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Hong Kong stocks closed lower: the Hang Seng Index fell 3.03% and the Hang Seng Tech Index fell 5.03%. Internet, semiconductor supply-chain and biotech sectors led losses. Lenovo Group (00992.HK) dropped nearly 11%, Hua Hong Semiconductor (01347.HK)

2026-10-22

Hong Kong stocks closed lower: the Hang Seng Index fell 3.03% and the Hang Seng Tech Index fell 5.03%. Internet, semiconductor supply-chain and biotech sectors led losses. Lenovo Group (00992.HK) dropped nearly 11%, Hua Hong Semiconductor (01347.HK) fell 9.5%, Wuxi Biologics (02269.HK) slid 8.4% and Alibaba (09988.HK) declined more than 6%.

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2026-10-22

Barclays will cut about 5,000 roles—roughly 5% of staff—as part of structural cost reductions to free resources for investment, the bank said in a presentation on Thursday. The bank said artificial intelligence is already boosting efficiency and is a

Barclays will cut about 5,000 roles—roughly 5% of staff—as part of structural cost reductions to free resources for investment, the bank said in a presentation on Thursday. The bank said artificial intelligence is already boosting efficiency and is a key driver of the restructuring, which includes organizational simplification. Barclays said it has about 93,000 employees globally as of end-2025.
2026-10-21

UBS Group: Lowered its target price for General Motors from $112 to $109.

UBS Group: Lowered its target price for General Motors from $112 to $109.
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