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  • Hong Kong exchange to close trading hall

    HONG KONG -- The Hong Kong stock exchange will bid farewell to its iconic trading hall at the end of October, as electronic transactions take center stage.At its peak, more than 900 brokers crisscrossed the trading hall floor. But there is little us

    August 16, 2017 02:03 am JST
  • Trade war fears cast shadow over Chinese yarn-maker Texhong

    HONG KONG -- Growing threats of a trade war between China and the U.S. are concerning Texhong Textile Group, which has shifted assembly lines to regional countries for lower production costs.The Shanghai-based yarn and garment maker told reporters o

    August 16, 2017 01:13 am JST
  • Hong Kong police say democracy activist staged 'abduction'

    HONG KONG -- A member of Hong Kong's opposition Democratic Party who claimed he was abducted last week by presumed mainland operatives was arrested himself Tuesday on suspicion of giving false information to the police.Howard Lam had told reporters

    August 16, 2017 12:57 am JST
  • Hong Kong shares lose footing as Tencent, energy producers pull back

    HONG KONG (Nikkei Markets) -- Hong Kong stocks declined Tuesday, failing to latch on to early gains recorded amid eased North Korea tensions, as investors weigh equity valuations. Heavyweight Tencent Holdings retreated ahead of its interim earnings

    August 15, 2017 07:37 pm JST
  • London Metal Exchange faces turning point as trading dwindles

    TOKYO -- Despite its status as the global benchmark for nonferrous metals, the nearly 140-year-old London Metal Exchange is struggling to stem a decline in trading volume amid pressure from parent Hong Kong Exchanges and Clearing to turn things arou

    August 15, 2017 04:46 pm JST
  • Asian equity markets extend gains as North Korea holds fire

    HONG KONG (Nikkei Markets) -- Asian equity markets extended gains on Tuesday after North Korea's leader signaled the country would hold off on any decision to fire missiles toward the U.S. territory of Guam, helping lift investor sentiment.The Nikke

    August 15, 2017 02:28 pm JST
  • Hong Kong democrat arrested for 'misleading' police after abduction claims

    HONG KONG (Reuters) -- Hong Kong police said on Tuesday they had arrested a prominent member of the opposition Democratic Party for "misleading police" after he claimed he had been assaulted and illegally detained by mainland Chinese agents in the c

    August 15, 2017 10:44 am JST
  • Analysts see Tencent posting 25% net profit growth for April-June

    HONG KONG -- As Tencent Holdings gears up to release its April-June results this week, market expectations for earnings growth are high in light of the Chinese company's booming game operations, which account for some 70% of overall sales.Ahead of t

    August 15, 2017 02:28 am JST
  • JD.com beats revenue expectations, boosted by robust anniversary sales

    HONG KONG -- China's second largest e-commerce company JD.com surprised investors with a revenue jump of 43.6% in the second quarter, boosted by robust sales during its mid-June anniversary event.Revenue for the three months to June 30 expanded to 9

    August 15, 2017 12:49 am JST
  • Meat supplier WH Group expands Europe presence amid Beijing's M&A curb

    HONG KONG -- Despite Beijing's wish to rein in outbound investments by Chinese companies, Henan-based pork producer and processor WH Group said on Monday that it had doubled down its investments in Poland in a bid to strengthen its foothold in conti

    August 15, 2017 12:19 am JST
  • Heir of Hong Kong's Wheelock keeps mum on restructuring

    HONG KONG -- Hong Kong property developer Wheelock has adopted a "neutral" stance to a $29 billion spinoff plan by its subsidiary -- Wharf Holdings, but it did little to stop speculation that a wider corporate restructuring was underway."[Wharf's mo

    August 14, 2017 11:30 pm JST
  • Nikkei Asia300 Index recovers from weekly loss as US inflation damps Fed rate hike bets

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rebounded from a weekly loss, tracking gains on Wall Street after slower-than-expected U.S. inflation data eased expectations of another rate increase this year.The Nikkei Asia300 Index add

    August 14, 2017 09:24 pm JST
  • Hong Kong stocks jump most in Asia as Tencent claws back most lost ground

    HONG KONG (Nikkei Markets) -- Hong Kong stocks staged their steepest rally in more than a month as investors shifted focus back to the half-yearly earnings season amid eased North Korea tensions.The Hang Seng Index gained 1.4% to 27,250.23, climbing

    August 14, 2017 07:48 pm JST
  • China Unicom shares up as six-month profit increases 69%

    HONG KONG -- China Unicom (Hong Kong) shares bounced back sharply in Hong Kong on Monday after the telecommunications company announced a 69% increase in its net profit for the first six months of the year.The stock hit a high of 12.26 Hong Kong dol

    August 14, 2017 04:13 pm JST
  • Hong Kong stocks bounce off year's worst weekly loss on Tencent, financials

    HONG KONG (Nikkei Markets) -- Hong Kong stocks rebounded on Monday from their steepest weekly loss of 2017, with internet major Tencent Holdings and financial heavyweights pacing advances, signaling optimism geopolitical tensions over North Korea ma

    August 14, 2017 02:35 pm JST
  • 'Made in Japan' label powers cosmetics exports

    TOKYO -- Japan's cosmetics exports are on track to hit another all-time high this year as Shiseido and other heavyweights accelerate efforts to attract consumers in China and other parts of Asia with the appeal of the "Made in Japan" label.These exp

    August 14, 2017 08:16 am JST
  • Concern for fate of Liu Xiaobo's widow builds

    HONG KONG -- Aug. 13 marks a month from the death of Liu Xiaobo, the Nobel Peace Prize laureate and long-time Chinese democracy activist.While people around the globe continue to mourn his passing, attention is now on the whereabouts of his widow Li

    August 13, 2017 06:27 pm JST
  • Uniqlo to double China stores, but real fight lies online

    TOKYO/HONG KONG -- Uniqlo has developed into one of Japan's most iconic brands, but by 2020, the casual clothing retailer will operate more stores in China than in its home country. By strengthening overseas operations, the company hopes to achieve

    August 13, 2017 02:00 am JST
  • Beijing's hand suspected in kidnapping of Hong Kong democrat

    HONG KONG -- A Democratic Party member here was abducted and violently interrogated by a group of Mandarin-speaking men, the pro-democracy party said Friday.Howard Lam Tsz-kin told reporters that he was whisked away by car on a busy Kowloon street T

    August 12, 2017 04:20 am JST
  • Hong Kong paints rosier economic outlook for 2017

    HONG KONG -- Real gross domestic product in Hong Kong grew 3.8% from a year earlier in the second quarter of 2017, the government said Friday, a strong showing that prompted an upgrade of the full-year forecast.The pace of growth was not as fast as

    August 12, 2017 03:11 am JST