Latest Hong Kong News

Chinese stocks rise on hopes for US trade progress

Jan. 18, 2019 12:15 AM EST

BEIJING (AP) — Chinese stocks rose Friday on signs of possible progress in negotiations over Beijing's tariff war with Washington. KEEPING SCORE: The Shanghai Composite Index advanced 0.8 percent to 2,579.76 and Hong Kong's Hang Seng gained 1 percent to 27,013.20. Tokyo's Nikkei 225 added 1.2 percent to...

Renewed worries over U.S.-China trade spat stalk markets

Jan. 17, 2019 8:06 AM EST

LONDON (AP) — Renewed worries over the U.S.-China trade spat weighed on global stock markets on Thursday. KEEPING SCORE: In Europe, Germany's DAX fell 0.5 percent at 10,880 and France's CAC 40 retreated 0.5 percent to 4,787. Britain's FTSE 100 declined 0.7 percent to 6,818. Wall Street was set to fall at...

Asian shares track Wall Street gains on robust US earnings

Jan. 16, 2019 11:39 PM EST

SINGAPORE (AP) — Asian shares were mostly higher Thursday after strong earnings reports lifted indexes on Wall Street. But a report that the U.S. was investigating China's Huawei for allegedly stealing trade secrets from American companies limited gains. KEEPING SCORE: Hong Kong's Hang Seng gained 0.4...

World stocks rise but Britain slips on Brexit limbo

Jan. 16, 2019 7:30 AM EST

SINGAPORE (AP) — World stock markets mostly rose on Wednesday, but fell in Britain, as investors reacted to the parliamentary defeat of British Prime Minister Theresa May's plan for leaving the European Union. KEEPING SCORE: In Europe, Germany's DAX rose less than 0.1 percent to 10,892 and France's CAC 40...

Analysis: China pulling out all stops in Canada tensions

Jan. 15, 2019 7:15 AM EST

BEIJING (AP) — Chinese President Xi Jinping's government is sparing no expense to its international reputation in its determination to force Canada to back down over the case of a Chinese telecommunications executive it detained last month. While Beijing formally denies any connection, the arrest of two...

Hong Kong ex-leader Tsang released after serving sentence

Jan. 15, 2019 3:19 AM EST

HONG KONG (AP) — Hong Kong's former top leader Donald Tsang was released Tuesday after serving time in prison for failing to disclose plans to rent a luxury apartment from a businessman granted a government broadcasting license during Tsang's time in office. The 74-year-old Tsang, who served as Hong Kong's...

Asian shares decline as China reports slowdown in exports

Jan. 13, 2019 11:38 PM EST

BANGKOK (AP) — Shares were lower in Asia on Monday, extending the latest losses on Wall Street, as China reported a slowdown in exports. KEEPING SCORE: Hong Kong's Hang Seng index lost 1.4 percent to 26,299.19 while the Shanghai Composite fell 0.6 percent to 2,539.59. The Kospi in South Korea declined 0.7...

Hong Kong Catholics mourn bishop amid political struggles

Jan. 10, 2019 9:13 AM EST

HONG KONG (AP) — Hong Kong Catholics mourned the loss of their bishop with a Mass on Thursday night amid a low-key struggle among clergy over reconciliation between the Vatican and Beijing. Bishop Michael Yeung died last week from liver failure after less than two years as head of the diocese of more than...

Oil tanker explosion in Hong Kong kills 1 crew member

Jan. 8, 2019 7:45 AM EST

HONG KONG (AP) — An explosion on an oil tanker in Hong Kong on Tuesday killed one crew member and left two others missing at sea, authorities said. The Vietnam-registered tanker burst into flames just before 11:30 a.m. as it prepared to refuel at an anchorage off the city's southern coast, said Yiu...

Advocate of China-Vatican dialogue named Hong Kong bishop

Jan. 7, 2019 8:38 AM EST

HONG KONG (AP) — In a move widely seen as kowtowing to Beijing, the Vatican appointed a retired China-friendly cardinal to head the Catholic Diocese of Hong Kong on Monday, effectively blocking the succession of the highest-ranking serving bishop known to be critical of the Chinese government. Cardinal...