Hong Kong stocks rose for a fifth day on Tuesday, supported by Wall Street gains and Chinese industrial profit data pointing to improving earnings momentum for the metals industry. The Hang Seng Index added 0.4 per cent to 26,853.15 at the open. The Hang Seng Tech Index gained 0.4 per cent. On the mainland, the CSI 300 Index was little changed and the Shanghai Composite Index slipped 0.2 per cent....
Hong Kong stocks rose for a fifth day on Tuesday, supported by Wall Street gains and Chinese industrial profit data pointing to improving earnings momentum for the metals industry. The Hang Seng Index added 0.4 per cent to 26,853.15 at the open. The Hang Seng Tech Index gained 0.4 per cent. On the mainland, the CSI 300 Index was little changed and the Shanghai Composite Index slipped 0.2 per cent. Metal firms rose as demand for non-ferrous metals continues to grow amid geopolitical uncertainty and rapid expansion of artificial intelligence infrastructure. Advertisement Zijin Mining Group jumped 4.3 per cent to HK$44, after its subsidiary agreed to buy Allied Gold, which owns gold mines in Africa for C$5.5 billion (US$4 billion) to support its expansion. Aluminium producer China Hongqiao gained 2.2 per cent to HK$37.38. Search-engine giant Baidu lost 1.7 per cent to HK$152.90, while Chinese home-grown chipmaker SMIC dropped 0.1 per cent to HK$75.50. Advertisement Data from China’s National Bureau of Statistics on Tuesday showed profits at major industrial firms rose last year. The increase was led by ferrous metals smelting and rolling firms, where profits nearly tripled, while profits at non-ferrous metal firms climbed 22.6 per cent.
While social media rumors have suggested the errors are examples of censorship, more than a day after the issues began, TikTok USDS says the problems are the result of a power outage at a data center that it is working to resolve. Rumors of censorship targeting anti-ICE protesting or attempting to block discussion of Jeffrey Epstein appear to be misguided (even the governor of California is reshar...
While social media rumors have suggested the errors are examples of censorship, more than a day after the issues began, TikTok USDS says the problems are the result of a power outage at a data center that it is working to resolve. Rumors of censorship targeting anti-ICE protesting or attempting to block discussion of Jeffrey Epstein appear to be misguided (even the governor of California is resharing misinformation posted on Twitter by “intelligentpawg” and PopBase), with problems and glitches blocking all kinds of videos and messages on the service through Monday night. Starting early Sunday morning, TikTok’s now under new ownership US arm started breaking down just a couple of days after Oracle & Co took the reins . Its For You page algorithm is suddenly unreliable, while features like comments are failing to load or loading slowly, and publishing new videos seems nearly impossible for many people. Read on below for the latest updates about the ongoing TikTok problems, as we try to sift through social media claims to see which ones are true and which ones are just more ragebait. Is New TikTok banning the word “Epstein” in DMs? Not really. TikTok blames its US problems on a power outage TikTok USA is broken TikTok is breaking down. What TikTok’s new owners mean for your feed
Rafa Jodar/iStock via Getty Images ANGI Inc. ( ANGI ) operates a digital marketplace that connects homeowners with local service professionals across home repair and improvement categories. We rate Angi a Buy, driven by a reset cost structure, improving leading operating KPIs, and a valuation that implies little credit for recent organization-wide changes and growth. After several years of priorit...
Rafa Jodar/iStock via Getty Images ANGI Inc. ( ANGI ) operates a digital marketplace that connects homeowners with local service professionals across home repair and improvement categories. We rate Angi a Buy, driven by a reset cost structure, improving leading operating KPIs, and a valuation that implies little credit for recent organization-wide changes and growth. After several years of prioritizing profitability over top line growth, Angi now generates sustained free cash flow and enters 2026 positioned to translate incremental revenue into attractive contribution margins. ANGI dropped the " list " in March 2021. While the company may have saved on three consonants and a vowel in future branding, shareholders have paid a steeper price — a roughly 90% decline in market capitalization since the change. Nearly three years into a turnaround formerly overseen by IAC, the only list Angi is now trying to shake is the underperformers. The studs have been stripped, costs reset, and the foundation appears back on solid ground. Data by YCharts What We Are Watching The performance across the next 12 months rests on the team’s ability to reopen the growth spigot while maintaining its commitment to operational discipline imparted since 2023. Since then, the focus has been on removing empty calories from the menu, or complex services that provided top-line growth, but little leverage as measured by the bottom line. FY 2022 marked the last year of positive year-over-year revenue growth (+9%), achieved at the expense of cash balances, which decreased by ~$100 million. Since then, management has pivoted decisively toward profitability. Free cash flow has turned sustainably positive on the back of double-digit margin expansion, enabling over $160 million in share repurchases since 2023. At the time of this article, we are inside of 3 weeks from the 4Q25 earnings call , and one question remains paramount — is Angi finally positioned for a reset. Has the plumbing been laid for “Jobs...
Fidelity Wise Origin Bitcoin Fund and iShares Ethereum Trust ETF charge the same fee and offer single-asset crypto exposure, but they are built to benefit from different market dynamics. This comparison explains why that matters for investors focused on long-term upside. FIDELITY WISE ORIGIN BITCOIN FUND (FBTC 2.13%) and iShares Ethereum Trust ETF (ETHA 1.35%) both offer pure-play crypto exposure ...
Fidelity Wise Origin Bitcoin Fund and iShares Ethereum Trust ETF charge the same fee and offer single-asset crypto exposure, but they are built to benefit from different market dynamics. This comparison explains why that matters for investors focused on long-term upside. FIDELITY WISE ORIGIN BITCOIN FUND (FBTC 2.13%) and iShares Ethereum Trust ETF (ETHA 1.35%) both offer pure-play crypto exposure at identical expense ratios, but differ in asset focus, risk profile, and scale. Both FIDELITY WISE ORIGIN BITCOIN FUND (FBTC) and iShares Ethereum Trust ETF (ETHA) aim to provide investors with straightforward access to the price movements of a single cryptocurrency—bitcoin for FBTC, ether for ETHA—without the need to hold the digital assets directly. This comparison looks at cost, recent returns, risk, and what is inside to help investors decide which may better fit their portfolio objectives. Snapshot (cost & size) Metric FBTC ETHA Issuer Fidelity IShares Expense ratio 0.25% 0.25% 1-yr return (as of 2026-01-23) -13.70% -9.72% AUM $17.68 billion $10.3 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. With both funds priced at a 0.25% expense ratio, neither offers a clear cost advantage, so the decision comes down to differences in exposure, risk, and scale rather than fees. Performance & risk comparison Metric FBTC ETHA Max drawdown (1 y) (32.64%) (56.16%) Growth of $1,000 over 1 year $863 $903 What's inside ETHA delivers direct exposure to ether, with 100% of its portfolio allocated to Ether (ETH +2.50%) and no other assets or sector tilts. This single-asset focus means performance is entirely tethered to ether’s price, and the fund has been in operation for 1.6 years. Its top holdings are Ether (ETH +2.50%) 100.00% and USD Cash (CASH:USD) 0.00%. FBTC, in contrast, tracks bitcoin nearly exclusively, holding 99.98% in Bitcoin (BTC +1.38%) an...
Japan’s bond meltdown last week is threatening to further curb fundraising by real estate investment trusts that has already slowed to a crawl because of rising financing costs. Listed REITs last year raised ¥74 billion ($480 million), the least since 2009, according to data compiled by Bloomberg. While property investment trusts kicked off this year with ¥31 billion of follow-ons, the momentum is...
Japan’s bond meltdown last week is threatening to further curb fundraising by real estate investment trusts that has already slowed to a crawl because of rising financing costs. Listed REITs last year raised ¥74 billion ($480 million), the least since 2009, according to data compiled by Bloomberg. While property investment trusts kicked off this year with ¥31 billion of follow-ons, the momentum is unlikely to last, with concerns reflected in the sector underperforming the overall market as the Bank of Japan continued to raise borrowing costs. “It’s tricky to raise cash by new issuance when there are uncertainties over financing costs amid higher interest rates,” said Noaki Fujiwara , a senior fund manager at Shinkin Asset Management. Fresh fundraising may be difficult in the first half of the year, before REITs announce earnings results that will show investors the actual impact, he added. While not all the REITs are directly vulnerable to a jump in the longer-end of the curve, a quick spike in bond yields raises the risk of potential increases in borrowing and refinancing costs across the industry, according to Fujiwara, who initially expected more offerings to come. Last week, fears of fiscal excess by Prime Minister Sanae Takaichi ’s administration wiped out $41 billion from the bond market and triggered a selloff elsewhere. The debt market volatility has erased this year’s gains in the Tokyo Stock Exchange REIT Index , which has dropped 2.5% since Jan. 20, compared with a 2% decline in the TOPIX after the bond’s meltdown. The real estate trusts’ index has recently rallied to a four-year high after it plunged to the lowest since 2020. Accelerating inflation is also increasing costs for real estate managers, with construction and maintenance becoming more expensive, which may spur REITs to cash out of some holdings, further decreasing the incentive to raise funds through the stock market, said Kohei Omura , director at the real estate investment unit of private eq...
NINGBO, CHINA - JANUARY 22: Employees work on the production line of snowboards at a workshop to meet the orders on January 22, 2026 in Ningbo, Zhejiang Province of China. He Yuankai/Zhejiang Daily Press Group | Visual China Group | Getty Images China's industrial profits rose 0.6% in 2025 from a year earlier, snapping three consecutive years of declines, as manufacturing output expanded despite w...
NINGBO, CHINA - JANUARY 22: Employees work on the production line of snowboards at a workshop to meet the orders on January 22, 2026 in Ningbo, Zhejiang Province of China. He Yuankai/Zhejiang Daily Press Group | Visual China Group | Getty Images China's industrial profits rose 0.6% in 2025 from a year earlier, snapping three consecutive years of declines, as manufacturing output expanded despite weak domestic demand. The pace of growth accelerated from 0.1% in the January to November period, according to data from the National Bureau of Statistics. Industrial profits climbed 5.3% in December from a year earlier, marking the best performance since September when the earnings surged 21.6%. The earnings had faltered in October and November, falling 5.5% and 13.1% respectively. Profits at the country's major industrial firms have been battered by the bruising price wars sweeping across several industries last year as sluggish consumer demands left companies grappling with excess capacity. Beijing appears to be taking some comfort from the headline economic growth last year that met the official target of 5%, helped by strong export growth as a one-year U.S.-China trade truce kept higher tariffs at bay. But economists have called for further policy support to bolster domestic demand and broad economic growth. Retail sales grew 3.7% in 2025 from a year earlier, lagging behind the overall economic growth and a 5.9% expansion in industrial output. At a press briefing on Monday, Yang Mu, an official at the Chinese Commerce Ministry, said Beijing will step up efforts in boosting household spending for cars, home appliances, and electronic goods, while targeting consumption in the services sector. This is breaking news. Please refresh for updates.
(RTTNews) - LS ELECTRIC Co., Ltd. (010120.KS) reported that its fourth quarter net income attributable to shareholders of parent company rose to 78.785 billion south Korean won from 62.632 billion won last year. Operating income for the quarter was 130.249 billion won up from 119.897 billion won in the prior year. Quarterly sales grew to 1.520 trillion won from 1.360 trillion won in the previous y...
(RTTNews) - LS ELECTRIC Co., Ltd. (010120.KS) reported that its fourth quarter net income attributable to shareholders of parent company rose to 78.785 billion south Korean won from 62.632 billion won last year. Operating income for the quarter was 130.249 billion won up from 119.897 billion won in the prior year. Quarterly sales grew to 1.520 trillion won from 1.360 trillion won in the previous year. LS ELECTRIC was trading at KRW 502,000.00 as of 10:42:40 AM GMT+9, reflecting an increase of KRW 1,000.00 or 0.20%. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Indonesian energy and chemicals firm PT Chandra Asri Pacific Tbk has secured a $250 million loan to back its purchase of Esso-branded service stations in Singapore from Exxon Mobil Corp. , according to people familiar with the matter. Bangkok Bank and sovereign wealth fund Indonesia Investment Authority provided the eight-year facility, which will partly fund the equity portion of the acquisition,...
Indonesian energy and chemicals firm PT Chandra Asri Pacific Tbk has secured a $250 million loan to back its purchase of Esso-branded service stations in Singapore from Exxon Mobil Corp. , according to people familiar with the matter. Bangkok Bank and sovereign wealth fund Indonesia Investment Authority provided the eight-year facility, which will partly fund the equity portion of the acquisition, the people said, who asked not to be identified discussing private matters. Chandra Asri declined to comment, while Indonesia Investment Authority and Bangkok Bank didn’t respond to requests for comment. The financing underscores how private credit funds and traditional lenders increasingly operate side-by-side in mergers and acquisitions in Asia Pacific — a region flushed with bank liquidity. Although the region’s private credit market is projected to grow to $92 billion in 2027 from $59 billion in 2024, such firms often face pricing pressure from banks, which typically offer loans 200 to 400 basis points cheaper, according to an industry report . In October, Chandra Asri agreed to buy Exxon Mobil’s Esso-branded service station in Singapore for an undisclosed sum. In November, the Indonesian company announced it had obtained a $750 million loan from KKR & Co. via KKR Capital Markets , supported by its private credit and insurance platforms, according to a press release . BlackRock’s HPS Makes Its First Asia Investment After Merger Warburg Pincus Taps Barings, CPPIB for Loan to Fund Acclime Deal BlackRock Gets Nod to Extend Asia Credit Fund by Another Year
White House officials sought to rapidly distance Donald Trump and top officials from their initial portrayals of the man fatally shot by federal officials in Minnesota as a gunman, as they faced a deepening backlash after video footage was widely seen to undercut their assertions. The move came as Trump advisers appeared to realize that the caustic portrayals of the man, Alex Pretti, who was repor...
White House officials sought to rapidly distance Donald Trump and top officials from their initial portrayals of the man fatally shot by federal officials in Minnesota as a gunman, as they faced a deepening backlash after video footage was widely seen to undercut their assertions. The move came as Trump advisers appeared to realize that the caustic portrayals of the man, Alex Pretti, who was reportedly licensed to carry a gun, had turned the killing into an even larger political liability for the president. Over the weekend, senior administration officials including Stephen Miller, the deputy chief of staff, called the victim “a domestic terrorist who tried to assassinate law enforcement”, while Kristi Noem, the homeland security secretary, accused him of perpetrating “the definition of domestic terrorism”. The characterizations were undercut by video footage that showed Pretti was shot in the back roughly 10 times after being tackled to the ground by a group of US border patrol agents whom he had been filming, and disarmed of his gun. At a briefing on Monday, Karoline Leavitt, the White House press secretary, sidestepped questions about the remarks against Pretti and insisted the administration would not comment pending the outcome of multiple investigations into the shooting. “I have not heard the president characterize Mr Pretti in that way,” Leavitt said. “However, I have heard the president say he wants to let the facts and the investigation lead itself.” Todd Blanche, the deputy attorney general, separately tried to backpedal on behalf of the administration, telling Fox News: “I don’t think anybody thinks that they were comparing what happened on Saturday to the legal definition of domestic terrorism.” The evolving positions at the White House were notable for how quickly they were changing and how reactive the administration was to a sudden free fall in support of ICE and US border patrol tactics across Washington, most notably among Republicans on Capitol Hi...
By Stella Qiu SYDNEY, Jan 27 (Reuters) - Asian shares advanced on Tuesday as investors hoped for the best from a barrage of U.S. mega-cap earnings, though uncertainty caused by President Donald Trump’s latest tariff moves on South Korea limited broader gains while boosting gold and silver. Accusing South Korea's legislature of "not living up" to its trade deal with Washington, Trump said late on ...
By Stella Qiu SYDNEY, Jan 27 (Reuters) - Asian shares advanced on Tuesday as investors hoped for the best from a barrage of U.S. mega-cap earnings, though uncertainty caused by President Donald Trump’s latest tariff moves on South Korea limited broader gains while boosting gold and silver. Accusing South Korea's legislature of "not living up" to its trade deal with Washington, Trump said late on Monday he was increasing tariffs on imports from Asia's fourth-biggest economy into the U.S. such as autos, lumber and pharma to 25%. Stocks appeared to take the news in their stride, with Nasdaq futures up 0.2% as investors geared up for a slew of earnings from the so-called Magnificent Seven including the likes of Microsoft, Apple and Tesla from Wednesday. Even South Korea's KOSPI quickly reversed earlier losses to be last up 0.8%. Still, safe-haven gold climbed 1% to $5,066 an ounce, just shy of an all-time high of $5,110, while silver surged 6.4% to $110.60 an ounce, not far from a record of $117.70 just set on Monday. "The frenetic nature of uncertainty coupled with a weaker dollar have been the primary contributors to this latest leg higher (for gold)," said Christopher Louney, commodity strategist at RBC Capital Markets. "Similar major rallies of the past point to early September or mid-December based on duration alone. This means the current duration is by no means an outlier," he said, adding that gold could hit as high as $7,100/oz at year-end based on its 2025 performance. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%. Japan's Nikkei was off 0.1%, tempered by the recent sharp rebound in the yen that has clouded the outlook for its vast export sector. Chinese blue-chips were flat, while Hong Kong's Hang Seng index gained 0.4%. Overnight, Wall Street rose for a fourth straight session, with the S&P 500 and the Nasdaq hitting their highest level in more than a week. Much is riding on the earnings reports from U.S. tech giants, a...
Forget Bitcoin and Ethereum. These altcoins could deliver outsized gains to crypto investors in 2026. There's more to the crypto market than just Bitcoin (BTC +1.51%) and Ethereum (ETH +2.51%). While these two account for a combined 70% of the total value of the crypto market, there are literally hundreds of high-risk, high-upside cryptocurrencies that have the potential to outperform the two mark...
Forget Bitcoin and Ethereum. These altcoins could deliver outsized gains to crypto investors in 2026. There's more to the crypto market than just Bitcoin (BTC +1.51%) and Ethereum (ETH +2.51%). While these two account for a combined 70% of the total value of the crypto market, there are literally hundreds of high-risk, high-upside cryptocurrencies that have the potential to outperform the two market bellwethers. Three cryptocurrencies that I have my eye on in 2026 are XRP (XRP +1.78%), Solana (SOL +2.31%), and Chainlink (LINK +2.27%). All three have the potential to outperform Bitcoin and Ethereum this year to deliver outsized gains to investors. XRP In many ways, XRP is an obvious pick. It has gone on enormous rallies in the recent past, including an epic rally from November 2024 to January 2025 that saw XRP explode in price from $0.50 to $3.40. That's a staggering 580% gain in just 60 days! If anything, XRP is an even better investment this year than last year. That's because the long-running SEC case against Ripple, the company behind the XRP token, finally wrapped up in August. This new regulatory clarity has opened all sorts of new possibilities for Ripple (XRP). Case in point: Ripple sealed the deal on $2.5 billion in new blockchain acquisitions last year. In November, it also lined up $500 million in new financing at a lofty $40 billion valuation. Now it's time to buckle down and put that money to work building an end-to-end financial infrastructure with XRP at the core. If that happens, XRP could skyrocket in value. Solana Ever since its launch back in 2020, Solana has been touted as a potential "Ethereum killer." In November 2023, Cathie Wood of Ark Invest specifically pointed to the disruptive potential of Solana, given its much higher speeds, lower costs, and greater throughput capacity. Based on this disruptive potential, I'm looking for Solana ($72 billion) to continue to narrow the market cap gap with Ethereum ($355 billion). At some point in the next ...