The Hong Kong Special Administrative Region of the People's Republic of China (Traditional Chinese: 中華人民共和國香港特別行政區 [pronunciation]) is one of the two special administrative regions (SARs) of the People's Republic of China (PRC), the other being Macau. The territory, comprising over 260 islands, is commonly known as Hong Kong (Chinese: 香港), but was often written Hongkong in older English texts. The Hong Kong Government officially changed the name of Hongkong to Hong Kong on 3 September 1926. In Chinese, it means "The Fragrant Harbour," and it has also been called "The Pearl of the Orient," "The Gateway to the East." Read more at Wikipedia
World markets mostly down as investors eye Fed
SEOUL, South Korea -- Global stock markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the Federal Reserve. Investors were waiting to see if the Fed, which wraps up a two-day policy meeting later in the day in W













