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Mathematician quits Europe for China, 4-storm phenomenon and more best-read stories

Mathematician quits Europe for China, 4-storm phenomenon and more best-read stories

Published: 12:09pm, 15 Nov 2024
A car owner turned down compensation from a truck driver who hit her pink US$830,000 Rolls-Royce in Guangzhou, China, and then went viral when the story was posted online. But as well as inspiring admiration from some for her act of kindness, she was also accused by many others of staging the whole accident for internet fame.
Professor Ma Xiaonan is set to bring his expertise in differential geometry and topology to the prestigious Chern Institute of Mathematics. His work holds applications across fields ranging from theoretical physics to computer graphics, advancing understanding in areas such as the structure of the universe and quantum mechanics.
Why has Hong Kong experienced an unprecedented number of November typhoons? An expert explains the causes behind these rare late storms, which challenge traditional understanding of typhoon patterns, and whether this may be the new normal. Four simultaneously active tropical cyclones on November 11, (from left) Yinxing, Toraji, Usagi, and Man-yi, the first occurrence since 1951. Photo: Handout

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Hang Seng Index ends up on progress in trade talks
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RTHK

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  • RTHK

Hang Seng Index ends up on progress in trade talks

Hang Seng Index ends up on progress in trade talks The Hang Seng Index ended up 204.07 points, or 0.84 percent, at 24,366.94. File photo: RTHK Mainland Chinese and Hong Kong stocks climbed on Wednesday, lifted by optimism over progress in Sino-US trade talks, although investors awaited further details on the framework agreed upon by the two countries. In Hong Kong, the benchmark Hang Seng Index ended up 204.07 points, or 0.84 percent, at 24,366.94. In the mainland, the benchmark Shanghai Composite Index ended up 0.52 percent to 3,402.32. The Shenzhen Component Index closed 0.83 percent higher at 10,246.02. The gains came after US and Chinese officials said they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade differences. "This is positive news to the market," said Mark Dong, co-founder of Minority Asset Management. "At least now there's a bottom line that neither side is willing to cross. "Going forward, both sides will move toward reducing the trade imbalance." Zeng Wenkai, the chief investment officer at Shengqi Asset Management, said markets had likely expected the outcome. "People have realised that kneeling gets you nowhere – in fact, it only invites more bullying," Zeng said, adding that countries are now adopting a tougher stance in negotiations with the United States. The CSI Rare Earth Index gained more than 3 percent, while China's semiconductor index fell 0.1 percent. "The details matter, especially around the degree of rare earths bound for the US, and the subsequent freedom for US-produced chips to head East," said Chris Weston, head of research at Pepperstone. "But for now as long as the headlines of talks between the two parties remain constructive, risk assets should remain supported." Tech majors traded in Hong Kong advanced 1.1 percent China's auto stocks climbed nearly 2 percent after several major automakers, including BYD, Chery and Geely, pledged to pay suppliers within 60 days. (Reuters/Xinhua)

Hong Kong stocks rise slightly after US, China unveil trade agreement in London
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Hong Kong stocks rise slightly after US, China unveil trade agreement in London

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