Peter Lewis: A fast moving and topical business and finance show.
A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live from 8 a.m. to 8.30 a.m. every weekday morning on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
It’s been a roller coaster week on the world’s stock markets that’s seen $3 trillion wiped off the value of US equities. The Dow traveled a total of 22,000 points last week falling over 12% from its peak putting it in a technical correction. The CBOE volatility index, the Vix, doubled over the past 5 trading days.
In the US, a prolonged shutdown of the government has been averted after lawmakers voted to pass a two-year budget. However, the latest finance bill will add more than $300 billion to the government’s spending over the next two years fueling fears over the budget deficit which is expected to increase by over $1 trillion over the next 10 years.
Hong Kong has the opposite problem. Financial Secretary Paul Chan is expected to announce a budget surplus as much as 5 times his original estimate of HK$16.3 billion in his budget on February 28. Chief Executive, Carrie Lam said on Friday that the budget could be “full of surprises”, with economic growth set to surpass 3.7% for 2017.
On today's Money Talk, we keep close track of the turbulence in the financial markets with Alex Wong, Director of Asset Management from Ample Capital and Alex Frew Mcmillan, writer at Dragonfly Media. Providing a view from the mainland is Yanan Wu, Chairman of Zhen Rong Bao.
12/02/2018 - 8:09 Business and Market Discussion
Alex Wong, Director of Asset Management from Ample Capital, warns investors to pay close attention to the Hong Kong economy since Asian stock markets are extremely weak at the moment.
Alex Frew Mcmillan, writer at Dragonfly Media, comments that Chinese economic growth is surprising and has lasted longer than expected.
12/02/2018 - 8:23 View from China