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") .
Chinese technology shares have slumped for the third consecutive day as the regulatory crackdown by Beijing broadens. On the first anniversary of its inception, the Hang Seng Tech Index fell by the most since it was launched one year ago. Hit by waves of selling, nearly half of its members fell by more than 10%. The broader Hang Seng Index fell more than 1,000 points for the second straight day, with turnover hitting a record high.
28/07/2021 - 8:11am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust says that the latest global economic forecast from the IMF shows a major divide between emerging and developed nations, with the difference between vaccination rates determining whether economies have reopened and recovered.
Samuel Faveur, Chief Executive Officer at Mandarin Capital thinks that the crackdown on the education sector in mainland China is alarming for investors, and questions whether fund managers can invest in Chinese stocks amid the policy uncertainty.
RTHK’s International Economics Correspondent, Barry Wood thinks that the meeting between US and China officials in Tianjin went badly as the talks made no progression and tensions between the two nations remain stiff.
US consumer prices have climbed at the fastest pace in almost 13 years. The Consumer Price Index was 5% higher in May compared with a year ago, accelerating from a 4.2% annual rate of increase in April. The rise exceeded economists’ forecasts and is the fastest pace since hitting 5.4% in August 2008. Core CPI, which strips out volatile food and energy, rose 3.8% y/y in May, the most since 1992, following a 3% rise in April.
11/06/2021 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities, thinks that consumer inflation in the US is temporary and is due to the imbalance in demand and supply.
Nick Marro, Lead for Global Trade & Analyst at The Economist Intelligence Unit, predicts that the G7 meeting will discuss topics beyond mainland China including climate change and global taxation.
11/06/2021 - 8:24am View from India