Almost 12 months after they were forced to buy up stocks to put a floor under the market, China’s brokerages are in a bad place again. The anticipated trading rush after a link between the Hong Kong and Shenzhen stock exchanges opened Dec. 5 hasn’t eventuated and investors are punishing firms including Guotai Junan International Holdings Ltd. and Haitong …

  With a month to go before he assumes responsibility for the US military, President-elect Donald Trump is already demonstrating his aggravation over runaway costs. Recent tweets have targeted the high price of not just Air Force One, a relatively minor project, but also the new F-35 fighter, the largest defense contract in history. He’s also called for a lifetime …

  Ties between Taipei and Beijing were already frosty since China-sceptic Tsai Ing-wen took power in Taiwan in May. This marked the demise of eight years of cross-strait rapprochement. But Taiwanese leader’s unprecedented phone call to US President-elect Donald Trump further angered Beijing. Tsai’s call was the first between a Taiwanese and US leader since Washington switched recognition from Taipei …