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BUSINESSJul 16AI memory, chip stocks dip again as South Korean peers slump despite strong TSM resultsStocks for AI memory and chips experienced a dip, mirroring a slump in South Korean peers despite positive results from TSM. This indicates a notable trend in the technology and semiconductor market.Seeking Alpha Tech
BUSINESSJul 16Short-haul tourist arrivals fall 15% amid strong Hong Kong dollar, fewer flightsHong Kong’s short-haul visitor arrivals plunged by 15 per cent in June despite an overall growth in traffic, as higher fuel costs linked to the Middle East conflict reduced flight capacity and weaker regional currencies dampened travel demand, tourism authorities have said. The Hong Kong Tourism Board said on Thursday that the city received 3.72 million visitors last month, up by 7 per cent from a year earlier, driven largely by a 10 per cent rise in mainland Chinese arrivals to 2.88...South China Morning Post
BUSINESSJul 16Bank of Korea hikes rates for first time in 3 - 1 / 2 yearsThe Bank of Korea has increased interest rates for the first time in three and a half years. This decision marks a notable shift in the country's monetary policy.laosnews.net · United States
BUSINESSJul 16China vows helium-trade policy changes as global tightening squeezes gas suppliesChina will adjust its export controls on helium in response to changes in domestic and global supply conditions, after temporarily suspending overseas shipments of the gas last week amid a tightening global supply situation. The Ministry of Commerce said the temporary export ban was in line with the country’s foreign trade laws and World Trade Organization rules. “China is a major importer of helium,” ministry spokesman He Yadong said, adding that the temporary ban was to “safeguard domestic...South China Morning Post
BUSINESSJul 16Baidu to upgrade Hong Kong listing to primary statusSeeking Alpha Tech
BUSINESSJul 16Taiwan Semi raises growth outlook again amid 'AI megatrend' as Q2 blows past estimatesSeeking Alpha Tech
BUSINESSJul 16Xinhua Commentary : China economy keeps moving forward amid global headwindsA Xinhua commentary asserts that China's economy continues to progress despite global economic challenges. This provides an official perspective on China's economic resilience amidst international difficulties.cincinnatisun.com · United States
BUSINESSJul 16Bank of Korea hikes rates for first time in 3 - 1 / 2 yearsThe Bank of Korea has raised interest rates for the first time in three and a half years. This action signifies a notable shift in monetary policy with potential economic implications.newzealandstar.com · New Zealand
BUSINESSJul 16Xinhua Commentary : China economy keeps moving forward amid global headwindsA commentary from Xinhua states that China's economy continues to progress despite global challenges. This suggests resilience in China's economic performance amidst international difficulties.azerbaijannews.net · Azerbaijan
BUSINESSJul 16Taiwan Semiconductor Manufacturing Company declares NT$7.00 quarterly dividendTaiwan Semiconductor Manufacturing Company has declared a quarterly dividend of NT$7.00. This is a standard financial announcement from the company.Seeking Alpha Tech
BUSINESSJul 16Earnings Snapshot: Taiwan Semiconductor Manufacturing beats Q2 top and bottom line estimates; issues strong Q3 revenue outlookTaiwan Semiconductor Manufacturing exceeded Q2 financial expectations and provided a positive revenue forecast for Q3. This indicates strong performance and a confident outlook for a key player in the tech industry.Seeking Alpha Tech
BUSINESSJul 16South Korea Central Bank Raises Interest Rates To 2.75%Consumer prices climbed 3.2 percent in June from a year earlier, partly due to higher energy costs and supply chain disruptions linked to conflict in the Middle East. The post South Korea Central Bank Raises Interest Rates To 2.75% appeared first on Channels Television.Channels TV
BUSINESSJul 16IEA warns China rare earth curbs put $6.5T in production at riskSeeking Alpha Tech
BUSINESSJul 16Hong Kong set to invite ride-hailing firms to apply for licences in AugustHong Kong authorities plan to invite ride-hailing platforms to apply for operator licences as early as next month and will begin approving them in batches from the end of November, the city’s transport minister has said. Secretary for Transport and Logistics Mable Chan laid down the timeline on Thursday as lawmakers completed the negative vetting process to approve the subsidiary legislation for the ride-hailing regulatory regime. “In August, we will invite ride-hailing platform companies to...South China Morning Post
BUSINESSJul 16Taiwan Semiconductor Manufacturing in charts: Advanced nodes (7nm & below) drive 77% of Q2 wafer salesTaiwan Semiconductor Manufacturing's Q2 wafer sales are heavily driven by advanced nodes. This highlights the company's focus on cutting-edge technology and its impact on revenue.Seeking Alpha Tech
BUSINESSJul 16Cafe de Coral, in 1986, becomes first Hong Kong food chain to go public – SCMP archiveThis article was first published on July 17, 1986. Cafe de Coral the live wire in quiet market by John Mulcahy Fast-food counter Cafe de Coral hit the boards yesterday (July 16, 1986), trading up to $1.35 and recording the biggest volume of the day. Although 16.6 million Cafe de Coral shares traded, at a total value of $22.08 million, this was about all the excitement the market could muster, as it took a breather after some hectic activity on Monday and Tuesday. Another talking point was Yeo...South China Morning Post
BUSINESSJul 16Asian shares mostly decline with South Korea Kospi down 6 . 6 %, while oil prices slipAsian shares mostly declined, with South Korea's Kospi down significantly, while oil prices also slipped. This indicates a notable downturn in regional markets and commodity values.reflector.com · United States
BUSINESSJul 16South Korea KOSPI Plunges 6 . 49 % as Chip Selloff Triggers Trading Halt and Wipes Out Prior Day RallyThe South Korean KOSPI index plunged significantly, triggering a trading halt due to a chip selloff and erasing gains from the previous day. This represents a major event in the financial markets.ibtimes.com.au · Australia
BUSINESSJul 16Asian shares mostly decline with South Korea Kospi down 6 . 6 %, while oil prices slipAsian stock markets mostly declined, with South Korea's Kospi experiencing a significant drop, while oil prices also slipped. This reflects a period of negative performance in global financial and commodity markets.bozemandailychronicle.com · United States
BUSINESSJul 16Asian shares mostly decline with South Korea Kospi down 6 . 6 %, while oil prices slipAsian stock markets mostly declined, with South Korea's Kospi experiencing a significant drop, while oil prices also slipped. This reflects a period of negative performance in global financial and commodity markets.thegazette.com · United States
BUSINESSJul 16Agricultural tourism adds value to Vietnam mango industryAgricultural tourism is reportedly enhancing the value of Vietnam's mango industry. This development highlights a positive trend in combining farming with tourism for economic benefit.asianews.network · China
BUSINESSJul 16China’s imports from Africa surge after Beijing expands zero-tariff policyAfrica’s exports to China have surged since Beijing expanded its zero-tariff policy across the continent in May, as customs data showed signs of emerging trade links in a range of new sectors alongside traditional categories such as critical minerals. China’s imports from Africa soared by 21.1 per cent and 40.2 per cent year on year in May and June, respectively – outpacing the overall growth in Chinese imports over the same period, customs data showed. The increase was partly driven by China’s...South China Morning Post
BUSINESSJul 16Bank of Korea hikes base rate to 2.75% in first policy tightening since 2023Seeking Alpha Tech
BUSINESSJul 16Goldman Sachs backs HKEX with ‘buy rating’, citing Beijing’s policy support, AI stock boostWall Street investment bank Goldman Sachs has cast a vote of confidence in Hong Kong’s financial future by reaffirming its “buy rating” on Hong Kong Exchanges and Clearing (HKEX), as Beijing ramps up policy support to cement the city’s status as an international financial centre. “We see multiple tailwinds to ADT [average daily turnover] and revenue growth” in the second half of this year, analysts Thomas Wang and Simone Chen wrote in a research note on Wednesday. The move comes amid weak share...South China Morning Post
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