We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Indonesia’s plan for a rival to Singapore starts to take shape Indonesia wants to build a financial centre to rival Singapore, Hong Kong or Dubai, but analysts say the real work of persuading global investors has barely begun. 2. Japan voters ‘pretty angry’ with PM...
A sharp pullback in US space-technology giant SpaceX and renewed valuation pressure on Wall Street’s tech heavyweights are unlikely to trigger a major sell-off in Hong Kong equities, according to analysts, who note that local tech firms operate under distinct business models and lack the stretched valuations of their overseas peers. “I don’t think there will be much impact” in Hong Kong, said Kenny Tang Sing-hing, chairman of the Hong Kong Institute of Financial Analysts and Professional...
We have put together stories from our coverage on science from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. China’s satellite engine smashes record, leaves US rival far behind China has tested a satellite engine with a record-breaking operating life, a key technology that could help propel the world’s largest communications, military and deep-space spacecraft into their intended orbits faster and more reliably. 2....
To challenge the global launch market dominance of Elon Musk’s SpaceX, Beijing is adopting a coordinated, multi-company “wolf-pack” strategy fuelled by recent engineering breakthroughs in reusable rocketry. The milestones come as a wave of aerospace firms push to secure the capital needed to scale operations and capture global market share. According to exchange filings in Shanghai and Hong Kong, at least 15 commercial aerospace companies were now in the pipeline to go public. Among the...
A month on from the firm's stock market debut, the reality of how SpaceX currently makes money has seemed to come into clearer focus.
China’s landmark recovery of a reusable rocket has ignited heated debate on social media, with reactions ranging from awe at the rapid pace of Chinese space development to speculation over a more intense space race with the United States. This comes at a time of renewed optimism around the satellite sector, as commercial demand for internet constellations skyrockets. China made history on Friday by becoming only the second nation to achieve the controlled recovery of an orbital-class rocket...
SpaceX joins Nasdaq-100 after IPO, bypassing traditional three-month trading rule for inclusion in the tech-heavy index.
Musk-led company joined the index on Tuesday, less than a month after its stock market debut on June 12.
Hong Kong has surrendered its IPO fundraising crown to Nasdaq following SpaceX’s blockbuster listing earlier this month, but it did so while seeing its IPO proceeds register a year-on-year rise of about 84 per cent in the first half of 2026 – consolidating the region’s position as a primary offshore financial hub for Chinese issuers. A total of 83 companies raised US$26.42 billion on the Hong Kong stock exchange’s main board from January to June, according to LSEG Data & Analytics. The figure,...