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A rebound in Hong Kong stocks took a breather as investors awaited more clarity on policies from the world’s key central banks and Beijing that would shape the outlook for markets next year.The Hang Seng Index fell 0.7 per cent to 25,902.69 as of 10.11am local time. The Hang Seng Tech Index dropped 1 per cent.On the mainland, the CSI 300 Index climbed 0.1 per cent and the Shanghai Composite Index retreated 0.2 per cent.Alibaba Group Holding fell 1.5 per cent to HK$154.60 and Tencent Holdings lost 0.6 per cent to HK$613.50. Online game operator NetEase retreated 3 per cent…

Jingdong Industrials, the supply-chain technology arm of JD.com, aims to raise as much as HK$3.21 billion (US$412 million) through a Hong Kong stock offering, joining a wave of Chinese mainland companies tapping into the city’s buoyant capital market.The company said it would offer 211.21 million shares priced between HK$12.70 and HK$15.50 in its primary offering, with the final offer price to be determined on December 10, according to a filing with the Hong Kong stock exchange on Wednesday.About 10 per cent of the H-share offering would be allocated to the public, with the remainder reserved for institutional investors, JD Industrials…

Masato Watabe made no effort to hide the killing. A little over an hour after he held his hand over his victim’s mouth until she was no longer breathing, he called the emergency services. Taken into custody, 79-year-old Watabe admitted to police that he alone was to blame for her death.Instead of blanket condemnation, however, Watabe has attracted sympathy in Japan, which is struggling to come up with solutions to a rapidly ageing population and growing pressure on families to take care of the elderly and infirm.“I killed my mother,” police quoted Watabe as saying. “I held her mouth. I…

Across the strategic waterway of the South China Sea, claimant countries are increasingly relying on long-endurance aerial drones to carry out continuous patrols – overcoming the geographic and logistical limitations of traditional aircraft and ships.The US Marine Corps last month deployed MQ-9A Reaper drones to the Philippines, at Manila’s request, to “support Philippine regional maritime security through shared maritime domain awareness”, according the US Marine Corps Forces, Pacific.The MQ-9As were unarmed and would be used only for intelligence, surveillance and reconnaissance, a corps spokesman said, without elaborating on the number of drones involved, according to USNI News, a media outlet…

Mainland China’s falling property prices and a weak economy could lead to rising loan defaults, adding to a surfeit of foreclosed homes and further extending the years-long slump, according to UBS.The number of apartments seized by banks from small businesses could reach more than 2.4 million by 2027, said John Lam, head of China property research at the Swiss bank, on Tuesday. Most small businesses on the mainland pledge property as collateral for loans.The sale of these foreclosed properties could impact about a fourth of China’s new home sales annually and further drive down the prices of second-hand homes, Lam…

CrowdStrike on Tuesday evening reported better-than-expected fiscal 2026 third-quarter results and forward guidance. The numbers, however, were not enough to power shares higher, given their roughly 24% advance since the cybersecurity company’s fiscal second-quarter print back in late August. That said, the latest beat and raise should help solidify recent stock gains and set the stage for further upside next year. Revenue in fiscal Q3 increased 22% year over year to $1.23 billion, beating the consensus estimate of $1.22 billion, compiled by market data provider LSEG. Adjusted earnings per share (EPS) increased to 96 cents in the three months ending…

Beijing is extending an olive branch to overseas companies as it seeks to build a more integrated global supply chain for the shipbuilding industry, in its latest push to project goodwill and support free trade.Gao Dongsheng, chief economist at the Ministry of Industry and Information Technology (MIIT), said on Tuesday that China was committed to further opening up its shipbuilding sector. 01:29China’s first 076 ‘drone carrier’ amphibious assault ship begins sea trialsChina’s first 076 ‘drone carrier’ amphibious assault ship begins sea trialsHe added that Chinese firms would seek deeper collaboration with foreign partners to accelerate the use of artificial intelligence…

A year after former president Yoon Suk-yeol declared martial law, South Korea’s ruling Democratic Party of Korea (DPK) is pushing ahead with a bill to create a separate court dedicated to handling cases linked to the decree, in response to widespread public distrust of what critics describe as a “biased” judiciary.President Lee Jae-myung warned on social media ahead of the December 3 anniversary of the decree: “If we leave hidden acts of insurrection as they are, insurrection will certainly occur again.”The DPK’s move comes as concerns grow that the judiciary, controlled by a Supreme Court leadership shaped under Yoon, may…

At a lengthy, end-of-year cabinet meeting, US Agriculture Secretary Brooke Rollins said that “just a couple of days ago, China announced that they were going to halt all purchases from Brazil because they had found some irregularities in some of the soybeans they’re buying from Brazil”.Rollins cast the move as a “continued signal that this country and our farmers produce the best, highest quality soybean, sorghum, etc, in the world”, arguing that Trump had reopened “those markets” and was helping shift farmers away from “reliance on government checks” towards “markets to sell their product”.China’s ban followed an inspection finding pesticide-treated…

Hong Kong’s booming fundraising market is set for another busy week, with four companies scheduled to debut this week and a string of billion-dollar listings – including Chinese luxury electric vehicle maker Avatr Technology – lining up behind them.Among this week’s newcomers, chip materials supplier Guangdong Tianyu Semiconductor plans to raise the highest sum, seeking up to HK$1.74 billion (US$223.42 million) from the sale of 30.07 million shares.The shares have been priced at HK$58 each. Ten per cent of the offer is earmarked for the public, with the remaining 90 per cent going to the international tranche.Meanwhile, Chinese noodle restaurant…