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WuXi AppTec, WuXi Bio Slump as US Lawmakers Seek Formal Probe

(Bloomberg) -- Shares of WuXi AppTec Co. and WuXi Biologics (Cayman) Inc. slumped in Hong Kong as a bipartisan group of US lawmakers urged a formal probe against the companies, potentially placing them on sanctions lists.Most Read from BloombergMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillStanChart Weighs Break Up of Corporate, Investment BankPutin Seeks Revenge on a World Order He Once Wanted to JoinLyft Corrects Earnings Margin Gain to 50 Basis Points From 500Retail Traders...
Hong Kong Jialin Zhang Bloomberg Businessweek Bloomberg Shares Of Wuxi Apptec Co Wuxi Biologics Cayman Inc Country Garden Services Holdings Co
Source: yahoo.com

MSCI Cuts Swath of China Stocks From Indexes as Markets Slump

(Bloomberg) -- MSCI Inc. is cutting dozens of Chinese companies from its global benchmarks following a market rout that’s erased trillions of dollars in value from the nation’s stocks.Most Read from BloombergS&P 500 Rally Hits a Wall in Run-Up to CPI Report: Markets WrapTrump Asks Supreme Court to Keep DC Election Trial on HoldPentagon Chief Austin in Critical Care for Bladder IssueTrump Says There’s ‘No Way’ Taylor Swift Can Endorse BidenThe index provide...
Hong Kong Ping An Bloomberg Businessweek Kyle Rodda Hebe Chen Technology Co
Source: yahoo.com

MSCI to remove swath of China stocks from indexes

MSCI Inc. is cutting dozens of Chinese companies from its global benchmarks following a market rout that’s erased trillions of dollars in value from the nation’s stocks. The index provider is removing 66 companies from its MSCI China Index in its latest quarterly review, the highest tally in at least…
Ping An Hong Kong Kyle Rodda Hebe Chen Raul Ariano Bloomberg Greentown China Holdings Ltd

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Real estate stress is brewing in Asian markets other than China

Surging rates plague South Korea, Indonesia and Hong Kong Vietnam hit by crackdown; some Aussie households under strain Surging interest rates and regulatory scrutiny are causing distress for builders and creditors in Asian economies from South Korea to Vietnam, highlighting the breadth of housing woes in a region overshadowed by China's crisis. While aggressive monetary
Hong Kong Republic Of South Korea Zerlina Zeng Kim Jin Wook Asia Pacific

Hong Kong bankers' uneasy dance with property tycoons

Next year, close to $25.6 billion of bank loans taken out by Hong Kong’s property developers will be due, and only 15% of them have been — or are close to being — refinanced. Whether banks will continue lending to the business elites has become a hot issue, as commercial real estate woes plague the world’s biggest cities
Hong Kong Causeway Bay Hong Kong General Holdings Plc Lai Sun Development Co World Development Co

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