Word: hong
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Talk about déjà vu. On July 29, the Shanghai Composite Index fell 5%, setting off panic selling in Hong Kong and dinging even the Dow. But Chinese stocks rebounded 2.7% the next trading day, the steepest rise in two months. Fast forward to Aug. 31. The Shanghai index dropped 6.7% that day, causing panic around Asia and even in distant markets like...
...slump in the stock market really a reflection of rot in the wider economy? Not necessarily. Unlike the NYSE or the Hong Kong Stock Exchange, where institutional investors react as much to fundamentals as to greed and fear, the Shanghai and Shenzhen exchanges are dominated by retail investors driven to frenzy by speculation and sentiment...
...curious, the number of people who bemoan Hong Kong's independent-music scene. Critics (and expats in town for brief, superficial sojourns) adopt a default posture of digit-pointing, waving jaded index fingers at a concert calendar crammed with Cantopop and mainstream international acts. But even the most cursory probing reveals plenty of homegrown edge. Consider the Underground, a fortnightly indie-music night that takes place in venues across town, whose organizers have showcased more than 300 bands in its five years of existence. That's irrefutable evidence that if you're looking to tap into live, original music...
...zestful testosterone-fueled rock of the David Bowie Knives and the visceral emo stylings of all-girl band the Ember - is a laudable testament to the city's musical diversity. Granted, some of the listening experience lacks polish, not least because, in their zeal to forward the cause of Hong Kong music, the promoters have included two tracks from each act; at 22 songs, the album cries out for editing. But that's a secondary point. As on any Underground night, the bands are here to plug in and strut their stuff. The world may think of Hong Kong music...
...tour her factory today is to witness one of the last food operations in Hong Kong that still follows time-honored methods. Rows of massive ceramic vats command center stage on the factory floor. In them, blackened soybeans, salt and a dash of wheat flour ferment for more than a year before Tsang deems the process complete. The rich, smoky, preservative-free sauce is thicker and less salty than its competitors. Yuan's oyster sauce, which sells for $24 for 250 ml and tastes like a blast of fresh oysters, is even more impressive...