Latest Hong Kong News

EXPLAINER: Chinese builder’s debt struggle rattles investors

Sep. 21, 2021 16:15 PM EDT

BEIJING (AP) — Global investors are watching nervously as one of China’s biggest real estate developers struggles to avoid defaulting on tens of billions of dollars of debt, fueling fears of possible wider shock waves for the financial system. Chinese regulators have...

Asian shares extend losses as China worries darken sentiment

Sep. 20, 2021 23:25 PM EDT

TOKYO (AP) — Asian shares declined Tuesday, with Tokyo down 2% as worries about heavily indebted Chinese real estate developers weighed on sentiment. On Monday, U.S. stocks logged their biggest drop since May, with the tech-heavy Nasdaq composite sinking 2.2%. ...

New Hong Kong electors chosen, with only 1 opposition member

Sep. 20, 2021 07:11 AM EDT

HONG KONG (AP) — The 1,500-member panel that picks Hong Kong’s next leader will have only one opposition-leaning member, according to results Monday from a tightly controlled selection process amid a crackdown on dissent in the city. Separately, Hong Kong national...

Hong Kong shares lead Asia lower; Tokyo and Shanghai closed

Sep. 19, 2021 23:33 PM EDT

Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed. Other regional benchmarks also fell after Wall Street wrapped up last week with another decline. Investors are...

Voters choose new Hong Kong electors under pro-Beijing laws

Sep. 19, 2021 05:36 AM EDT

HONG KONG (AP) — Select Hong Kong residents voted for members of the Election Committee that will choose the city's leader in the first polls Sunday following reforms meant to ensure candidates with Beijing loyalty. The Election Committee will select 40 of 90 lawmakers...

Asian shares mostly higher after Wall Street retreat

Sep. 16, 2021 23:53 PM EDT

Asian shares were mixed on Friday after a hodge-podge of economic data led Wall Street to close mostly lower. Benchmarks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai and Sydney. Across the region, concerns over prolonged outbreak of...

Asian shares mostly lower on lackluster China, Japan data

Sep. 15, 2021 23:18 PM EDT

Stocks were mostly lower in Asia on Thursday after Japan and China released data that were weaker than expected. Shares fell in Tokyo, Shanghai, Hong Kong and Seoul but rose in Sydney. Japan reported that its exports rose 26.2% in August from a year...

Biden announces Indo-Pacific alliance with UK, Australia

Sep. 15, 2021 22:11 PM EDT

WASHINGTON (AP) — President Joe Biden announced Wednesday that the United States is forming a new Indo-Pacific security alliance with Britain and Australia that will allow for greater sharing of defense capabilities — including helping equip Australia with nuclear-powered submarines. It's...

Chinese property developer's debt struggle rattles investors

Sep. 15, 2021 05:06 AM EDT

BEIJING (AP) — One of China’s biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting concern about a broader economic fallout and protests by buyers of unfinished apartments. Evergrande Group appears likely to be...

Hong Kong activists jailed over Tiananmen crackdown vigil

Sep. 15, 2021 02:29 AM EDT

HONG KONG (AP) — Nine Hong Kong activists and ex-lawmakers on Wednesday were handed jail sentences of up to 10 months over their roles in last year’s banned Tiananmen Square candlelight vigil, the latest blow in an ongoing crackdown on dissent in the city. The nine...