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Asia shares gain despite rise in Chinese COVID cases

Asia shares gain despite rise in Chinese COVID cases

SYDNEY, Nov 23 (Reuters) – Asian stock markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China, leaving investors uncertain about how much new outbreaks could slow the reopening of the world’s second largest economy. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.3%, after US stocks ended …

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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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China eases some quarantines for travelers even as cases rise

China eases some quarantines for travelers even as cases rise

BEIJING (AP) — Travelers arriving in China will spend less time in quarantine thanks to changes to sweeping virus checks announced Friday to reduce disruption to the economy and society. The announcement came as a surge in COVID-19 cases prompted Beijing to close parks and impose other restrictions. The country has reported 10,729 new cases …

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