Oct 11, 2022 19:41 PM- U.S. Warns Hong Kong on Sanctions After Russian Megayacht Turns Up
- The $500 million Nord vessel tied to tycoon Alexey Mordashov arrived in the city on Wednesday
Oct 11, 2022 19:00 PM- Chipmaker Rout Engulfs TSMC, Samsung With $240 Billion Wiped Out
- U.S. curbs to China’s access to technology have led Chinese state media and officials to warn of economic consequences
Oct 11, 2022 16:43 PM- Malaysia Stocks, Currency Decline After PM Dissolves Parliament
- The dissolution comes three days after the government presented a budget for next year that cuts taxes while still narrowing the fiscal deficit through more targeted subsidies
Oct 11, 2022 16:25 PM- BYD, Tesla’s Record Sales Lead China EV Surge
- Total new-energy vehicle sales, which include pure-electric cars and plug-in hybrids, rose 83% from a year earlier to 611,000 units, data shows
Oct 11, 2022 03:03 AM- China SCE and Shimao Units Miss $225 Million in Trust Payments
- Property developers’ bank accounts frozen following another in a string of defaults amid the industry’s long-running liquidity crunch
Oct 11, 2022 02:49 AM- Chinese Battery Maker CALB Makes Lukewarm Debut in Hong Kong
- While raising $1.3 billion, shares of EV energy storage producer sag after opening as market sentiment for the sector cools from last year
Oct 10, 2022 22:39 PM- Malaysia’s Prime Minister Dissolves Parliament, Paving Way for Early Election
- By law, a general election must be held within 60 days after parliament is dissolved
Oct 10, 2022 18:19 PM- Global Chip Stocks Tumble as Biden Expands Technology Curbs
- Chinese bellwether SMIC fell 4% in Hong Kong, the most in five weeks
Oct 10, 2022 16:40 PM- Chinese Hotpot Eatery Haidilao’s Bonds Jump on Buyback Plan
- The restaurant chain is looking to rebuild its business as Covid restrictions ease, but analysts warn a slowing economy and property slump may keep spending low
Oct 08, 2022 17:40 PM- China’s Holiday Spending Slumps as Consumer Demand in Asia Slows
- Tourism revenue over the week-long National Day break dropped nearly 56% compared to pre-pandemic levels in 2019 and 26% from last year
Oct 08, 2022 03:39 AM- White House Imposes New Restrictions on Chip Exports to China
- Biden administration cites military concerns in adding 31 Chinese companies to list of entities subject to technology export controls
Oct 08, 2022 03:15 AM- Hong Kong Entrenches Covid Testing Requirements for Residents
- City government creates network of 85 sites withing walking distance for 5 million people and slashes the cost of PCR tests
Oct 07, 2022 16:22 PM- Samsung Profit Sinks 32% as Memory Chip Downturn Worsens
- Operating earnings fell to $7.7 billion for the three months ended September, the company says
Oct 07, 2022 16:15 PM- Zinc and Aluminum Rise as LME Bans New Metal From Russian Firm
- The exchange’s restrictions on Ural Mining & Metallurgical helped support industrial metal prices, which have slumped this year amid concerns over demand from China’s ailing construction sector
Oct 07, 2022 03:57 AM- How a Mini Electric Hatchback Became One of China's Hottest EVs
- Consumers race to buy Leapmotor’s T03 model, but the startup isn’t making money on it, and last week’s Hong Kong Debut was disastrous
Oct 07, 2022 03:43 AM- Offshore Yuan Gains Seen Allaying China’s Currency Woes — for Now
- Pullback of dollar helps as traders bet the Fed will ease off on policy tightening, but yuan will still feel pressure in a weakened economy
Oct 06, 2022 13:43 PM- Hong Kong Recovery Falters as PMI Falls to Worst in Six Months
- The S&P Global Purchasing Managers’ Index fell to 48 in September, the lowest reading since March, when the city was at the peak of its fifth virus wave
Oct 06, 2022 13:41 PM- World Currency Reserves Shrink by $1 Trillion in Record Drawdown
- As the dollar jumped to two-decade highs against other reserve currencies, central banks outside the U.S. are spending their forex holdings to support their own currencies
Oct 06, 2022 13:38 PM- India, Indonesia Bonds Outperform China Despite Global Sell-Off
- The two countries’ sovereign debt lost 0.4% and 1.5% respectively for dollar-based investors in the third quarter, less than other emerging markets
Oct 05, 2022 17:40 PM- Hong Kong Stocks Surge After Holiday, Joining Global Rally
- The benchmark Hang Seng Index jumps more than 6%, offering some reprieve for investors after losses this year that have been among the worst in the world
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