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Hong Kong-based New World Development Company Limited and the Abu Dhabi Investment Authority (ADIA) are seeking to refinance a HK$9.25 billion syndicated loan. The loan is linked to the purchase of luxury hotels in Hong Kong. Renaissance Harbour View Hotel, Hyatt Regency Hong Kong, Tsim Sha Tsui, and Grand Hyatt Hong Kong are the loan’s…
The Hong Kong stock market on Thursday halted the four-day losing streak in which it had plummeted almost 1,000 points or 7 percent. The Hang Seng Index now rests just beneath the 15,400-point plateau and it's expected to see additional support on Friday.
Nowness Asia will also establish an awards ceremony honoring emerging Asian artists in moving-image culture this year.
Several index-heavy stocks are technically oversold, prompting a rebound as traders see an end to the four-day rout across the market.
The Hong Kong stock market has finished lower in four straight sessions, tumbling almost 1,000 points or 7 percent along the way. The Hang Seng Index now rests just above the 15,275-point plateau and it's expected to take further damage again on Thursday.