Emerging Markets-Emerging stocks sail to new 19-month highs

Feb 22 Wall Street’s record run helped emerging stocks sail to new 19-month highs on Wednesday with year-to-date gains of over 10 percent, while the rand firmed ahead of a key budget speech by the finance minister. MSCI’s emerging equity index firmed half a percent , led by a 1 percent rise in Hong Kong after New York shares hit record highs and European bourses were boosted by upbeat factory data in Germany and France.

Why tailor Suitsupply isn’t afraid of Hong Kong’s retail decline

Despite the continuing fall in retail sales – the city’s luxury sector suffered a 10.5 per cent drop in the first half of 2016 – Suitsupply has opened its first Hong Kong store in Central, and a big one at that Retailers in Hong Kong’s Central business district have endured more bad news than good over the past year, but the area still has cachet with international brands looking to enter the Hong Kong market. In early December, Dutch tailor Suitsupply opened its first boutique in the city, taking a large space on Ice House Street.