CHINA’S RIDE APP DIDI LIKELY TO PICK NEW YORK FOR ITS UPCOMING IPO

Highlights –

• China’s ride app Didi likely to pick New York for its upcoming IPO.
• The company is hoping for a valuation of at least $100 billion.
• Didi is said to have discussed the option of listing via a SPAC.
• In 2019...

HANG SENG INDEX TO BE TRANSFORMED SOON

Highlights:

• Hang Seng index, the 50-year-old index is poised to embrace change.
• The Hang Seng Index is expected to announce whether the companies with secondary listing and unequal voting rights will be included in the index for the first time.
...

HONG KONG SHARES SLUMPS BY NEARLY 2%

Highlights:

• Stocks of Asia Pacific were seen lower in the early trade today.
• Hong Kong index, Hang Seng sank majorly with a slump of 1.84% at the start of the trading day.
• The inflation report of China issued by the Chinese National Bureau ...

Wynn Macau Selling $1 trillion of bonds to reduce debt at increased rates

Wynn Macau Ltd. said it sold $1 billion in corporate bonds, netting the gaming company's proceeds of $991.3 million to minimize previously issued debt at higher interest rates.

In a filing released today with the Hong Kong Stock Exchange, two Macau casinos operators said the newly i...

Hong Kong Stocks Crushed By Protestors Dragging Asia Lower

The Hong Kong stock market has experienced a hostile and aggressive sale of stocks as a low price in light of the calamitous shooting today in the morning of by the police force which killed a protestor. This has sell-off of stocks has led to the pull of the regional markets down a slope.