Asia’s Unlikely Coronavirus Outbreaks Back ‘One Big Wave’ Theory
Hong Kong and Vietnam now face new coronavirus outbreaks, stroking concerns of a second wave of infections in parts of Asia.
hong kong
3 Reasons Why China’s Virus-Era Flex to Tame Hong Kong Will Fail
China’s government is attempting to tame Hong Kong as it faces financial strain from the economic consequences of the pandemic.
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Coronavirus Cover Up Threatens to Topple the Chinese Government
Unrest among Chinese citizens is growing as Beijing works to censor the spread of information about coronavirus.
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Tesla Model 3 Rollout Amid Hong Kong Protests Ignites Backlash
Tesla proudly touted the release of its Model 3 in Hong Kong. However, the tone-deaf timing of the roll-out stirred backlash. Why? Because Hong Kong has been roiled by protests since June 9. Tesla’s official Twitter account breathlessly announced that …
Dow Soars But Federal Reserve Descends Into Civil War
The Dow soared toward a blockbuster recovery on Wednesday after positive developments in Hong Kong removed one potential complication from the trade war landscape. However, conflicting opinions on interest rate policy suggest that the Federal Reserve r…
Dow Futures Explode Higher as Hong Kong Bows to Protestors
Dow Jones Industrial Average (DJIA) futures climbed 200 points higher in early trading Wednesday. Optimism returned to the market as Hong Kong leader Carrie Lam bows to protestor demands and restores some calm to Asian stock markets. Lam agreed to with…
Dow Recovery Stagnates as Beijing Snipes at Trump
By CCN Markets: The Dow’s three-day recovery ran smack into a wall on Tuesday, as the stock market struggled to complete the long journey back from last week’s vicious 800 point DJIA plunge. Meanwhile, Beijing capped simmering optimism about US-China t…
Bitcoin Twitter Is Daydreaming About a Hong Kong Bank Run
By CCN Markets: There’s nothing like a bank run to bring out the bitcoin-fever dreamers. Hong Kong protesters reportedly tried the tactic in their latest effort to stop what they see as unfair practices of their government. A prominent leader of the pr…
Dow Tanks as Greedy Bears Gorge on Hong Kong, Argentina & Epstein
The Dow Jones continued to expose its vulnerability on Monday, as the index traded down 267 points (0.85%) to 26,019. Most of the damage was done at the opening bell, with protests in Hong Kong, a shocking vote in Argentina, and Jeffrey Epstein fallout…
Bitcoin Flexes Safe-Haven Status as Hong Kong Protests Escalate
Bitcoin’s blossoming inverse correlation with the stock market and other assets vulnerable to economic and political turmoil suggests that it’s finally becoming “digital gold.” Since early May when it broke above $6,000 for the first time this year, Bi…
Hong Kong Stock Market Recoils as Protesters Invade Government HQ
Protesters in Hong Kong have reportedly taken over at least one government building, with tensions escalating over the weekend and preventing the local stock market from taking part in an otherwise-global rally. Tensions Escalate as Hong Kong Stock Mar…
Bitcoin Price Hits $100+ Premium in Hong Kong After Violent Protests: Analyst
By CCN Markets: Bitcoin has already come of age as a safe haven currency, a market analyst has pronounced. According to eToro’s senior market analyst Mati Greenspan, the cryptocurrency is trading at a premium of over $100 in Hong Kong on the TideBit ex…
Hong Kong, Thailand Central Banks Partner up on Digital Currency Initiative
By CCN: In an attempt to spur collaboration between both regulatory bodies in Fintech and intriguingly a central bank digital currency, the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have signed a Memorandum of Understanding (MO…
Hong Kong Bitcoin Traders Guilty of ‘Unfair’ Mining Sales Face 5-Yr Prison Term
By CCN.com: Hong Kong’s Secretary for Financial Services and the Treasury, James Lau, has clarified to the city-state’s Legislative Council that commercial transactions relating to Bitcoin mining devices are protected under the Trade Descriptions Ordin…
Hong Kong Crypto Exchange Gatecoin Choked to Death by Banking Freeze
Nowhere does the phrase ‘misfortunes don’t come singly’ appear to be truer than in the case of Hong Kong-based cryptocurrency exchange Gatecoin which has been hacked, had its banking accounts frozen, lost funds to a payment processor and now faces liqu…
Did China’s Wealthy Elite Secretly Move Capital Offshore via Hong Kong’s Gemstones?
There’s attention being drawn to an anomaly in China’s trade data. Compared to imports of precious gemstones from Hong Kong, it could point to China’s wealthy overpaying for said imports. A method of moving capital out of the country that bypasse…
‘Be Sustainable’: Hong Kong Stock Exchange CEO Scoffs at Crypto Giant Bitmain’s IPO Attempt
Talking at the World Economic Forum in Davos on Wednesday, the chief executive of the Hong Kong Exchanges and Clearing (HKEX), Charles Li Xiaojia, talked about how important it is for cryptocurrency related firms to be more “consistent” with their busi…
Sudden Selloff Hits Hong Kong Stocks: $4.77 Billion Vaporized
A number of stocks tanked sharply without warning earlier today on the Hong Kong equity market, which is the fourth largest in the world. The market rout left investors with no time to exit their positions, leaving them with losses amounting to as much…
Hong Kong Crypto Exchange BitMex Shutting Down Trading Accounts in the US and Quebec
The Hong Kong-based bitcoin futures exchange BitMex, is pulling the plug on trading accounts in the US and in the Canadian province of Quebec amidst growing regulatory restrictions in North America. Although BitMex is one of the most active bitcoin tra…
Crypto Mining Giant Canaan Eyes New York IPO After Hong Kong Snub
The world’s second-largest manufacturer of cryptocurrency mining hardware, Canaan Creative, is now considering going public in the United States rather than in Hong Kong, Bloomberg reports. According to sources who spoke to the business publicati…