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The Latest Breaking News from Hong Kong

Why Alibaba, JD And Tesla Rivals Nio, Xpeng Are Crashing In Hong Kong Today

Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Friday, dragging the benchmark Hang Seng Index into negative territory, on fears of increased scrutiny by American regulators and the escalating Russia-Ukraine war.

Benzinga

WHO Foundation chief ‘very concerned’ over UK dismantling Covid testing as pandemic ‘isn’t over’

Exclusive: UK’s choice to dismantle Covid-19 testing is “very worrying” says leading WHO head

The Independent UK

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

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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

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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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

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

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.

Al Jazeera

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

The Guardian - AU

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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.

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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

The Times of India

Why it's so hard for China to exit 'Covid Zero'

BEIJING: When Covid-19 flared in the northern Chinese border region of Ejin late last year, it revealed a key impediment to the country charting an exit from its zero-tolerance pandemic strategy.

Reuters

China says Hong Kong must stick to "dynamic zero" COVID strategy

A top Chinese health official rallied embattled Hong Kong on Tuesday to stick with a "dynamic zero" coronavirus strategy and warned that the city's "lifeline" health system was at risk and the situation had to be turned around as soon as possible.

Benzinga

Alibaba Strikes Gains Even As Tech Peers Drop In Hong Kong Today - What's At Play?

Shares of U.S.-listed Chinese tech companies fell in Hong Kong on Tuesday, weighing on the benchmark Hang Seng Index, while Alibaba Group Holding Limited (NYSE: BABA) bucked the trend to jump over 1%.

The Independent UK

AP PHOTOS: Scenes from Hong Kong's COVID-19 crisis

The fast-spreading omicron variant is overwhelming Hong Kong, prompting mass testing, quarantines, supermarket panic-buying and a shortage of hospital beds. Even the morgues are overflowing, forcing authorities to store bodies in refrigerated shipping containers.

Bangkok Post

US issues Thailand travel warning

The US Centers for Disease Control and Prevention (CDC) on Monday urged Americans to avoid travel to Thailand, Hong Kong and New Zealand over Covid-19 cases.

Bangkok Post

Americans advised to avoid travel to Thailand

WASHINGTON: The Centers for Disease Control and Prevention (CDC) on Monday added Thailand, Hong Kong and New Zealand to its list of destinations Americans are advised not to visit because of Covid-19.

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