HONG Kong officials this week will unveil plans on how they will solve the mounting challenges facing Asia’s financial capital – chief among them slower growth and the longest string of fiscal deficits in two decades.
Equity indexes in Hong Kong and mainland China dropped at the open and a regional gauge of shares fell for a second consecutive day.
Hong Kong stocks retreated from a four-month high on Thursday after a rally that sent a key gauge of Chinese technology stocks into a bull market took a breather, as investors pared bets because of the Federal Reserve's hawkish interest-rate outlook.
In U.S., the three major averages closed lower on Friday, as fresh data raised investors' concerns on the economy. Losses also intensified amid fears of further policy moves by U.S. President Donald Trump, who has already proposed a slew of tariffs and other changes within a month of taking office.
Asian markets mostly fell today following a dour end to last week for Wall Street, where a disappointing round of data added to concerns about the
From Ford CEO Jim Farley criticizing Trump’s tariffs, to CATL eyeing Hong Kong’s largest stock offering in four years, here’s a look at the key global developments in this edition of World Street.
Asian stock markets mostly traded higher on Thursday as traders responded to higher-than-expected US inflation data.
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