Hong Kong shares tracked mainland losses to fall 3.5 percent yesterday, as banking stocks led a sell-off on resurgent fears that strong economic data could trigger a new round of austerity measures.
Hong Kong Electronics Fair (Spring Edition), organized by Hong Kong Trade Development Council (HKTDC), opened yesterday and will run until April 17.
Shanghai's stock market rose yesterday, led by financials, after the biggest bank and the largest listed brokerage said they would report good first-quarter earnings.
A survey of how the business community views China's tax system has revealed overwhelming support for the government's new corporate income tax law, with 85 percent of the respondents saying it has had a positive impact on the economy.
Ikea, the world's largest home- furnishings retailer, plans to slow the pace of its expansion as a global economic slowdown erodes sales, Chief Executive Officer Anders Dahlvig said yesterday.
The Group of Seven economic powers are likely to deploy an international team to keep closer tabs on the world's big banks while demanding better risk management and information disclosure across financial markets.
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