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

Hong Kong shares fall 2% on Covid fears; China keeps interest rates unchanged

Oil prices fall as China faces Covid concerns, Goldman Sachs cuts forecast Oil prices fell nearly a dollar as China’s Covid concerns grew, with the country seeing the first virus-related deaths recorded since May this year. Brent futures lost less than a dollar, or 0.9%, to settle at $86.83 a barrel and United States West …

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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 shares drop more than 2% as Tencent cuts Meituan stake;  Japan has a trade deficit of $15 billion

Hong Kong shares drop more than 2% as Tencent cuts Meituan stake; Japan has a trade deficit of $15 billion

NetEase plunges after Blizzard announces suspension of gaming services in China Hong Kong listed shares of NetEase plunged 13% after Blizzard Entertainment, a subunit of ActivisionBlizzardsaid it would suspend gaming services in China, citing the expiration of licensing agreements with NetEase. “We are extremely grateful for the passion our Chinese community has shown throughout the …

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Hong Kong stocks up 2% as tech stocks rise;  China's activity data disappoints

Hong Kong stocks up 2% as tech stocks rise; China’s activity data disappoints

Hong Kong-listed Chinese tech stocks jump in early trading Hong Kong-listed shares of Chinese tech companies rose significantly in the first hour of trading. Tencent increased by 7.6%, Meituan gained 5.9%, and Ali Baba increased by 9%. The Hang Seng Tech index rose around 4%. The moves come despite disappointing data on Chinese retail activity …

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Hong Kong stocks rise in mixed Asia-Pacific session, Softbank shares fall 14%

Hong Kong stocks rise in mixed Asia-Pacific session, Softbank shares fall 14%

Foreign tourist arrivals will not return to pre-Covid levels until 2025, Indonesian minister says Foreign tourist arrivals in Indonesia will not return to pre-Covid levels until 2025, according to the country’s tourism ministry. Sandiaga Uno, the country’s tourism and creative economy minister, said foreign tourist arrivals are currently at 25% of pre-pandemic levels. The government …

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Hong Kong stocks gain more than 5% as Asian markets rise after US inflation report

Hong Kong stocks gain more than 5% as Asian markets rise after US inflation report

Earnings preview: Softbank to post net profit after posting earlier losses Softbank is expected to post a net profit in upcoming quarterly results. A median forecast predicts the Japanese conglomerate will post annualized net profit of 2.769 billion yen ($19.5 billion) for its second quarter ending September 30, according to a Refinitiv survey. The company …

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