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Hong Kong stocks drop by most in 2 weeks amid AI bubble fears, track Wall Street

Hong Kong stocks fell on Wednesday, tracking Wall Street’s retreat from record highs amid growing concerns that the artificial intelligence…

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New Business

Macroscope | Beware of rising bond yields and falling markets

The tsunami of liquidity washing through financial markets now threatens to drown us all in a destructive wave. Markets are…

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New Business

Hong Kong stocks slip as Fed’s priced-in rate cut fails to excite investors

Hong Kong stocks wavered on Thursday, tracking Wall Street’s muted finish, after the Federal Reserve signalled a conservative approach on…

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New Business

Oracle shares surge 26% on cloud growth and OpenAI energy deal

Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave…

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New Business

How China’s open-source AI is helping DeepSeek, Alibaba take on Silicon Valley

July 9, 2024, may be remembered as a day of humiliation for China’s artificial intelligence community. On that day, US…

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New Business

China’s property slump could extend into 2027 with further price drops: Goldman Sachs

China’s prolonged property downturn could extend into 2027 with another 10 per cent decline in real home prices, as policymakers…

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New Business

The View | China’s housing woes demand action, even if investors look away

As recently as last month, S&P Global Ratings struck a cautiously optimistic tone on the outlook for China’s housing market.…

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New Business

Developing | Chery’s stock to debut in third quarter as carmaker uses Hong Kong as global springboard

Chery Automobile, China’s second-largest automobile maker by volume, is aiming to complete its initial public offering (IPO) in Hong Kong…

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New Business

Macroscope | No, stock markets are not a barometer of the world’s economic health

The storm is over, it seems, even before it really broke and the economic barometer is set to “fair” again…

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New Business

‘Like busy holiday season’: Apple stores see rush of iPhone shoppers ahead of US tariffs

The threat of massive new tariffs from the administration of US President Donald Trump has sent Apple’s share price plummeting,…

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