China 

Chinese attendees give US investment conference their collective snub as year-long trade war escalates, spills over to tech

The Chinese delegation to a major conference on foreign investments hosted by the United States government shrank sharply for a second year, as the protracted US-China trade war diminished business appetite amid tightening regulatory scrutiny in both countries on deals.A total of 76 company representatives and government officials from China attended the annual Select USA Investment Summit, down from last year’s 101 delegates and 155 in 2017, according to organisers of the Monday event in… Source link

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China 

China’s biggest chip maker, SMIC, to withdraw from New York Stock Exchange as trade spat with US spills over to tech sector

China’s biggest maker of semiconductors is to withdraw from the New York Stock Exchange as the increasingly ferocious trade war with the US spills over into the technology sector.Semiconductor Manufacturing International Corp (SMIC) said on Friday evening it has notified NYSE of its intention to apply on June 3 to delist its so-called American depositary receipts from the bourse. In a filing to the Hong Kong stock exchange, where its shares are listed, SMIC cited low trading volumes of its ADRs… Source link

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Singapore 

Fury and fear in Singapore after American man Mikhy Farrera Brochez spills city’s HIV secrets, Singapore News

Rico has lived with HIV for almost a decade, confiding in only a small number of people in socially conservative Singapore, fearful of the reaction. Last month, he got a phone call saying information about his condition had been published online. Rico was one of 14,200 people whose HIV status, name and address were dumped on the internet by an American man who is believed to have obtained the confidential data from his partner – a senior Singaporean doctor. “The LGBT community is angry and frustrated with the entire ordeal,”…

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Home 

US sell-off spills over to Asia, sending stocks in mainland China, Hong Kong tumbling

Mainland China and Hong Kong stocks fell, following turmoil in US equities that erased the annual gains for major benchmarks there amid weaker housing sales and disappointing earnings. The Shanghai Composite Index dropped 2 per cent to 2,550.59 on Thursday morning trading and the Hang Seng Index sank 2.1 per cent to 24,708.54. Stock gauges in Asia all fell, with Japan’s Nikkei 225 index being the biggest decliner with a loss of 3 per cent. The S&P 500 Index retreated 3.1 per cent in overnight trading and the Dow Jones…

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Investment 

Investor euphoria in China Evergrande spills over to mainland property firms listed in Hong Kong

Heavy buy-back activity in the shares of mainland-based property companies and moves to lower mortgage rates in Shanghai provided a boost to the sector last week. China Evergrande Group was the top buyer in terms of value on the Hong Kong exchange in July with a whopping 160.5 million shares worth HK$3.36 billion. The shares that were cancelled represented 1.22 per cent of its issued capital. The buy-backs were made from July 3 to 27 at HK$19.26 to HK$22.05 or an average of HK$20.94 each. The group recorded buys on…

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