Tag Archives: Hong Kong

Wall Street Journal Asia: The $820,000 stamp

Posted on January 27, 2011

An extremely rare and unique Queen Victoria 96c. olive-bistre block of four sold for HK$6.4 million at Spink’s two-day auction series of rare stamps, coins, banknotes, bonds and shares which took place at The Landmark Mandarin Oriental Hotel in Hong Kong. This highly sought-after block of four stamps sold to an anonymous buyer and became the most expensive Hong Kong stamp ever sold at auction in Hong Kong.

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Success still a long shot for women in Hong Kong

Posted on March 9, 2010

Hong Kong women are celebrated for their style, glamour and a certain je ne sais quoi that is commonly perceived to result from the power of their purse. But even though women are freer, more educated, and enjoy more legal …

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Will 2010 be an explosive year for China?

Posted on January 7, 2010

At the outset of every new year, one begins to speculate on how the days will unfold and how one’s dreams and desires will play out. In Hong Kong, people look not only at the fact that we are in …

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Fear Spreads to Asian Markets As Free Market Economics Falter

Posted on September 18, 2008

Asia is watching in shock and wondering why if the problems are in the US, are the markets here selling off more dramatically.

It is back to fear tactics which immediately offset the fight or flight syndrome. In this case it is definitely all about flight. Asia in particular appears to be more volatile than other markets. It is based on sentiment according to Dan Parr, the Asia-Pacific head for BrandRapport, a consulting firm. Morgan Stanley might have released very positive third quarter earnings but nobody wants to believe that this is any indicator of their health. It is like withdrawing your bet from the fastest runner in the race because everybody else tells you that he’s surviving on steroids. Morgan and Goldman stock has come under such selling assault that their share price has gone down drastically. Investors are instead snapping up three-month Treasury bills with virtually no yield pushing gold to its biggest one-day gain in nearly 10 years. The only truly happy person must be the Indian housewife who has become rich overnight by virtue of her stridhan (gold jewelery inherited by an Indian woman at the time of her wedding).

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