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German Stocks Show Strength in Europes Battered Market [Video]

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German stocks have outpaced European rivals since the coronavirus-driven market selloff bottomed out in March, reflecting the advantages of strong balance sheets and exports to China.

The German DAX is down 3% for 2020, lagging behind the S&P 500’s 3% gain but performing far better than its European peers. The French CAC 40 and Italian FTSE MIB are down 16%, the U.K. FTSE 100 is off 20% and Spain’s Ibex 35 has slid 27% this year.

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31st August 2020 (Hong Kong) The winners of 2020 Miss Hong Kong pageant emerged yesterday evening. The champion was No. 8, Lisa MarieTseGa Ye, the first runner-up was No. 2 Celina Harto, a trainee interior designer and the second runner-up was No. 4 Rosita Kwok Pak Yin. The recently announced Miss Friendship was won []

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EAST ASIA

Huaweis research and development lab in the city of Dongguan, China is on fire, with large clouds of gray smoke billowing from the building, according to multiple videos posted to social media and the state news outlet Global Times. Its not clear what caused the blaze, but firefighters are on the scene, according to Chinas Sixth Tone news outlet, and there have been no reports of casualties.