Latest Hong Kong News

World shares mostly higher after broad rally on Wall Street

Dec. 03, 2021 03:48 AM EST

BANGKOK (AP) — Stocks were mostly higher in Europe and Asia after a broad rally on Wall Street as investors awaited U.S. employment and other data due out Friday. Concerns over the spread of the new coronavirus variant and measures governments are taking to restrain it...

Chinese developer warns it might not pay $400 million bond

Dec. 03, 2021 03:04 AM EST

BEIJING (AP) — A Chinese real estate developer warned Friday it might fail to pay off a $400 million bond due next week, adding to financial strains in an industry that is struggling to avoid defaults on billions of dollars of debt. Kaisa Group Holdings Ltd.,...

China's Didi to leave US stock market amid tech crackdown

Dec. 02, 2021 23:54 PM EST

BEIJING (AP) — China's dominant ride-hailing service, Didi Global Inc., said Friday it will pull out of the New York Stock Exchange and shift its share trading to Hong Kong as the ruling Communist Party tightens control over tech industries. Didi gave no explanation,...

Asian shares mixed after broad rally on Wall Street

Dec. 02, 2021 22:52 PM EST

Stocks were mixed in Asia on Friday after a broad rally on Wall Street as investors kept an eye on the spread of the new coronavirus variant and measures governments are taking to restrain it. Hong Kong slipped more than 1% while Tokyo edged lower. Shanghai and Seoul...

Grab goes public in $40B SPAC deal, slides in market debut

Dec. 02, 2021 13:04 PM EST

HONG KONG (AP) — Southeast Asia’s largest ride-hailing company Grab tumbled in its market debut Thursday, following a $40 billion merger in a special purpose acquisition company deal. The Singapore-based company's debut on the Nasdaq came more than seven months after...

Asian markets mixed after Wall St decline, virus unease

Dec. 01, 2021 23:38 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus's omicron variant. Shanghai and Tokyo fell while Hong Kong and Seoul advanced. Wall Street's...

Asian markets mixed after Wall St decline, virus unease

Dec. 01, 2021 23:25 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus's omicron variant. Shanghai and Tokyo fell while Hong Kong and Seoul advanced. Wall Street's...

Review: Leaving the Children of God 'sex cult'

Dec. 01, 2021 13:43 PM EST

NEW YORK (AP) — “Sex Cult Nun” by Faith Jones (William Morrow) Faith Jones’ vivid memoir “Sex Cult Nun” chronicles her 23 years in the infamous Children of God cult and her slow journey to leave. Born into the cult in 1977 in Hong Kong, Jones was cult royalty,...

Asian shares mixed after omicron worries rattle Wall Street

Nov. 30, 2021 22:56 PM EST

TOKYO (AP) — Asian shares were mixed Wednesday amid nervous trading due to worries over the newest coronavirus variant. Japan's benchmark Nikkei 225 was up 0.8% in morning trading to 28,062.99, after gyrating earlier in the session. South Korea's Kospi jumped 1.1% to...

Asia shares mixed as investors weigh omicron economic risks

Nov. 29, 2021 21:54 PM EST

TOKYO (AP) — Asian shares were mixed Tuesday as investors continued to cautiously weigh how much damage the new omicron coronavirus variant may unleash on the global economy. Japan's benchmark Nikkei 225 rose 1.0% to 28,577.34 in morning trading. Australia's...