Hong Kong

Foreign maids in Hong Kong protest over 13 US dollar pay rise

Hong Kong  - Foreign maids working in Hong Kong were Thursday preparing to stage protests over a 12.8 US dollar a month pay rise awarded to them by the government.

Macau casino's stock market debut delayed by family dispute

Hong Kong - The Hong Kong stock market debut of Macau's casino mogul Stanley Ho's flagship company was on Wednesday delayed as a result of a legal challenge by Ho's sister Winnie. 

More than one in three Hong Kong people plays the stock markets

Hong Kong - Hong Kong's reputation as a business-savvy city was bolstered Wednesday by a survey which found that more than one third of adults invest in stocks or shares.

The survey by the Hong Kong Exchanges and Clearing Limited, which runs the former British colony's stock exchange, found 35.7 per cent of the city's adult population - or
2.02 million people - hold stocks or shares.

The average holding in stocks and shares is around 100,000 Hong Kong dollars (12,800 US dollars) and the typical investor is a 42-year-old with a monthly income of around 2,900 US dollars, the survey of more than 2,200 people found.

China loves him, but Hong Kong leader's public appeal hits new low

Hong Kong - Public support for Hong Kong leader Donald Tsang has hit an all-time low with support slipping beneath 50 per cent for the first time, a survey released Wednesday said.

In a monthly poll of more than 1,000 people, University of Hong Kong researchers found that only 45.8 per cent of the respondents said they would vote for Tsang in an election, compared to 51.3 per cent in June.

His personal popularity rating meanwhile fell 2 percentage points to 55.9 per cent, the lowest since China appointed Tsang as Hong Kong's leader in June 2005.

Tsang began his reign as chief executive on a wave of public support with almost 80 per cent saying they would vote for him if they were able to do so.

Hong Kong stocks fall 3 per cent on renewed concerns over economy

Hong Kong  - Hong Kong stocks plunged 3.16 per cent Tuesday on renewed concerns over the US economy.

The Hang Seng index closed 692 points lower to end trading at 22,120 points, its lowest level in 15 weeks. Turnover was 63.25 billion Hong Kong dollars (8.7 billion US dollars).

The fall wiped out gains from Monday's rally when the index rose more than 2 per cent on talks of market-boosting measures in China.

However, analysts said investors took fright and dumped blue chips following overnight losses on Wall Street and when the measures failed to materialise.

Losses were across the board with heavyweights HSBC and China Mobile leading the way, losing 2.4 per cent and 2.75 per cent respectively.

Hong Kong shares rebound by more than 2 per cent

Hong Kong - Hong Kong stocks jumped by more than 2 per cent Monday as sentiment improved following a week in which shares slipped to their lowest level in three months.

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