Latest Hong Kong News

Stocks tumble as investors fret about China's growth

Aug. 15, 2018 5:21 PM EDT

NEW YORK (AP) — Deepening worries about global economic growth, particularly in China, set off a rout in riskier assets including technology stocks, copper and crude oil Wednesday. U.S. retailers took a drubbing after Macy's reported weaker sales. An unexpected drop in profits for Chinese tech giant...

Global markets sink on growth concerns, Turkey jitters

Aug. 15, 2018 8:22 AM EDT

BANGKOK (AP) — Stock markets turned lower Wednesday amid concerns about economic growth and continued tensions over Turkey, which announced it was increasing tariffs on imports of some U.S. products. KEEPING SCORE: Germany's DAX fell 1.1 percent to 12,220 and in France, the CAC 40 dropped 1.2 percent to...

Global markets stabilize as Turkey jitters ease

Aug. 14, 2018 8:17 AM EDT

BEIJING (AP) — Most global stock markets steadied Tuesday as worries subsided over Turkey's currency crisis and its potential impact on other countries. KEEPING SCORE: Germany's DAX rose 0.2 percent to 12,376 and France's CAC 40 was up less than 0.1 percent to 5,414 after economic growth figures for the...

Activist compares Beijing's rule in Hong Kong to colonialism

Aug. 14, 2018 5:55 AM EDT

HONG KONG (AP) — A Hong Kong pro-independence activist decried Beijing's rule over the city as modern-day colonialism in a speech Tuesday to a foreign journalists' association that defied the Chinese government's demand that the event be canceled. The Chinese government swiftly criticized the talk, saying...

Asian markets mixed after Wall St falls on Turkey jitters

Aug. 14, 2018 12:25 AM EDT

BEIJING (AP) — Most Asian stock markets were mixed Tuesday after Wall Street declined as Turkey's central bank struggled to contain a currency crisis that is feeding fears about other emerging markets. KEEPING SCORE: The Shanghai Composite Index fell 0.5 percent to 2,771.81 and Hong Kong's Hang Seng lost...

US parents of missing man back from Slovenia with no clues

Aug. 13, 2018 7:17 PM EDT

MADISON, Wis. (AP) — A Wisconsin father says he cannot give up hope that his missing son will be found alive after disappearing seven weeks ago while vacationing in Slovenia. But Allan Luskin of Madison says no trace of his 25-year-old son, Jonathan, has been found and the family is "running out of clues."...

Global stock markets ease ahead of Wall Street open

Aug. 9, 2018 7:49 AM EDT

SEOUL, South Korea (AP) — Global stock markets were mixed Thursday with European stocks trading lower after Chinese markets finished with sharp gains, as investors focus on developments in the trade dispute between the United States and China. KEEPING SCORE: Britain's FTSE 100 fell 0.7 percent to 7,721...

Asian markets mixed as trade spat in focus, oil stabilizes

Aug. 8, 2018 11:16 PM EDT

SEOUL, South Korea (AP) — Asian stock markets were mixed on Thursday with Chinese stocks outperforming the region, as investors watched the latest developments on trade. Prices of oil stabilized. KEEPING SCORE: Japan's Nikkei 225 fell 0.3 percent to 22,584.18 while South Korea's Kospi inched down 0.2...

World stocks edge up amid corporate news, US-China spat

Aug. 8, 2018 7:32 AM EDT

BANGKOK (AP) — World stock markets mostly rose Wednesday as investors focused on corporate news and looked past the U.S. decision to follow through with plans to put higher tariffs on $16 billion in Chinese exports. KEEPING SCORE: In Germany, the DAX was up 0.3 percent to 12,688, while France's CAC 40 was...

China mobile tower owner debuts in HK market after $6.9B IPO

Aug. 8, 2018 5:31 AM EDT

HONG KONG (AP) — Shares in the state-owned monopoly that operates China's vast network of mobile phone towers ended their first day of trading flat Wednesday in the company's stock market debut in Hong Kong after raising $6.9 billion from investors. China Tower Corp. closed at 1.26 Hong Kong dollars (16...