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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.
China imposes sanctions on five U.S. military manufacturers in response to Washington's arms sales to Taiwan, escalating tensions between the countries.
Against the backdrop of escalating tensions, Wang acknowledged the diverse array of challenges confronting the bilateral relationship, encompassing issues such as national security, trade restrictions, global conflicts, climate change, and the sensitive topic of Taiwan.
Houthi rebels defy US warnings, staging a provocative drone boat attack in the Red Sea. The bold move heightens tensions, prompting global concerns and the need for diplomatic responses to address this latest act of aggression in the volatile Middle East.
The elections in Bangladesh highlight a complex geopolitical landscape, with China's potential influence on the ruling Awami League.
Oil prices experienced a notable 1% jump as U.S. forces successfully thwarted a Houthi attack in the Red Sea, marking the first trading day of the new year with heightened geopolitical tensions influencing global commodity markets.
In his New Year message, President Xi Jinping emphasizes China's unwavering determination for reunification with Taiwan, showcasing a firm commitment to its territorial matters with Taiwan.
Singapore's economy, under Prime Minister Lee Hsien Loong's leadership, resiliently grows amidst global challenges.
The U.S. sees China as a formidable challenge to the existing international order, citing Beijing's military expansion and territorial claims, particularly in the South China Sea and around Taiwan.
In a positive development, the two sides exchanged prisoners of war on December 13, followed by a joint statement, marking a rare direct communication not mediated by a third party between both parties.
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