27 Dec

27thDecember 1. From Hong Kong to Japan and Australla, intent and phone services have been badly disrupted by the powerful earthquake that rocked Taiwan last night. - The quake killed two people, injured dozens more on the island, and damaged vital communication lines that the region depend on - Taiwan authorities say the quake measured 6.7 on the Richter Scale. - Us officials alerts were issued last night 2. Hong Kong suffered severe disruptions to Internet communication, along with the rest of Aisa. - It’s too early to estimate how much it will cost, but finance companies and banks that rely heavily on Internet transactions took a big hit. - Hong Kongers had to face the fallout - Communication service especially the internets were severely disrupted after under cable were damaged off Taiwan by the quake. 3. The local stock market shot up more than two percent to end at a fresh all time high - End the day at record 19,725 - Turnover was heavy with $48 billion changing hands 4. Chief Executive Donald Tsang got plenty of praise from senior mainland officials today as he began his duty visit to Beijing - Tsang told officials there Hong Kong is enjoying its best time in 20 years with a booming economy but here at home, his popularity has dropped to its lowest level 5. In a big blow for Taiwan’s embattled leader Chen Shui – Bian, his son-in-low has been jailed for six years for insider trading - it is the first major conviction in a series of corruption scandals invdving Chen’s family and inner circle - Chao Chen-ming did not show up in count today to hear his sentence six years in jail and a 30 million Taiwan doiiars.