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Hong Kong shares surged as investors ignored US-China tensions

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Trump blasts China over Hong Kong national security law

Hong Kong Hang Seng Index (HSI) up more than 3.3% in morning trade. This is the first opportunity for investors there to react to US President Donald Trump’s announcement last week that Washington would “begin the process of removing policy exceptions that give Hong Kong different and special treatment” from mainland China.
Trump’s response marks an increase in tension between the United States and China – The president criticized Beijing for agreeing to a national security law that fundamentally undermines Hong Kong’s autonomy.
Experts have shown that Trump’s actions are likely to have little impact because of Hong Kong don’t export a lot of goods to the US.

Trump’s comments are “long on criticism of China but lack of action,” Stephen Innes, head of global market strategy at AxiCorp, said in a research note Monday.

Other major indexes in Asia were also higher on Monday. South Korea Kospi (KOSPI) up 1.5%, Japan Nikkei 225 (N225) up 1.2% and China Shanghai Composite Index (SHCOMP) up 1.7%.

“Reopening optimism is the highest,” Innes wrote.

New data from China shows factories there are recovering from the pandemic.

Manufacturing activity in the country unexpectedly rose last month, according to a closely watched personal survey. The media group Caixin said on Monday that China’s manufacturing purchasing managers’ index rose to 50.7 in May, up from 49.4 in April. It also beat 49.6 surveyed by analysts Refinitiv had guessed. Figures above the 50 point level indicate growth.

“Manufacturing production is recovering faster than demand because the domestic economy is recovering from an epidemic,” wrote Wang Zhe, senior economist at Caixin Insight Group, in a statement accompanying Caixin’s data. Wang added, however, that exports remained slow because the whole world continued to wrestle with the virus.

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Over the weekend, the Chinese government too reports that its official manufacturing PMI grew in May. The official non-manufacturing PMI survey, which measures the service sector, also indicates expansion – another suggestion for recovering domestic economic activity, according to Jeffrey Halley, senior market analyst for Asia Pacific in Oanda.

However, South Korea and Taiwan experienced a decline in production in May. And while output in the Philippines, Vietnam, Malaysia and Thailand increased when locking was reduced, PMI for Southeast Asian countries still showed contraction rather than growth, according to Alex Holmes, Asian economist for Capital Economics.

“The bigger picture remains the same – the manufacturing sector in the region is in a deep recession,” Holmes wrote in a note Monday. “Output may still be far below normal levels for the coming months because domestic and global demand remains very depressed.”

US stock futures muted. Dow (INDU) futures rose 0.1%, meanwhile Nasdaq (COMP) and S&P 500 (SPX) mostly flat futures.

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Computer exam | The PLATO mission is looking for another “Earth”. And there is a Portuguese name associated

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The PLATO observatory will have 26 telescopic cameras to detect planets like ours in size, density and distance from a star orbiting thousands of sun-like stars. Portugal is actively engaged in science, development and processing of observations of this mission and will be able to name one of the cameras that are part of the mission.

The IA has now opened a vote to choose a Portuguese name, which will then be the identification of one of the cameras “during the existence of the mission in space, as a way to honor the astronomers who prepared the science that the PLATO mission will allow to advance,” can be read on the institute’s online page.

Taking into account the criteria that it must be a person who was born somewhere within the current boundaries of the territory, who contributed to astronomy in our country, especially in the study of stars and planetary systems, and who cannot be a living person, the IA proposes the following personalities:

– Teodoro de Almeida (1722-1804)

– José Monteiro da Rocha (1734-1819)

– Campos Rodriguez (1836-1919)

– Francisco de Miranda da Costa Lobo (1864-1945)

– Manuel de Barros (1908-1971)

See a brief biography of each of these personalities here and take the opportunity to vote.

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Switzerland hosts Portuguese cinema in Locarno

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Europeus de motas de água vão passar em Entre-os-Rios

The film “Nasao Valente” by Carlos Conceisan is part of Film Festival in Locarnoin Switzerland in August, in an edition containing other Portuguese and co-produced works, out of competition.

According to the schedule for the 75th edition, released this Wednesday, the international feature film competition is hosting “Nacao Valente,” a feature film by Carlos Conceicao that, according to producer Terratreme Filmes, is about “the end of Portuguese colonialism, the independence of Angola.” and the Trauma of Colonial War.

The film features actors such as João Arraes, Anabela Moreira, Gustavo Sumpta and Leonor Silveira and was co-produced with France and Angola, where Carlos Conceição was born in 1979.

Carlos Conceição is the author of films such as Versailles presented in Locarno in 2013, Bad Bunny (2017), Serpentario (2019) and A Thread of Scarlet Spit (2020).

At the Locarno Film Festival, which will be held from 3 to 13 August, other Portuguese films will also be presented out of competition, namely “Where is this street? Or without before and after”, Joao Pedro Rodriguez and Joao Rui Guerra da Mata, also producer of Terratreme.

In Locarno, where they have already received awards, the two directors will present the premiere of a documentary filmed in Lisbon, revisiting the scenes of Paulo Rocha’s Os Verdes Anos (1963) with actress Isabelle Ruth.

Also out of competition and in the program dedicated to the first works will be “Objetos de Luz”, a visual reflection on the importance of light in cinematic creativity, signed by director of photography Acasio de Almeida and Marie Carré, producer of Bando à Part.

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The “Pardi di domani” competition for short and medium films features the animated film “L’ombre des papillons” by Moroccan director Sophia El Hyari, co-produced by France, Qatar, Morocco and Portugal. Cola Animation.

Day of Despair (1992), a film by Manoel de Oliveira about the last days of the life of the writer Camilo Castelo Branco, will be screened in Locarno in the Film History(s) section.

On the eve of the Locarno festival, in Piazza Grande, the animated film “No Dogs and Italians” directed by Alain Ughetto, recently awarded in Annecy, a Portuguese co-production with Ocidental Filmes, will be screened. .

Giona A. Nazzaro, second year as Artistic Director of the Locarno Festival, described this year’s program as “broad, varied and comprehensive”.

#portugalpositive

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Portuguese heritage at the Jewish cemetery in Hamburg

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Portuguese heritage at the Jewish cemetery in Hamburg

The Jewish-Portuguese cemetery in Hamburg is an outstanding example of the Portuguese presence in the world, where history confirms the well-known ability of the Portuguese to adapt to the most unexpected contexts and situations.

Built in 1611 with over 1,500 graves recorded, according to some sources, the cemetery was officially closed almost a century and a half ago and is today a heavily visited site and the oldest in the city and northern Europe. You pass the gate that protects it, and the visitor is immediately enveloped in tall and scattered trees, which give shade and freshness to the tombstones inscribed in Portuguese, others in Hebrew, many covered with a veil of soot and moss, some fallen vertically.

Fleeing from Portugal due to the Inquisition at the end of the 16th century, the new Christians were well received in Hamburg, where they found a place to live without hiding their religion and Jewish rituals. Located then in one of the most noble districts of the city, the name of the Königstraße, Rua dos Reisis a reflection of this.

The land was acquired by the Portuguese merchants André Falero, Rui Cardoso and Alvaro Dinis, who won the sovereign’s favor and thus managed to ensure that “the Portuguese people could bury their dead,” the Sephardic Jews, according to the little book. Stone Archive – 400th Anniversary of the Jewish Cemetery in Königstraße. Through their actions, they have left to posterity an extraordinary legacy in which to find part of the history of Portugal and Hamburg, which certainly contributed to the fact that this city is today the most Portuguese in Germany, with countless traces of our presence, starting with the “Portuguese Quarter”, crowded with restaurants , to the old school ship Sagres anchored in port, from the ubiquitous custard tarts to the only bust of Vasco da Gama to be found abroad.

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Later, the cemetery was expanded through the acquisition of adjacent land by Ashkenazi and German Jews, where members of illustrious families such as the poet Heinrich Heine or the philosopher Mendelssohn were buried.

The cemetery withstood the passage of time, wars and Nazi bombardments. Just as he resisted the theft and anti-Semitic vandalism that hit him several times, apparently on some of the tombstones, broken or damaged.

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