Around the World's Markets: Hong Kong
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.HONG KONG shares closed after one of the territory's largest banks said bad debts in China contributed to a 56 per cent drop in profits last year.
The Hang Seng index closed down 96.83 points at 9,502.72 in the wake of the Bank of East Asia's profit figures. Bank of East Asia - one of the first major banks to report 1998 earnings - said profits fell to $120m, and bad debt write-offs totalled $192m. Analysts said BEA's debt provisions confirmed problems of corporate bad loans in China.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments