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Haidilao shares fell after chairman Zhang Yong secured a 100 million yuan loan from the company, following a September stake sale, as new mainland tax rules on offshore trusts pressure his finances. Citi cut its target price, warning of investor anxiety over the controlling shareholder's cash needs.
British designer Kim Jones will open his first global flagship at Henderson Land's Central Yards in Hong Kong in 2027, occupying a duplex maison with about 4,000 square feet. Henderson Land chairman Martin Lee Ka-shing called it a vote of confidence in Hong Kong's creative capital status.
Chinese automakers are expanding in Europe, leveraging competitive pricing and EV technology, despite EU tariff disputes. BYD, Geely, Chery, and others are building plants or forging partnerships, with several targeting production by 2027-2028.
Hong Kong stocks ended higher on Tuesday, with the Hang Seng Index rising 0.3 per cent to 24,345 points, as bank shares offset declines in tech and chip stocks. Casino operators also outperformed, while the tech index fell 0.79 per cent.
China's smartphone shipments fell 15.4 per cent year on year to 57.9 million units in the third quarter, marking a sixth consecutive quarterly decline, IDC said. Huawei led the market with a 21 per cent share, while Apple and Chinese rivals posted lower shipments amid weak consumer spending.
Jardine Matheson has completed the acquisition of Balfour Beatty's 50 per cent stake in Gammon Construction for £250 million in cash, making Jardine the sole owner. The group also raised its 2026 underlying earnings per share forecast to US$5.50-US$5.65, citing solid performance across its portfolio
US payments firm Visa has received approval from China's central bank to begin preparations for a domestic bankcard clearing institution. The move follows US President Donald Trump's summit with Chinese leader Xi Jinping and Trump's push for greater Visa access to China's credit card market.
DBS Group Research head Timothy Wong says an AI market correction is possible but a dot-com-style crash is unlikely because current investment is backed by real revenue. He urges Asia to adopt AI intentionally, citing a capital misallocation and a once-in-a-lifetime opportunity for legacy firms.
The IMF lifted its 2026 global growth forecast to 3.1 per cent, citing AI investment, while keeping 2027 at 3.4 per cent. It cut China's outlook and warned of rising downside risks from debt and Middle East conflict.
The euro is expected to hover around an 18-month low in the short term, weighed down by France's fiscal problems and political instability, according to Guangda Securities International strategist Tang Lai-hung. She sees technical rebound potential but resistance at 1.132 US dollars, with no immedia
Hong Kong stocks ended the morning session lower but off their worst levels, with the Hang Seng Index closing 95 points down at 24,176 after briefly falling below 24,000. Tech and chip stocks led declines, while casino and some financial names gained.
President Lee Jae Myung said South Korea must raise its benchmark interest rate to narrow the yield gap with the United States and align with global tightening. He called an increase "almost a foregone conclusion" despite concerns about household debt, in an unusual political intervention on Bank of
LVMH reported weaker-than-expected third-quarter sales as deteriorating Chinese consumer sentiment hit demand for Louis Vuitton and Dior. The world's largest luxury group's organic sales rose 1 per cent, missing forecasts, and fashion and leather goods fell 5 per cent, deepening concerns about the s
Chinese technology giant Tencent is marketing US dollar bonds due in 10 and 20 years and offshore yuan bonds due in 10 and 30 years, according to term sheets. Initial yield guidance for the dollar notes is set at about 115 to 140 basis points over comparable US Treasuries.
Man Wah Holdings warns interim net profit for the six months to end-September will plunge 70 to 90 per cent from about HK$1.146 billion a year earlier, citing surging chemical raw-material costs from Middle East conflicts and industry price competition. The group also booked impairment on its US acq
Wall Street finished mixed on Monday, with the Dow up 0.38 per cent but the Nasdaq down 0.44 per cent, as rising oil prices from attacks on Saudi Arabia and caution ahead of bank earnings and economic data weighed on tech shares. Microsoft gained over 1 per cent after announcing plans to deploy its
Germany's debt-to-GDP ratio is expected to rise to 78.25 per cent by 2030, up from 62.8 per cent in 2025, according to the country's stability council. The government deficit is also forecast to increase, driven by a €500 billion infrastructure fund and looser defence borrowing rules.
BYD executive vice president Stella Li said on Monday that tariff pressure linked to an EU-China deal on imports is short-term because the company has already committed to local investment in Europe. She spoke at the Paris car show.
Wall Street's main indexes opened muted on Monday, with the Dow edging up and the Nasdaq slightly lower, as investors weighed rising oil prices and awaited major bank earnings and inflation data that could shape the Federal Reserve's rate path.
CMU OmniClear has launched asset servicing for equities under the CMU-SIX linkage, with Bank of China (Hong Kong) as the first member. The service allows CMU members to invest in Swiss and Spanish securities, boosting cross-border investment and Hong Kong's role as a gateway.
Broadcom CEO Hock Tan says AI chip demand will outpace supply for two more years, but investors lack understanding. Intel CEO Tan Lip Bu predicts a mix of chips, or XPUs, and quantum computing. Both spoke at DBS's Asia Future Forward conference.
Franklin Templeton CEO Jenny Johnson said AI investment is moving beyond developed markets into Saudi Arabia, Brazil and parts of Asia. She warned investors to scrutinise vendor financing and off-balance-sheet debt structures that underpin the boom.
CK Infrastructure chairman Victor Li told the group's CEO Symposium in Hong Kong that the company is in its strongest-ever financial position with ample firepower to pursue investment opportunities. The two-day event gathered chief executives of 20 member companies and focused on strategy, AI applic
Hong Kong's securities regulator has approved six companies as recognised securities registrars ahead of the paperless securities market regime taking effect next month. Two of them will provide services related to the new system, including converting paper securities to paperless form.
IMF chief Kristalina Georgieva urged member countries to respond quickly to rising inflation and cut large fiscal deficits, noting that an artificial-intelligence investment boom is keeping inflation resilient. She also said AI could boost Asian developed economies by 0.5 to 1 percentage point and h
Global finance chiefs from HSBC, Goldman Sachs, Morgan Stanley, UBS and Citadel Securities are expected to attend the Hong Kong Monetary Authority's fifth Global Financial Leaders' Investment Summit from November 2 to 4. The event will cover economic outlook, geopolitical risks and artificial intell
Hong Kong stocks ended slightly higher on Monday as mainland bank shares advanced, while property and tech stocks fell. The Hang Seng Index rose 59 points to close at 24,271, with turnover exceeding HK$162.6 billion.
HKEX CEO Bonnie Chan says the exchange aims to build a multi-asset ecosystem spanning equities, fixed income, currencies, commodities, derivatives, indices and data, with priorities including deepening secondary markets, international promotions, yuan internationalisation and exploring a tokenisatio
China's domestic passenger vehicle sales fell for a 12th consecutive month in September, dropping 28.1 per cent year-on-year to 1.63 million units, according to the China Passenger Car Association. Exports jumped 73.2 per cent to 923,000 vehicles, while a potential EU deal could halve Chinese hybrid
Hong Kong Exchanges and Clearing will list 12 new stock option classes on 9 November, covering stocks including Kingboard Holdings, ASMPT and Biren Technology. Each will offer weekly and monthly contracts from day one, expanding investor choice.
Hong Kong shares saw gains narrow by midday Monday. The Hang Seng Index rose 0.17 per cent, while Xiaomi dropped 4.8 per cent. Turnover reached HK$86.1 billion. Mainland markets also fell.
IMF Managing Director Kristalina Georgieva says artificial-intelligence infrastructure investment is keeping the world economy growing at about 3 per cent, with major benefits for Asian hardware suppliers such as Thailand. AI investment could boost growth in advanced regional economies by half to on
Hong Kong stocks opened higher on Monday, with the Hang Seng Index rising 0.92 per cent. Alibaba jumped 3.1 per cent, leading blue-chip gains, while pharmaceutical stocks also outperformed the market.
Tencent announced plans to issue senior unsecured notes in US dollars and offshore Chinese yuan under its global medium-term note programme. Banks including JPMorgan, Goldman Sachs, HSBC and Morgan Stanley are leading the offering, with a potential investor call scheduled.
FWD Group plans to acquire a 25 per cent stake in Bolttech Insurance Hong Kong for US$20.72 million. The deal aims to deepen their partnership in group medical insurance and expand cooperation in personal general insurance products.
US stock indices rose last week. This week, markets watch for September CPI data, the Fed's Beige Book, and IMF-World Bank meetings. Major banks including Citigroup and JPMorgan report quarterly earnings.
France faces a deepening fiscal crisis as pandemic-era bonds mature, with 10-year yields at 4.84 per cent. The debt agency plans a record €340 billion borrowing in 2027, while political constraints and welfare protests hinder reform. Analysts warn of contagion risks to global bond markets.
South Korean stock turnover has fallen 70 per cent from its May peak, with foreign investors withdrawing US$131 billion this year. Samsung Electronics foreign ownership hit 46.38 per cent, a low since 2008. The market's reliance on memory-chip giants has become a liability amid AI investment shifts.
Chinese Apple supplier Luxshare Precision Industry said a US patent infringement investigation launched on 9 October is unlikely to have a material adverse impact on its business. The probe concerns vertical power delivery systems, but related products have not entered mass production.
DBS aims to reach S$1 trillion in assets under management by 2030, with Hong Kong and Singapore as complementary wealth hubs. The bank plans 18 new wealth centres globally, including one in Tsim Sha Tsui, and will use AI, partnerships and talent to accelerate growth.
Mixue's debut Hong Kong branch in Mong Kok closed on October 7 after its lease expired, with plans to reopen nearby. The brand, known for low prices, operates 10 branches in the city and is expanding globally, recently entering Mongolia and Uzbekistan.
European stock markets rose nearly 1% or more on Friday, led by automakers after a China-EU deal halved exports of some electric vehicles. Telecoms fell sharply after SpaceX agreed to buy a US low-band spectrum portfolio, sending Deutsche Telekom down nearly 8% and Vodafone over 4%.
Hong Kong Disneyland Resort reports strong attendance and revenue growth from pin trading and Disney Lorcana card game events, with the Pin Trading Carnival attracting over 8,000 participants and the Lorcana Collection Quest drawing more than 60,000 visitors. The annual merchandise showcase highligh
US consumer sentiment fell to 46.3 in early October from 48.1 in September, the University of Michigan survey showed, as rising prices linked to the Middle East conflict weighed on households. Inflation expectations for the year ahead edged up to 4.7 per cent.
Wall Street opened higher on Friday, with the Dow, S&P 500 and Nasdaq all gaining ground as oil prices fell on easing Middle East supply concerns. Telecom shares remained under pressure after SpaceX's spectrum acquisition raised competitive worries across the sector.
Johnson Electric warns its interim profit will fall 56-62 per cent on a year earlier. It blames forex losses, pricing pressure, rising input costs and inflation, partly offset by favourable tax and provision changes.
Hong Kong's securities regulator said it has launched 17 tokenised retail products with US$1.3 billion in assets under management, up 78 per cent in the past year. The SFC and HKMA are jointly exploring tokenised deposits and funds under Project Ensemble.
Hong Kong's Hang Seng Index rose 425 points, or about 1.8%, to close at 24,211 on 9 October 2026. The tech index surged over 3%, driven by Xiaomi, Alibaba, Meituan and Tencent, while financial and gold-related stocks also supported gains.
Chinese mainland stocks pared early losses to close slightly higher on Friday, helped by a late-session rebound in AI-related video and film shares. The ChiNext index reclaimed the 3,000-point level after falling more than 10 months low.
Gold demand in India slowed this week as domestic prices rebounded from a near two-month low, while trading in China remained subdued after the Golden Week holiday. Dealers in India offered discounts of up to US$6 an ounce, narrowing from last week, as imports declined.
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