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The week's biggest highlight, however, will undoubtedly be the Taiwanese presidential and parliamentary elections on Saturday, January 13th. These elections, seen as a flashpoint for broader China-Taiwan tensions, come at a time of heightened regional anxieties following recent U.S. arms sales to the island nation.
The UAE witnessed the highest net inflow of millionaires globally in 2022, and this trend is expected to persist, with an estimated net inflow of another 4,500 in 2023, according to data from Dubai-based wealth and immigration adviser Henley & Partners.
The Hang Seng index, a barometer of Hong Kong's financial health, nosedived by 2.3%, closing at 20,174.92. Healthcare stocks were the star performers in the downward direction, with Alibaba Health and JD Health plummeting 8.2% and 6.1%, respectively.
Chinese companies have surged ahead in the development of light detection and ranging (lidar) sensors, a critical component for self-driving technology.
Hong Kong's enhanced Cash for Residency Scheme, unveiled on December 20, is poised to invigorate capital markets and bolster the city's status as a hub for family offices.
Hangzhou-based Geely Automobile Group unveils the Galaxy E8, its first pure electric sedan priced at 175,800 yuan (US$24,752), aiming to compete with BYD's popular Han model.
Indonesia's presidential contenders are all set to debate critical issues related to the country and its defence situation to address regional challenges and conflicts.
Chinese naval scientists claim a breakthrough in maritime tracking technology, enabling the use of signals from other countries' military radars to locate and track ships.
China has imposed sanctions on five U.S. defense-related companies, including BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat, and Data Link Solutions.
China's Ant Group is on the verge of a $200 million acquisition of Dutch payments firm MultiSafepay, marking its latest move to expand its presence in Western payment markets.
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