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Hong Kong's stock market halts trade when a typhoon warning is issued – the CEO says that may change

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In this article 388-HK Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 2:22 02:22 Hong Kong has proven time and time again that its market can bounce back: HKEX Squawk Box Asia One of the world's biggest stock exchanges has a special policy for bad weather – it halts trade whenever authorities issue a typhoon warning of Signal 8, the third highest level, or higher. Nicolas Aguzin, the CEO of Hong Kong Exchanges and Clearing , said the bourse is "constantly" looking into reviewing this protocol that halts trade in its $3.9 trillion stock market alongside other structural issues that investors face in Hong Kong. When asked when investors can expect to see a change in this policy, Aguzin told CNBC's Emily Tan that evaluations are taking place. Aguzin made his remarks just hours before another typhoon warning triggered an early end to Wednesday's trading session. The Hong Kong Observatory has issued a Signal 8 or higher a total of six times in 202...

These Chinese stocks can benefit if the metaverse takes off, JPMorgan says

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In this article JPM Some parts of China have officially promoted metaverse development plans. Pictured here is a metaverse exhibition area at an annual services trade expo in Beijing on Sept. 1, 2022. China News Service | China News Service | Getty Images BEIJING — When it comes to futuristic concepts like the metaverse, JPMorgan analysts think they've found a strategy for selecting Chinese stock plays. The metaverse is loosely defined as the next iteration of the internet, existing as a virtual world in which humans interact via three-dimensional avatars. Hype around the metaverse swept through the business industry about a year ago. But in the United States at least, it isn't gaining the momentum that companies such as Facebook had hoped. The social network giant even changed its name to Meta last year. However, its shares are down more than 50% this year — far worse than the Nasdaq's roughly 24% decline. China faces the same consumer adoption problems as the United Sta...