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1. Hong Kong sees 10-month high in upscale home sales

   Hong Kong is riding a 10-month high in transactions involving upmarket real estate deals, with former chairman and CEO of Alibaba Group Holding Zhang Yong joining the wave after purchasing a luxury home in Mid-Levels for HK$53.54 million (US$6.89 million). In the first 20 days of October, 78 first-hand private residential sales priced between HK$30 million and HK$49.99 million were registered,...

2. Hong Kong Wine and Dine Festival 2025 draws over 160,000, daily visits up 30%

   Hong Kong’s annual Wine and Dine Festival has drawn more than 160,000 people, with average daily visits up 30 per cent from last year, according to the organiser. The Hong Kong Tourism Board (HKTB) said on Monday that visitors to the four-day event were also more willing to spend this year, following the conclusion of the festival a day earlier at the Central Harbourfront Event Space. “The...

3. ‘Great friendship’: Trump arrives in Japan

   US President Donald Trump arrived in Japan on Monday, telling reporters he was excited for his meeting with new Japanese Prime Minister Sanae Takaichi and the prospect of completing a joint deal to promote shipbuilding capacity. “I look forward to meeting the new prime minister. I hear phenomenal things,” Trump told reporters aboard Air Force One as he flew from Malaysia, where he attended the...

4. DeepSeek and Qwen AI models crush Western rivals in cryptocurrency trading challenge

   Chinese artificial intelligence models DeepSeek and Qwen have surged ahead of Western rivals, including GPT, with returns exceeding 100 per cent in just nine days during an ongoing real-market cryptocurrency trading competition. DeepSeek’s Chat V3.1 model grew its initial capital of US$10,000 to US$22,900 by 2pm on Monday – a 126 per cent gain since trading began on October 18 – according to the...

5. Nexperia debacle shows Europe trapped between US and China, analysts say

   The geopolitical tussle over Dutch chip firm Nexperia has exposed Europe’s increasingly precarious position: stuck in the middle of an intense US-China rivalry and unable to satisfy both sides at once, Dutch analysts said. The only way out is for Europe to boost its strategic autonomy from both powers as soon as possible, they added. Rising tensions between China and the United States have...

6. Business and Professionals Alliance to field 14 in Hong Kong’s Legco election

   The Business and Professionals Alliance for Hong Kong party has put forward 14 candidates for the coming Legislative Council election, while one of its lawmakers has joined a wave of legislators opting not to seek another term, bringing the total to 28. The party announced the line-up on Monday, as 41-year-old legislator Benson Luk Hon-man revealed he had no plans to run for re-election. Luk...

7. South Korea, Cambodia form joint task force to tackle scam networks

   South Korean President Lee Jae-myung and Cambodian Prime Minister Hun Manet agreed on Monday to form a joint task force to combat scams targeting South Koreans, in response to growing public concern over recent abductions and detentions of Lee’s compatriots in Cambodia. The task force, which begins operations next month, will include South Korean police officers, according to presidential...

8. South China Morning Post appoints Tammy Tam as publisher in major overhaul

   The South China Morning Post has announced an overhaul of its organisational structure to appoint a publisher who will oversee both editorial and business operations at Hong Kong’s English-language newspaper of record. Board chairman Joe Tsai on Monday said editor-in-chief Tammy Tam would take up the newly created position of publisher, while executive editor Chow Chung-yan would be promoted to...

9. 2 foreigners die in 1 week climbing Nepal’s ‘Himalayan Matterhorn’

   Two mountaineers, one French and one South Korean, have died in Nepal after separate expeditions to the Ama Dablam mountain in the Himalayas, hiking officials said on Monday. Hugo Lucio Colonia Lazaro, 65, from France, was hit on the head by a falling piece of ice and was evacuated to Kathmandu by helicopter last week, said Subash Shrestha of the Himalayan Vision Treks and Expedition...

10. China should step up borrowing to boost domestic demand, economist says

    China’s central government should borrow more to lift domestic demand through supportive monetary and fiscal policy, a Chinese economist has urged. “If I can make a recommendation, what I think we could also do is to put together a more aggressive macroeconomic policy using central government leverage or adding central government leverage,” said Huang Yiping, a professor at Peking University and...