US firms with Hong Kong headquarters hit 18-year low

HONG KONG (BLOOMBERG) – The number of American companies with regional headquarters in Hong Kong has fallen to an 18-year low, bolstering arguments that the city’s national security campaign and Covid Zero strategy are eroding its appeal as a global

HSBC apology shows financial fears are mounting in Hong Kong

HONG KONG (BLOOMBERG) – HSBC Holdings apologised to customers in Hong Kong after an update to its online and mobile banking terms stoked fears over overseas access to its services in the financial hub. The quick mea culpa by Hong

With big tech on holiday, world shares inch higher

LONDON (Reuters) – World shares inched higher led by Europe on Monday, after last week’s rout in U.S. technology stocks that saw $2.3 trillion in value wiped off in two days with investors taking note of lofty valuations when the

Asia stocks touch 29-month top, China blue chips at five-year high

SYDNEY (Reuters) – Asian shares notched a 29-month high on Monday as investors wagered global central banks would keep topping up the policy punchbowl for years to come, while an upbeat reading on China’s service sector augured well for recovery

Asian stocks mostly higher as trade, virus treatment hopes lift mood

SINGAPORE/HONG KONG (Reuters) – Asia’s stock markets were mostly higher on Tuesday as investors cheered signs of progress in U.S.-China trade negotiations and following a fresh Wall Street rally. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.32% to

Asian shares cautious as Sino-U.S. tensions weigh

SYDNEY (Reuters) – Asian stocks held tight ranges on Monday as worries over flaring tensions between the United States and China weighed on sentiment although signs of a recovery in industrial activity in the world’s second-largest economy capped losses. MSCI’s

Asia futures mixed as gold prices hold near record peak

WASHINGTON (Reuters) – Asia futures were mixed on Wednesday and gold traded mixed, after U.S. and European equities gained overnight on strong earnings results. Hong Kong futures were 0.01% lower, while Nikkei futures were trading slightly above the Nikkei 225

Asian shares drop as China consulate closure fans Sino-U.S. tensions

SHANGHAI/NEW YORK (Reuters) – Asian shares slipped on Thursday as investors’ worries over rising tensions between Washington and Beijing overcame hopes for more stimulus, after the United Sates ordered the closure of China’s consulate in Houston amid accusations of spying.