China

Stocks fall as Chinese Covid protests dampen market sentiment

Stocks fall as Chinese Covid protests dampen market sentiment Stocks fell Monday as social unrest from China’s prolonged Covid restrictions weighed on markets, sending oil prices lower — after Wall Street notched gains during the Thanksgiving holiday-shortened week. The Dow Jones Industrial Average fell more than 60 points, or 0.2%. The 30-stock average briefly tumbled …

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China markets tank as protests erupt over Covid lockdowns

China markets tank as protests erupt over Covid lockdowns hong kong CNN Business — China’s major stock indices and its currency have opened sharply lower Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment. Hong Kong’s Hang Seng (HSI) Index fell as much as 4.2% in early trading. …

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US bans Huawei, ZTE equipment sales amid Chinese spying fears

US bans Huawei, ZTE equipment sales amid Chinese spying fears The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE because they pose “an unacceptable risk” to US national security. The US Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale …

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Apple has a huge problem with its supplier’s iPhone factory in China

Apple has a huge problem with its supplier’s iPhone factory in China hong kong CNN Business — A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms. The troubles started last …

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Kris Wu: Chinese-Canadian pop star sentenced to 13 years of prison for rape in China

Kris Wu: Chinese-Canadian pop star sentenced to 13 years of prison for rape in China hong kong CNN — A Chinese court in Beijing sentenced Chinese-Canadian pop star Kris Wu, also known as Wu Yifan, to 13 years in jail after finding him guilty of sexual offences, including rape, the court said in a post …

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Nexperia and Elmos cases show how the US-China chip war is spilling over to Europe

Nexperia and Elmos cases show how the US-China chip war is spilling over to Europe hong kong CNN Business — Two European chip deals have run into trouble over their links with China, a sign of concern spreading in the West over potential Chinese control of critical infrastructure. Last week, the new owner of Britain’s …

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Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China …

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Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus hong kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at …

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China zero-Covid: Workers at Zhengzhou iPhone factory clash with police, videos show

China zero-Covid: Workers at Zhengzhou iPhone factory clash with police, videos show Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly factory were seen confronting police, some in riot gear, on Wednesday, according to videos shared over social media. The videos show hundreds of workers facing off with law enforcement officers, many in …

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