
Hong Kong stocks rise as US court blocks US tariffs
The Hang Seng Index grew 150 points, or 0.65 percent, to 23,408 points by midday. SING TAO
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South China Morning Post
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Trump says his top economic officials will meet with China counterparts in London next week
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South China Morning Post
2 hours ago
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Ancient Chinese rules on animal sacrifices and how the practice has evolved today
Facing obstacles in Europe and North America, Hong Kong has, in recent years, sought non-traditional sources of business and investment opportunities, including countries in the Middle East. In the process of reaching out to these countries, there has been interest among some Hongkongers in learning about Islamic culture. Even if their motivation is unquestionably mercantile, it is not necessarily a bad thing. The world can certainly do with more awareness and understanding of different beliefs and ways of life. This weekend, Muslims around the world celebrate Eid al-Adha, 'the Feast of Sacrifice', a major festival in the Islamic calendar besides the more well-known Eid al-Fitr Eid al-Adha commemorates the willingness of the Prophet Ibrahim – known as Abraham in Jewish and Christian traditions – to sacrifice his son in obedience to God's command. Just as Ibrahim was about to carry out the sacrifice, God intervened and provided a ram to be sacrificed instead. To honour this act of devotion, Muslims around the world perform korban, a ritual animal sacrifice, during Eid al-Adha. Korban involves the slaughter of livestock such as goats, sheep or cows, following Islamic guidelines. The meat is divided into three parts: one-third is kept by the family, one-third is given to relatives and friends, and one-third is distributed to the poor. This ensures that everyone, especially those less fortunate, can partake in the festival. Eid al-Adha begins with a special congregational prayer followed by korban and community gatherings. It is a time of reflection, generosity and gratitude, emphasising faith, compassion and social responsibility within Muslim communities.


South China Morning Post
3 hours ago
- South China Morning Post
With US-China rivalry ‘putting the squeeze' on Asian markets, is taking sides an option?
Caught in the undertow of swirling power plays between China and the United States, Asia has become like a piece of driftwood battered by the pounding of opposing tides. With key tariff deadlines approaching in July, and in light of lingering trade tensions between the world's two biggest economies, many countries in the region are facing a delicate, pragmatic choice: bow to Washington's growing pressure to crack down on supply chains and enforcement – or preserve the economic ambiguity that underpins their deep ties with Beijing? Asian countries have entwined their supply chains, technology, markets and investment with Beijing – accounting for one-third of China's total trade volume, or US$1.89 trillion last year. Meanwhile, some of them may need security assurances from the US amid the growing Chinese influence in the region, analysts said. China remains the top trading partner for 18 countries across the region and has been the largest trading partner of the Association of Southeast Asian Nations (Asean) for 15 consecutive years. Meanwhile, economic asymmetry and military advantage have often translated into Beijing's leverage in market power while, for many in the region, Washington represents security, diversification and strategic rebalancing, with its military presence, investment and advanced technology, analysts said. That leaves many Asian economies walking a tightrope – benefiting from China's vast market while remaining wary of the risks of over-dependence. For much of Asia, maintaining ties with both while caught in between has become a survival strategy.