The Latest Breaking News from Hong Kong

New advice comes after daily infections surged to a record this week as the Asian financial hub battles its worst outbreak of the pandemic

The EV space was swathed in a sea of red in the week ending March 4, although market leader Tesla, Inc. (NASDAQ: TSLA) and a handful of stocks managed to buck the downtrend. The negative sentiment can be traced back to company-specific catalysts, which pressured stocks.

Shares of U.S.-listed Chinese tech companies tumbled in Hong Kong on Friday, dragging the benchmark Hang Seng Index sharply lower, as investors assessed possible ripple effects from the escalating war between Russia and Ukraine.  

While Hong Kong clings to its "zero-COVID" policy, frustrations in the city are boiling over, workplace morale is being hit hard and families are splitting as a growing number of people, especially expatriates, abandon the global financial hub.

Influential U.S. lawmakers have demanded that one of the world's biggest banks, HSBC Holdings Plc, explain its actions in freezing accounts of Hong Kong pro-democracy activists, moves that could leave it liable to severe sanctions under U.S. law.

Nio, Inc. (NYSE: NIO) recently announced approval for a secondary listing in Hong Kong without issuing any shares.

Key takeaways: Eight years after its founding, fitness platform Keep Inc. has filed for a Hong Kong IPO Company says listing will empower it to turn a profit by providing funds to launch premium fitness packages and attract more subscribers By Tina Yip

Key Takeaways:

Hong Kong-based Silicon Motion’s (SIMO) shares have tumbled 23.3% in price this year amid the broader market retreat. However, the company is expected to benefit from explosive growth in the semiconductor industry and the heightened global demand for chips. Furthermore, Wall Street analysts are bullish on the stock. Thus, we…