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") .
The selloff in bonds last week blew up global stocks on Friday. In the US, the NASDAQ Composite Index had its worst week since October despite rebounding on Friday. It ended the session 0.6% firmer following a 3.5% slump on Thursday. But for the week it was down almost 5%. In Hong Kong, the Hang Seng Index tumbled 1,094 points, or 3.6%, the most in nine months. Leading Friday's losses were technology shares with the Hang Seng Tech Index sinking 5.7%.
01/03/2021 - 8:09am Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital thinks that the bond market is a "high-risk, low return" sector and might take years for it to recover due to inflation in the economy.
Iris Pang, Greater China Economist at ING Wholesale Banking believes that a full global recovery is still a few years away and the economy is still quite fragile due to the recent recession.
01/03/2021 - 8:24am View from Mainland China
The US economy contracted 3.5% last year, better than economists had forecast, but still the steepest decline since 1946. In the final quarter of 2020, output increased at an annual rate of 4%, down sharply from the rebound seen in the prior quarter because of a resurgence in coronavirus cases.
29/01/2021 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities, observes a rise in exported goods prices as a result of the 14-day quarantine requirements on airline crews and he warns that this could impact Hong Kong's aviation hub status.
Ben Quinlan, CEO and Managing Partner at Quinlan & Associates, doesn't see Hong Kong government authorities' questioning of financial executives on the reasons behind their departure from the SAR as abnormal, since this could be part of a survey on Hong Kong's attractiveness.
29/01/2021 - 8:23am View from India