Latest Hong Kong News

World shares sink as US-China spat takes center stage

May. 23, 2019 7:20 AM EDT

SINGAPORE (AP) — World stock markets fell sharply Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. Private surveys, meanwhile, showed continued weakness in the eurozone economy in May, with a slowdown in manufacturing and services. France's...

Asian shares slip as US-China spat takes center stage

May. 22, 2019 11:36 PM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was...

Chinese man guilty of defrauding Apple out of 1,500 iPhones

May. 22, 2019 8:42 PM EDT

SALEM, Ore. (AP) — Over the span of two years, a Chinese national in Oregon sent devices that looked like iPhones to Apple, saying they wouldn't turn on and should be replaced under warranty. He didn't just submit a couple of the devices -- he delivered in person or shipped to Apple around 3,000 of them....

Germany grants asylum to 2 Hong Kong pro-democracy activists

May. 22, 2019 12:34 PM EDT

BERLIN (AP) — Germany has granted asylum to two Hong Kong activists in a sign of growing concern over how dissent is dealt with in the territory. In interviews with The Wall Street Journal and Financial Times published on Wednesday, Ray Wong Toi Yeung said he and fellow pro-democracy protester Alan Li Tung...

World markets subdued amid trade uncertainty

May. 22, 2019 7:00 AM EDT

BANGKOK (AP) — World stock markets were subdued Wednesday as investors monitored developments in the U.S.-China trade war and looked ahead to the release of minutes to the U.S. Federal Reserve's last policy meeting. After a day of modest gains in Asia, Britain's FTSE 100 rose 0.5% to 7,362, while the DAX...

Ex-Philippine judge says she was held at Hong Kong airport

May. 21, 2019 11:58 AM EDT

MANILA, Philippines (AP) — A former Philippine Supreme Court justice who accused Chinese President Xi Jinping of crimes against humanity before the International Criminal Court said she was barred for hours Tuesday from entering Hong Kong. Conchita Carpio-Morales said she was stopped by immigration...

Global markets gain on Huawei grace period

May. 21, 2019 8:32 AM EDT

BEIJING (AP) — Most global stock markets rose Tuesday after the U.S. government issued a 90-day grace period on its order to bar U.S. firms from selling to Chinese telecom gear maker Huawei. The reprieve eases the immediate hit on U.S. suppliers and has at least temporarily quelled investors' anxiety over...

Asian stocks mixed after Wall Street fall on Huawei anxiety

May. 21, 2019 2:03 AM EDT

BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai, Seoul and Sydney advanced, while Tokyo and Hong Kong declined. Anxiety over U.S.-Chinese trade tension was reignited by Washington's...

Asian stocks mixed after Wall Street fall on Huawei anxiety

May. 21, 2019 12:49 AM EDT

BEIJING (AP) — Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. Benchmarks in Shanghai and Seoul advanced, while Tokyo, Hong Kong and Sydney declined. Anxiety over U.S.-Chinese trade tension was reignited by Washington's...

China's pig disease outbreak pushes up global pork prices

May. 20, 2019 9:23 PM EDT

BEIJING (AP) — Hong Kong retiree Lee Wai-man loves pork fresh from the market but eats a lot less now that the price has jumped as China struggles with a deadly swine disease that has sent shockwaves through global meat markets. China produces and consumes two-thirds of the world's pork, but output is...