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 every weekday morning 8 to 8:30 a.m. 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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Global Stock markets have fallen sharply as concerns grow over the spread of China's deadly flu-like virus. Hong Kong and mainland shares were the hardest hit. China's Shanghai Composite fell by the most in eight months and the Hang Seng in Hong Kong tumbled below 28,000. However, US shares have recovered after the World Health Organisation tried to calm fears over the deadly coronavirus.
The European Central Bank has left interest rates in the eurozone unchanged and launched a strategic review into its monetary policy, after once again failing to reach its inflation target of 2%.
US Treasury Secretary Steven Mnuchin has told teenage environmentalist Greta Thunberg to go away and study economics before lecturing investors. He said her call for investors to divest fossil fuels showed a lack of understanding about the economy and jobs.
On today’s Money Talk we’re joined by Gavin Parry of Parry International Trading and Tariq Dennison at GFM Asset Management. On the phone from Sydney with the view from Australia is Toby Lawson of Societe Generale.
24/01/2020 - 8:08am Business and Market Discussion
Gavin Parry, Managing Director at Parry International Trading says it's too early to buy following this week's sharp falls in Hong Kong and mainland stock markets.
Tariq Dennison, Portfolio Manager at GFM highlighted that it will take at least six months to get comprehensive economic data about the impact of the Wuhan coronavirus.
24/01/2020 - 8:24am View from Australia
China’s factory activity unexpectedly bounced back into expansion territory in November. The official Manufacturing PMI rose to 50.2, from 49.3 in October. The reading beat expectations and was the highest since March.
Hong Kong has seen its biggest monthly drop in tourist arrivals since May 2003 when the city was hit by SARS, falling by 43.7% y/y in October. The number of mainland visitors dropped to 2.5 million in October, down almost 46% from the previous month.
Hong Kong Airlines is delaying payment to some of its staff, saying its business has been "severely affected by the social unrest in Hong Kong". Except for cabin crew and overseas staff, the financially troubled airline will pay staff their November salaries on December 6.
Beijing is insisting US trade tariffs must be rolled back as part of any phase one trade deal with Washington. The Global Times said, “a US pledge to scrap tariffs scheduled for December 15 cannot replace the rollbacks of tariffs.”
On today’s Money Talk we're joined by Alex Wong of Ample Capital and Dickie Wong from Kingston Securities.
02/12/2019 - 8.08am Business and Market Discussions
Alex Wong, Director of Asset Management at Ample Capital commented that the sharp fall in Hong Kong stocks was led by a decline in the healthcare sector as a result of more drugs being added to the medical insurance scheme on the mainland.
Dickie Wong, Head of Research at Kingston Securities suggests that the signing of the Hong Kong Human Rights and Democracy Act might cause a delay to the phase one trade deal between China and US.