Word: honge
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...calamitous selloff on Asian markets. There was some damage after Washington failed to pass a $700 billion bailout plan for the U.S. financial system, the catalyst for Wall Street's plunge. Japan's Nikkei Index fell 4.1% on Sept. 30; after declining in early trading, stocks in China and Hong Kong eked out small gains. "The reaction was not as bad as I had feared," says Dariusz Kowalcyzk, chief investment strategist of CFC Seymour, a boutique investment bank in Hong Kong...
...MSCI Asia-Pacific Index is down nearly 30% in 2008, while China's Shanghai market is down 60% from it's January high (The Dow is down 20% this year). Asian shares already took a hit after the rescue package failed to pass over the weekend, with shares in Hong Kong and Tokyo plunging by 5.5% and 5% respectively on Sept. 29. "It's pretty terrible already," Kowalcyzk says...
...Although they are not currently suspected by authorities of using melamine, farmers may have played an indirect role in the crisis, says Joseph Cheng, who runs the Contemporary China Research Project at City University of Hong Kong. That's because farmers were squeezed between the rising cost of cattle feed and government-imposed caps on the price of milk. "The feed price rises, the milk price is low and they lose money," Cheng says. "What do you do? You feed the cattle with low-quality feed. Then the quality of the milk is very bad and the protein content...
...Although Jin's Asian-American following is significant, his use of Cantonese has also helped him get "very big" in Hong Kong, says DJ Tommy, a founding member of Cantonese rap forefathers LMF. "People are excited," Tommy says...
...regrets, describing his Hong Kong move as "growth" and "going forward." Hopefully the chance to win fresh converts, target new Chinese-speaking markets and play a formative role in an Asian rap scene that yearns for someone of his experience will keep him content for a long time to come. "I might not have been the guy who sold a million records," he says, "but you can't accuse me of not properly representing hip-hop and Asian culture...