Stocks in Hong Kong and on the mainland plunged ahead of the lunar new year holiday on concerns that the spreading coronavirus could cause a slowdown in consumer spending and affect the retail, leisure, travel and entertainment sectors. The Hang Seng dropped 1.7% with every constituent of the index lower by lunchtime. The Shanghai Composite Index tumbled 1.5% on its final day of trading before the long holiday shutdown, on track for its biggest loss in over two months. Markets in Shanghai and Shenzhen will be closed from Friday until January 30.
On Friday's Money Talk we're joined by Francis Lun, CEO of Geo Securities and Tariq Dennison, Portfolio Manager at GFM Asset Management. On the phone from Sydney with the view from Australia is Toby Lawson, Head of Global Markets at Societe Generale.
On Friday's Backchat, we'll be looking at the spread of the new coronavirus in Hong Kong and in the Mainland.
What do you make of Hong Kong government's measures to handle the situation? Are you worried? What realistic precautions should we take over the holiday?
What will happen in Wuhan, a city apparently locked down?.
From 9:20-9:30, we'll talk about rocket science - China to launch a new space station module in 2020.
Let us know your thoughts. You can leave a message on our Facebook page Backchat on RTHK Radio 3, email us at email@example.com, or give us a call on 23388266.
This coming Saturday afternoon at 12.05, join us for more Good Ol' Country with Michael Lance. Apart from being one quarter of the amazing Metro Vocal Group, he's lived and breathed country music since he was small. Michael was born in Lincoln, Nebraska, and raised on beef, corn, and potatoes. At a young age, he travelled North America with his family's Country and Western band, and developed a love for those great story driven songs, sung by some of the greatest story tellers of all time. Stand up, find a partner, and dance the two-step to some....Good Ol' Country. (Saturdays, 12.05pm-1pm, Facebook: @nebraskamike)
For some people, their work is their passion and their passion is their work. Unfortunately not everybody is that lucky. So, for many in Hong Kong the long working days are spent dreaming about their real loves in life. It may be the model railway in their garden, or their butterfly collection or...well, listen to Anna Fenton's series Passions to find out. This twelve part series was first broascast in 2015, and this Saturday morning (January 25th) at 8.30 you can hear the final episode.
Produced by Phil Whelan
Vintage Chart Toppers: Kung Hei! Kung Hei! Yup, Colin and Nipper are back on the oolong tea to celebrate the lunar new year by catching the slow boat to Singapore, some home town blues and there's a new accent down at the laundry!
(Every Sunday, 8.30am-9am)
Life is too short to do anything but to love! When Christmas is coming to town, let’s share the gift of hope and kindness to brighten the lives of the needy. One of Hong Kong’s most significant annual charity campaigns – Operation Santa Claus (OSC), jointly organised by Radio Television Hong Kong (RTHK) Radio 3 and the South China Morning Post (SCMP), has raised about HK$300 million and has benefited over 280 charities in the past 31 years. A launch ceremony for “Operation Santa Claus 2019”, themed as “From Hong Kong with Love”, was held today (7 November) at the HKEX Connect Hall. 13 selected deserving causes that will benefit from this year’s community-wide charity event were also introduced.
Executive Council Convenor Bernard CHAN was invited to be a guest of honour for “Operation Santa Claus 2019” Launch Ceremony along with Executive Director and Chief Executive of Hong Kong Exchanges and Clearing Limited Charles LI. Director of Broadcasting LEUNG Ka-wing, Editor-in-Chief of SCMP Tammy TAM, OSC 2019 Ambassadors Stephanie AU and Pakho CHAU, jointly officiated at the launch ceremony which marked the start of a series of fundraising events that will be held in November and December. The Ceremony also featured performances by a capella Metro Vocal Group and the Oboe and Cor Anglais Duo 2S.
OSC 2019 Ambassador Stephanie Au
OSC 2019 Ambassador Pakho CHAU
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