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Consumer stocks lift China and Hong Kong’s markets to close higher, reversing the declines during a tumultuous week

Consumer stocks lifted Chinese and Hong Kong indexes on Friday, as investors are betting that the Chinese government will dip into its coffers to provide financial stimulus to keep the economy growing.Hong Kong’s Hang Seng Index rose 0.9 per cent to close at 25,734.22 on Friday. The gauge fell 0.8 per cent during the week, the fourth week of declines, weighed down by lacklustre corporate earnings and the impact of escalating protests that earlier brought the city’s airport to a standstill for… Source link

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Singapore 

Man fined $7,000 for accidentally killing wife while reversing car, Singapore News

They were married for more than 30 years. But in a moment of panic, he reversed his car into her, killing her. Quek Chin Ling, 69, stood as a broken man in the dock yesterday. The retiree was fined $7,000 for causing death by a negligent act. At about 7pm on April 25, 2017, Quek and his wife, Madam Ng Siew Fong, 64, were on their way to meet friends to discuss an upcoming holiday to China. But they got lost in Ang Mo Kio, and sought help from a…

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Singapore 

Parliament: Bionix did not stop reversing in CFC Liu Kai incident despite repeated commands, says Ng Eng Hen, Singapore News

SINGAPORE – The Bionix armoured vehicle which collided into the Land Rover that Corporal First Class Liu Kai was driving, leading to his death, did not stop reversing despite repeated commands for its driver to do so, Defence Minister Ng Eng Hen revealed in Parliament on Monday (Feb 11). In the Nov 3 accident, the Bionix Infantry Fighting Vehicle stopped only after it mounted the driver’s side of the Land Rover – about eight seconds after it started reversing, said Dr Ng. An independent Committee of Inquiry (COI), as well…

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