Global stocks skid as Hong Kong returns as Sino-U.S. flashpoint
Friday, 22 May 2020 Global shares tumbled on Friday as Hong Kong's political unrest returned as a flashpoint in fast-deteriorating U.S.-China relations, following Beijing's moves to impose a new security law on the city.
Equity benchmark indices closed lower on Friday due to underperformance by banking and financial stocks as the Reserve Bank of India forecast contraction in H1 FY21 GDP growth, cut repo rate by 40 basis points to inject liquidity and extended the loan repayment moratorium by another three months up...
Hong Kong media tycoon and pro-democracy campaigner Jimmy Lai was denied bail on Thursday on a charge of fraud related to the lease of a building that houses his newspaper Apple Daily. Flora Bradley-Watson reports.
Legislators from a global cross-party alliance on China urged people to buy Australian wine on Tuesday, posting a video in response to trade sanctions on wine imported from Australia. Libby Hogan reports.