Hong Kong

NIO Inc. (NYSE:NIO) is reportedly preparing to launch operations in Hong Kong in the fourth quarter of this year, adopting a distributor-led model instead of direct sales. The move will place NIO in direct competition with EV heavyweight Tesla Inc. (NASDAQ:TSLA), which already holds a strong...

Hong Kong Post announced on Wednesday it has suspended sea mail services for goods to the United States and will halt air mail services for items containing goods starting April 27, citing “bullying” U.S. tariffs. The postal service warned Hong Kong residents they “should be...

Japan’s exchange operator briefly halted trading in Nikkei stock futures Monday morning as global markets plunged in reaction to President Donald Trump‘s sweeping new tariff policies. What Happened: The “circuit breaker” system triggered a 10-minute pause in trading at 8:45...

Global markets reeled on Thursday after President Donald Trump unveiled sweeping new tariffs on imports. China immediately threatened countermeasures, and Asian markets dropped sharply on trade war fears. What Happened: Trump announced tariffs on all Chinese imports on Wednesday as part of his...

Chinese e-commerce retailer JD.Com Inc. (NASDAQ:JD) reported better-than-expected fourth quarter results and appraised the investors on its artificial intelligence developments during its earnings call. However, its shares declined in Hong Kong on Friday as it skirted the questions around the scale...

Hong Kong stocks surged Thursday morning, with the Hang Seng Index climbing 2.5% to 24,183.07, reaching its highest level since January 2022 and extending its year-to-date gains to 23.37%. What Happened: Chinese tech giants led the rally on Hong Kong Exchange, with Alibaba Group Holding Ltd (NYSE:...

BlackRock Inc. (NYSE:BLK) and its partners are set to acquire a massive global port network from CK Hutchison Holdings Limited, a $22.8 billion transaction that comes against a backdrop of heightened geopolitical tensions and strategic infrastructure repositioning. What Happened: The consortium...

Shares of Alibaba Group Holding Ltd ADR (NYSE:BABA) declined on Monday and the Chinese technology giant's Hong Kong-listed shares continued to fall on Tuesday triggered by President Donald Trump's remarks to limit Chinese spending and investment. What Happened: Jack Ma’s BABA which has gained...

Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. (OTC:BABAF) (NYSE:BABA) jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing. What Happened: Alibaba’s shares climbed...

Chinese electric vehicle battery manufacturer Contemporary Amperex Technology Co. Ltd. or CATL is reportedly considering a second listing in Hong Kong. What Happened: The listing could raise at least $5 billion, Bloomberg reported, citing people familiar with the matter. The company is talking with...

Hong Kong's securities regulator has approved four new cryptocurrency exchanges, marking a significant step in the city's efforts to position itself as a digital asset hub. What Happened:The approvals come at a time when Bitcoin (CRYPTO: BTC) prices have surged, recently surpassing the $100,000...

Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), aims to approve additional licenses for digital-asset exchanges by the close of 2024, following a detailed five-month assessment process. What Happened: This announcement, made by Eric Yip, the SFC's executive...

The Hong Kong government has prohibited the use of popular apps such as Meta Platforms Inc (NASDAQ:META) owned WhatsApp, and Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google-owned Drive on civil servants’ work computers. The decision was made due to potential security threats. What...

The first-ever cryptocurrency exchange-traded funds (ETFs) that were introduced in Hong Kong earlier this year have experienced subpar performance and a lack of investor interest, despite the initial excitement surrounding their launch. What Happened: A recent report by Nikkei Asia revealed that...

Trading activities at the Hong Kong Exchanges and Clearing Limited have been disrupted due to the issuance of Typhoon Signal No. 8 on Friday. What Happened: According to HKEX, if Typhoon Signal No. 8 or higher, Black Rainstorm Warning, or any extreme conditions announcement remains in effect at 9:...