

The Independent UK

Hong Kong to vaccinate 3-year-olds amid new COVID-19 surge

Hong Kong plans to offer COVID-19 vaccines to children as young as 3 as infections rage through the semi-autonomous Chinese city

AFP

Markets tumble, oil rises on Ukraine conflict fears

Hong Kong (AFP) - Asian and European markets sank and oil prices rallied Monday after the United States warned Russia could attack Ukraine within days as diplomatic efforts to prevent a war appeared to fail, while fears over inflation were also keeping traders on edge.

AFP

Asian markets drop, oil rises on Ukraine conflict fears

Hong Kong (AFP) - Asian markets fell and oil prices rallied Monday after the United States warned Russia could attack Ukraine within days as diplomatic efforts to prevent a war appeared to fail, while fears over inflation were also keeping traders on edge.

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