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Hong Kong stocks rise around 3% after reports say city plans to ease Covid rule

Hong Kong stocks rise around 3% after reports say city plans to ease Covid rule

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China’s National Health Commission issues guidelines for treating Covid at home Chinese health authorities announced guidelines on Thursday to treat Covid patients at home, a day after formalizing a policy that allows most infected patients to quarantine at home, as part of the easing measures in the country. The notice on the National Health Commission …

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Asian markets trade mixed amid recession fears; China to release trade data

Asian markets trade mixed amid recession fears; China to release trade data

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China expects further drop in exports and imports China’s trade data for November is expected to show a further decline in both exports and imports, according to a Reuters poll of economists. Exports are expected to fall 3.5% in November on an annualized basis after falling 0.3% in October, and imports are expected to fall …

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Hong Kong shares jump 3% as China relaxes some virus rules

Hong Kong shares jump 3% as China relaxes some virus rules

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Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors …

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Japanese stocks drag losses in Asia as investors seek clarification on China's Covid rule changes

Japanese stocks drag losses in Asia as investors seek clarification on China’s Covid rule changes

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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

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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

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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 shares rise nearly 4% in Asia session; The Covid situation in China remains at the center of concerns

Hong Kong shares jump 4% ahead of Chinese Covid briefing

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China unlikely to make sudden changes to its Covid policy: National University of Singapore The Chinese government is unlikely to make any sudden changes to its zero Covid policy as it will lead to chaos, Professor Wang Gungwu of the National University of Singapore said on CNBC’s “Squawk Box Asia.” “If you change the policy …

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Hong Kong shares rise nearly 4% in Asia session; The Covid situation in China remains at the center of concerns

Hong Kong shares rise nearly 4% in Asia session; The Covid situation in China remains at the center of concerns

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Hong Kong-listed property stocks rise after China changes fundraising rule Shares linked to Hong Kong-listed property developers surged after the Chinese regulator announced it would lift a ban on raising equity funds for the sector. The China Securities Regulatory Commission announced five measures to support the real estate market, including removing a multi-year restriction on …

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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

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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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