Peter Lewis: A fast moving and topical business and finance show.
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 from 8 a.m. to 8.30 a.m. every weekday morning 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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
Chinese stocks have seen their worst falls in almost a year and a half. Rising bond yields and tougher rules on credit and lending have combined to send mainland A-shares to their lowest levels in 2-months and caused a sharp sell off in H-shares listed in Hong Kong. The CSI Index of blue chip companies on the mainland tumbled 2.9%.
China’s censorship of the internet has claimed another victim. Popular video-calling app Skype has been removed from China’s app stores after the government said they violated local laws.
The Eurozone composite purchasing managers’ index has risen to its highest level since early 2011 suggesting the economy in the Eurozone is continuing to accelerate. New manufacturing orders hit a 17-year high and French business confidence is near a 10-year high.
Joining today’s Money Talk are Francis Lun, CEO of GEO Securities and Le Xia, Chief Economist for Asia at BBVA Research. We also go down to Australia and speak with Toby Lawson the CEO of SocGen Securities.
24/11/2017 - 8:08 Business and Market Headlines
Francis Lun, CEO of GEO Securities, is concerned that China’s economy is running out of steam and the expected 6.5% growth in GDP may not be reached due to the economic slowdown.
Le Xia, Chief Economist for Asia at BBVA Research, says that Chinese investors are expecting a further clampdown on risk, resulting in rising bond yields and real interest rates that will hamper the Chinese economy.
24/11/2017 - 8:24 View from Australia