Wed, March 29, 2023

Hong Kong

Rentalzi Review

Rentalzi Review

Rentalzi Review: General Information & First Impressions Rentalzi is an online brokerage with a wide array of trading and investing services. It operates out of Hong Kong, which we like because it is a major financial hub. The broker’s exact address is The Gateway, Harbour City, 15 Canton Road, Tsim Sha Tsui, Kowloon. It’s easily …

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HSBC Grew Wary as the Bank Broke Earnings Expectations

HSBC Grew Wary as the Bank Broke Earnings Expectations

HSBC Holdings PLC declared a significant increase in profit in the fourth quarter. This is due to growing interest rates and the banking giant’s emphasis on Asia and the Middle East. Exceeding financial analysts’ expectations, the British bank reported that its profit more than doubled in the last three months of 2022 compared to 2021, …

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Markets Obsess Over All Things AI, Reaching China

Markets obsess over all things AI, reaching China

Investors in hot global artificial intelligence-related equity are getting a reality check as the rally cools. With accuracy issues, Google’s AI chatbot demonstration, which has resulted in the company’s largest loss in more than three months, has already underwhelmed investors. Investors should not rush into speculation on stocks that may gain from such AI innovations, …

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Morgan Stanley Invokes “Buying the Dip”

Morgan Stanley Invokes “Buying the Dip”

The Hong Kong stock market plunge on Monday is an undeniable opportunity for Morgan Stanley. It suggests that investors purchase a dip. Relations between Beijing and Washington improve as China’s economy recovers. The Chinese market continues to have a low correlation with the US. The chief China equity strategist for the Wall Street bank is …

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Stock Market Comes Under Pressure Again

Stock Market Comes Under Pressure Again

Investors continue to worry that stronger-than-expected economic data will lead authorities to keep interest rates higher for longer. Potentially, this will weigh on the economy next year, as the stock market inched mostly down on Wednesday. The S&P 500 dropped 7.34 points to 3933.92, extending its losing streak to five days. The Nasdaq Composite focused …

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Stocks Plunge to Start the Week with Losses

Stocks Plunge and Start the Week with Losses

Concerns over whether aggressive Federal Reserve tightening might lead to a recession triggered stocks to plunge on Monday. After capping a back-to-back weekly rise, the S&P 500 was under fire. The Federal Reserve’s potential to slow down its interest-rate increases boosted the benchmark index by 1.2% last week, extending a November rally. The Nasdaq Composite …

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Stocks Finish Lower in Run-Up to Powell’s Speech

Stocks Finish Lower in Run-Up to Powell’s Speech

Traders Are Pessimistic About the Upcoming Powell Speech Traders were hesitant to make large bets in advance of Jerome Powell’s speech on Wednesday, so stocks cut much of their losses. Gains in energy and financial companies tempered big tech’s decline. Amazon.com’s stock has dropped as the company sells investment-grade debt. The average volume for the …

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Stock Report – stock exchange background – WibestBroker

Futu’s Net Profit Rises 23%, Despite Drop in Trading Vol

Futu, an online brokerage that provides Chinese investors with access to the Hong Kong and US stock markets, has released its unaudited third-quarter financial results. The company reports a 12.4% increase in revenue, reaching $247.9 million. The company’s gross profit rose 18% year-over-year (YoY) to $220.1 million, while the net income increased by 22.7% in …

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