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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Shares in the US have resumed their sell off, led by falls in the technology sector, as Federal Reserve officials and business organisations sound warnings about the fragile economic recovery. The S&P 500 fell 2.4% and is now more than 9% off its record high hit at the beginning of the month.
24/09/2020 - 8:09am Business and Market Discussion
Personal Wealth Advisor Enzio von Pfeil says that stock markets shouldn't be regarded as indicators of economic performance as trading decisions nowadays tend to be influenced by technology rather than socio-economic factors.
Alex Frew McMillan, Writer at Dragonfly Media notes that China faces a two-speed recovery, with coastal cities doing far better than the rest of the nation and exposing already existing geographical inequalities.
24/09/2020 - 8:24am View from Taiwan
Global stocks have fallen after US tech giant Apple said that it won’t meet its quarterly revenue forecast because of constrained supply around the world of its iPhones and lower Chinese demand. The company said it was "experiencing a slower return to normal conditions" than planned. Hong Kong’s unemployment rate climbed for a fourth straight month in January, hitting 3.4%, the highest level since 2016. The jobless rate in the consumption and tourism-related sectors remained at 5.2%, the highest in more than three years. Unemployment in the construction sector rose to 5.7%, the highest level in almost six years. Singapore has unveiled a S$5.6 billion (US$4.02 billion) fiscal stimulus to offset the fallout from the coronavirus in its budget announced yesterday. The extra spending will result in Singapore’s biggest budget deficit since 1997. South Korea’s President Moon Jae-in has warned that “emergency steps” are needed to prevent an escalating economic crisis in the country. He said, “the current situation is more serious than we thought.” The Trump administration is contemplating new bans on exports of American technology to China, including semiconductors and jet engines. It also plans to clamp down further on Huawei’s access to vital semiconductors. On today’s Money Talk are Stewart Aldcroft of CitiTrust, Mark Michelson from IMA Asia and over in Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
19/02/2020 - 8:08am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust thinks that international firms may reconsider their supply chain strategy by developing new warehouses and factories around Asia, as their over-reliance on the Chinese market is proving to be disruptive in times of crisis.
Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia says that the Hong Kong government's relief measures remain questionable but he highlights that the city has enough reserves to deal with the ongoing crisis.
Barry Wood, RTHK's International Economics Correspondent in Washington, D.C. points out that Apple is likely to reduce its revenue forecast for the year ahead given its high dependence on Mainland China, Taiwan and Hong Kong, which account for over 16 % of its total revenue.