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Asia-Pacific markets fall as investors seek clarification on China's Covid rule changes

Asia-Pacific markets fall as investors seek clarification on China’s Covid rule changes

Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …

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Asia-Pacific Markets Rise, Japanese Yen Strengthens as Fed Signals Lower Rises

Asia-Pacific Markets Rise, Japanese Yen Strengthens as Fed Signals Lower Rises

Japanese yen strengthens after Powell’s comment on small bulls Temasek’s $245m FTX loss ‘damaged reputation’ of Singapore, Deputy PM says Singapore’s Deputy Prime Minister Lawrence Wong says the state’s sovereign wealth fund’s loss of $275 million investment in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” of the city-state. But the loss …

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Chinese factory activity data falls short of expectations;  Asia-Pacific markets mixed

Chinese factory activity data falls short of expectations; Asia-Pacific markets mixed

Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …

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Hong Kong stocks rise nearly 4% ahead of Chinese Covid briefing

Hong Kong stocks rise nearly 4% ahead of Chinese Covid briefing

Chinese clues appear ahead of Covid briefing Indices in China jumped more than 2% as investors closely watched developments in the national zero-Covid policy after posting losses in the previous session. The Chinese CSI 300 index rose 2.97% during the morning session, while the Shanghai composite climbed 2.2%. The Shenzhen Component The index gained 2.172%. …

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Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

Indian stocks hit all-time highs Indian stocks hit new highs in Monday’s session. The Nifty 50 Index, the flagship index of the National Stock Exchange of India, reached 18,611.05, surpassing the previous intraday high of 18,604.45 seen on October 19, 2021. The Sensex reached 62,690.39 during the morning session in India, also surpassing previous record …

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Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

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Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

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Hong Kong shares drop 2% in Asia session;  China keeps interest rates unchanged

Hong Kong shares drop 2% in Asia session; China keeps interest rates unchanged

Japanese trading houses rise as Berkshire Hathaway reportedly increases stake Shares of some Japanese trading houses rose at the start of the Asian session, despite declines in markets in the region, after billionaire Warren Buffett’s Berkshire Hathaway increased its stake in the companies, according to individual regulatory filings. Berkshire increased its stake by more than …

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Hong Kong Stocks Up 3% as Tech Stocks Rise;  China's activity data disappoints

Hong Kong Stocks Up 3% as Tech Stocks Rise; China’s activity data disappoints

There’s huge value in some Chinese tech stocks, says Primavera Capital Shares of major Chinese tech companies are currently “so depressed” and “really cheap,” said Fred Hu, founder and chairman of Primavera Capital. The Hang Seng Tech index in Hong Kong is down more than 30% year-to-date, although the index has rebounded in recent weeks. …

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China relaxes its Covid measures.  Here's how market pros play it

China relaxes its Covid measures. Here’s how market pros play it

China announced last week a shortening of its quarantine requirements, while simplifying travel rules and adjusting its surveillance regime. The news raised hopes that the country could soon materially roll back its draconian Covid restrictions, widely considered the toughest in the world. China has remained firm on its zero Covid policy even as countries around …

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