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  • Asian Stocks Sink As Fed Week Begins, China Reopens Strong

    Asian Stocks Sink As Fed Week Begins, China Reopens Strong0

    Most Asian stock markets sank on Monday as caution kicked in ahead of a Federal Reserve meeting and key economic data this week, while Chinese shares rose sharply as they resumed trade after a week-long holiday. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose 1.2% and 0.7%, respectively, with markets betting that the

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  • Chinese Stocks Surge After Week-Long Holiday

    Chinese Stocks Surge After Week-Long Holiday0

    Chinese stock markets rose sharply on Monday as they resumed trade after the Lunar New Year holiday, while a commitment from the government to boost spending and support economic growth also aided sentiment. The Shanghai Shenzhen CSI 300 index rose 1.3%, while the Shanghai Composite index added 0.6%, with most sectors trading positively. Automobile and

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  • MSCI Seeks Feedback On Adani Group Over Hindenburg Report

    MSCI Seeks Feedback On Adani Group Over Hindenburg Report0

    Index provider MSCI said on Saturday it was seeking feedback on Adani Group and associated securities and was aware of a report issued by short-seller Hindenburg Research. Seven listed companies of the Adani conglomerate – controlled by one of the world’s richest men Gautam Adani – have lost a combined $48 billion in market value

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  • Fashion Retailer H&M’s Profit Tumbles As Costs Bite

    Fashion Retailer H&M’s Profit Tumbles As Costs Bite0

    Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7% in early trade. Operating profit in the period, the world’s second-biggest fashion retailer’s fiscal fourth quarter, was 821

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