Latest Hong Kong News

A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Oct. 29, 2020. Asian shares logged moderate losses on Thursday and U.S. futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June. (AP Photo/Lee Jin-man)

World shares mixed, US futures up after S&P 500 sinks 3.5%

Oct. 29, 2020 5:14 AM EDT

European shares opened higher Thursday after Asian shares logged moderate losses following a sell-off on Wall Street sparked by surging coronavirus counts and fresh pandemic shutdown measures. Shares gained in Paris, London and Shanghai but fell in Tokyo, Hong Kong and Sydney on Thursday. U.S. futures were...

A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Oct. 29, 2020. Asian shares logged moderate losses on Thursday and U.S. futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June. (AP Photo/Lee Jin-man)

Asian shares lower, US futures up after S&P 500 sinks 3.5%

Oct. 28, 2020 11:47 PM EDT

Asian shares declined Thursday and U.S. futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June. The selling in U.S. markets followed broad declines in Europe, where the French president announced tough measures to slow the virus’ spread and German officials agreed...

FILE - This is a July 26, 2019, file photo showing Houston Rockets General Manager Daryl Morey during an NBA basketball news conference in Houston. The Philadelphia 76ers are in advanced negotiations with Morey to become president of basketball operations as part of the overhaul of the front office that began after an underachieving season. The deal is expected to be finalized as early as this weekend, multiple people with direct knowledge of the negotiations told The Associated Press on condition of anonymity because it has not been made official. Morey and the Rockets split a little over a year after he sparked a rift between the NBA and Chinese government. (AP Photo/David J. Phillip, File)

AP sources: Morey in advanced talks to lead 76ers

Oct. 28, 2020 3:39 PM EDT

PHILADELPHIA (AP) — The Philadelphia 76ers are in advanced negotiations with former Houston Rockets general manager Daryl Morey to become president of basketball operations as part of their front-office overhaul that began after an underachieving season, multiple people with direct knowledge of the...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Oct. 28, 2020. Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. (AP Photo/Kin Cheung)

Asian stocks fall on worries over rising virus cases, US aid

Oct. 27, 2020 10:51 PM EDT

TOKYO (AP) — Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The uncertainty surrounding the upcoming U.S. election also has regional market players hesitant to make big moves. Japan's benchmark Nikkei 225 fell 0.3%...

In this Friday, Oct. 23, 2020, photo, the figure of the Ant Group's mascot is displayed at the office in Hong Kong. The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. (AP Photo/Kin Cheung)

Here's why Ant Group is about to shatter IPO records

Oct. 27, 2020 9:14 PM EDT

HONG KONG (AP) — Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying stuff online or transferring money to friends. “Now when...

Hong Kong arrests 3 activists under national security law

Oct. 27, 2020 7:35 AM EDT

HONG KONG (AP) — Three members of a former student group advocating independence for Hong Kong were arrested Tuesday under the city’s new national security law on suspicion of publishing content inciting secession on social media platforms. The three include former Studentlocalism leader Tony Chung...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Oct. 27, 2020. Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. (AP Photo/Vincent Yu)

Asian shares slip after Wall St's worst day in a month

Oct. 27, 2020 12:10 AM EDT

Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. Stock benchmarks fell in Tokyo, Shanghai, Hong Kong and Sydney. Shares were flat in South Korea, where economic growth data were slightly better than expected. ...

FILE - This July 20, 2020, file photo, shows, the app for Alipay, the mobile payments service operated by Ant Group, on a smartphone in Beijing. China’s Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold dual listings in Shanghai and Hong Kong.  (AP Photo/Ng Han Guan, File)

Chinese fintech could shatter records with $35B share offer

Oct. 26, 2020 10:26 AM EDT

HONG KONG (AP) — The world’s largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet...

China's Ant Group could raise close to $35 billion in what would be the largest public share offering in history

Oct. 26, 2020 8:43 AM EDT
HONG KONG (AP) — China's Ant Group could raise close to $35 billion in what would be the largest public share offering in history.
Pedestrian stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Oct. 26, 2020. Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.(AP Photo/Eugene Hoshiko)

Asian shares little changed on uncertainty over US election

Oct. 25, 2020 11:47 PM EDT

TOKYO (AP) — Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy. Investors remain worried over surging cases and deaths related to COVID-19, especially in parts of the U.S. and Europe,...