Hong Kong's luxury hotels have surpassed pre-pandemic room rates, reaching HK$2,169 in 2025, a 1% increase from 2018 levels. This outpaces the overall hotel market, which saw rates drop 8% from 2018. The trend continued into Q1 2023, with luxury ADR up 12.3%.
Despite positive inflows into US spot Bitcoin ETFs after a ten-day losing streak, institutional demand is "not yet strong." Analysis indicates that while the "overwhelming" sell-off may be over, a clear gap persists between spot and derivatives market trends, suggesting derivatives traders are driving the recent bounce, not spot buyers.
Chinese vehicle exports are surging, with new energy vehicle shipments more than doubling to 954,000 units. This international growth is offsetting weak domestic demand and improving profit margins for manufacturers.
