HONG KONG (AP) —
Hong Kong police on Thursday morning arrested the chief editor and four other senior executives of the pro-democracy Apple Daily newspaper under the national security law and were searching its offices, media reported.
Apple Daily, the South China Morning Post and other local media said those arrested were Apple Daily’s chief editor Ryan Law, Cheung Kim-hung, the CEO of Next Digital, which operates Apple Daily, as well as its chief operating officer and two other editors.
The government said in a statement that Hong Kong’s National Security Department had arrested five directors of a company for “suspected contravention” of the national security law.
Four men and one woman aged between 47 and 63 were arrested on suspicion of collusion with a “foreign country or with external elements to endanger national security” according to the statement, which did not name those arrested.
More than 200 police officers entered Apple Daily’s offices on Thursday morning with a warrant to carry out a search, local media reported. The government said in a statement that police had a court warrant and searched a media organization on Thursday for evidence of a suspected violation of the national security law.
It is the second time that Hong Kong’s police force have conducted an operation on Apple Daily, with police arresting founder Jimmy Lai and other executives last year on suspicion of national security law violations or fraud.
Lai is currently serving a 20-month prison sentence for his role in unauthorized assemblies in 2019, during a period when Hong Kong saw massive anti-government protests. Last month, authorities froze Lai’s assets and shares in Next Digital.
Featured Article: What is meant by a buy rating?7 Stocks to Buy That Will Benefit From Inflation
There are two narratives that are getting conflated when it comes to inflation. The first is whether or not inflation is occurring. And the second is whether inflation will get out of control.
To the first point, the clear answer is absolutely. There are price increases in everything from commodities to semiconductor chips. And even though lumber prices have gone down it’s a good bet that many consumers will put off their deck projects for another day.
And, of course, inflation numbers tend to strip out gas and groceries – but those are precisely the areas where consumers feel inflation the most. Inflation is real.
But is this just “transitory” as many analysts and the Fed itself claim? Or is it only the beginning of something much worse? The answer to those questions is probably above our pay grade.
As an investor, the inflation narrative only changes where you allocate your investment dollars. And for the most part, you’re probably only looking at a small percentage of your portfolio.
However, the first rule of investing is to not lose money so it’s important to identify companies that can provide a hedge against inflation – transitory or otherwise.
That’s the focus of this special presentation. Right now there are many strong companies that benefit when inflation is on the rise.
View the "7 Stocks to Buy That Will Benefit From Inflation"