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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Fed Chairman Jerome Powell has sent US stocks and bonds lower after he failed to reassure investors on the inflation outlook. Mr. Powell said the economic reopening could “create some upward pressure on prices,” but he reiterated that the central bank would be “patient” before changing policy. He noted the recent rise in bond yields but said the Fed would need to see a broader increase across the rate spectrum before considering any action.
05/03/2021 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities says that rising US bond yields have led to frenzied selling of Hong Kong stocks, which are dependent upon low interest rates.
Sunil Kashyap, Managing Director at Bank of Nova Scotia, commentating on Hong Kong being dropped from the Heritage Foundation’s Economic Freedom Index, believes that it is difficult for countries to achieve a free economy.
05/03/2021 - 8:24am View from India
Technology shares have tumbled in Hong Kong and the US as the Bloomberg Commodity Index rose to the highest level since 2013, raising the spectre of inflation. In Hong Kong, the Hang Seng Tech Index plunged 5.5%, in the worst-sell off since mid-November. In the US, the NASDAQ Composite Index tumbled 2.5% to a 3-week low.
23/02/2021 - 8:09am Business and Market Discussion
Dickie Wong, Head of Research at Kingston Securities, is concerned about rising inflation expectations in the markets and believes that investors are too optimistic about the economic outlook in Mainland China.
Alex Frew McMillian, Writer at Dragonfly Media, thinks that the large amounts of technology stocks being sold is due to retail investors.
23/02/2021 - 8:25am View from South Korea