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...spending were strictly limited....
...“It’s damaging for appetite,” said an investment bank trading desk head in Hong Kong....
...The central government purchasing office this month also said limited purchases of Intel- and AMD-powered computers could continue, provided departments “comply with relevant management procedures”....
...CATL is also slowly moving forward with a share sale in Hong Kong, mainly to bring in customers as stakeholders, Zeng said. “Many of our customers . . . they want to invest in us,” he said....
...Hong Kong’s Hang Seng index jumped 1.9 per cent in early trading and China’s CSI 300 added 0.2 per cent....
...ByteDance has said it will “restructure” its video-gaming business, after failing to gain market share against rivals Tencent and NetEase....
...Shares in Tencent gained 4.3 per cent on Tuesday, while NetEase climbed more than 4.6 per cent. Hong Kong’s broader Hang Seng index rose 2.5 per cent....
...Hong Kong’s Hang Seng index dipped more than 1.5 per cent by the afternoon. The tech sub-index fell more than 4.5 per cent as shares in NetEase dropped as much as 22 per cent....
...Separately on Tuesday, China’s video game regulator removed from its website draft rules that proposed controls on players’ spending, boosting shares in Hong Kong-listed game developers Tencent and NetEase...
...Shares in rival NetEase were down more than 24 per cent in Hong Kong, setting up the company’s US stock for the steepest daily fall since its Wall Street debut in 2010....
...Personal computer maker Lenovo, electronics and vehicles conglomerate BYD and internet group NetEase, which added 7.8 per cent, 3.6 per cent and 3.7 per cent, respectively....
...During exogenous shocks such as the Asian and global financial crises, there was an understanding that government response was limited and that Hong Kong’s business class would need to get off the floor,...
...The petition, filed at the Hong Kong High Court by Ever Credit Limited, involved non-payment of a HK$1.6bn ($204.5mn) loan, plus accrued interest....
...But they clawed back some of those losses, rising more than 5 per cent in Hong Kong on Wednesday, in their first trading session after official rhetoric appeared to soften Beijing’s stance....
...Tencent, one of China’s biggest tech groups, fell nearly 7 per cent in Hong Kong, while rival NetEase dropped 10 per cent, according to Reuters data....
...Hong Kong is now “firmly under Beijing’s thumb”, says Prasad, warning that “[Beijing’s] imposition of its limited version of the rule of law that features judicial subservience to the government could erode...
...“NetEase did not put much market effort into it, and no one was expecting it to do this well,” she added....
...The beauty of Hong Kong is that everything is so accessible – everywhere is walkable or reachable by car in 20 minutes....
...Alas for Hong Kong, while China is responsible for the general gloom, mainland losses have been more limited, with the CSI 300 (pink line) off a mere 6 per cent: Officials telling institutional investors...
...Hong Kong’s Hang Seng index fell 0.7 per cent, Japan’s Topix shed 0.2 per cent and China’s CSI 300 was down 1 per cent. South Korea’s Kospi added 0.5 per cent....
...Hong Kong stocks fell for the fourth consecutive session on Monday, as gloom over China’s economic performance and uncertainty in the technology industry dimmed sentiment....
...The IPO option has become more difficult because of challenging market conditions in places such as Hong Kong and China....
...The mine is run by a unit of Jardine, one of Hong Kong’s oldest colonial-era business empires....
...The company, which uses the brand name Wada Bento, has sold more than 600,000 hot bentos in Hong Kong since its inception in 2019....
...The move will mean a shift away from an index that includes Hong Kong-listed equities....
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