Latest Hong Kong News

Asian stock markets higher after Wall St sinks further

May. 25, 2022 01:55 AM EDT

BEIJING (AP) — Asian stock markets gained Wednesday after Wall Street sank on weak U.S. housing sales and a profit warning by a prominent social media brand. Shanghai, Hong Kong and Seoul advanced while Tokyo declined. Oil prices rose more than $1 per barrel to stay above $110. ...

Asian stock markets mixed after Wall St sinks further

May. 24, 2022 23:50 PM EDT

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street sank on weak U.S. housing sales and a profit warning by a prominent social media brand. Shanghai and Seoul advanced while Tokyo and Hong Kong declined. Oil prices rose more than $1 per barrel to stay above...

Hong Kong Catholic cardinal denies charges over relief fund

May. 24, 2022 10:15 AM EDT

HONG KONG (AP) — Arrested former Hong Kong Catholic leader Cardinal Joseph Zen and five others denied charges on Tuesday that they failed to register a relief fund aimed at assisting protesters who faced legal costs during 2019 anti-government protests. The six, who also include...

Asian shares mostly lower as inflation worries cloud outlook

May. 23, 2022 23:00 PM EDT

TOKYO (AP) — Asian shares were mostly lower on Tuesday as worries over inflation tempered optimism over President Joe Biden’s remark that he was considering reducing U.S. tariffs on Chinese imports. Benchmarks fell in Tokyo, Seoul, Shanghai and Hong Kong but rose slightly in...

Asian shares mixed after Wall St barely misses bear market

May. 22, 2022 23:22 PM EDT

Shares are mixed in Asia in cautious trading after Wall Street rumbled to the edge of a bear market on Friday. Tokyo and Sydney were higher Monday while Hong Kong and Shanghai declined. Investors were awaiting minutes from the latest policy setting meeting of the...

Pope voices hope church in China can operate in freedom

May. 22, 2022 08:22 AM EDT

VATICAN CITY (AP) — Pope Francis on Sunday expressed his spiritual closeness to Catholics in China, voicing hope that the church there operates in “freedom and tranquility,’’ but making no mention of a 90-year-old cardinal who was recently arrested in Hong Kong. Addressing...

Asian stocks rise after Wall St slips closer to bear market

May. 20, 2022 00:34 AM EDT

BEIJING (AP) — Asian stock markets rose Friday after Wall Street fell closer to bear territory, China cut a key interest rate and Japanese inflation edged higher. Market benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices fell more than $1 per barrel. ...

Asian shares track Wall Street's inflation-fueled retreat

May. 18, 2022 22:36 PM EDT

TOKYO (AP) — Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that renewed worries over the impact of high inflation. Hong Kong’s Hang Seng led the declines, dropping 3.1%, while Tokyo’s...

Asia stocks mixed after Wall St gain, Powell warns on rates

May. 17, 2022 23:33 PM EDT

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose and the Federal Reserve's chairman said it will raise interest rates further if needed to cool inflation. Shanghai and Hong Kong declined. Tokyo and Seoul advanced. Oil prices rose to stay above $110 per...

Arrested Hong Kong cardinal a fiery critic of Beijing

May. 12, 2022 07:20 AM EDT

HONG KONG (AP) — Cardinal Joseph Zen, the 90-year-old Catholic cleric arrested by Hong Kong police on national security charges, has long been a fiery critic of Beijing's control of religion and political monopoly, along with efforts by the Vatican to reach a working arrangement with the ruling...