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Growth upgrade boosts sentiment 

Growth upgrade boosts sentiment 

HONG KONG: Asian markets edged up after the IMF upgraded its global growth forecast but China’s markets underperformed amid growing cross-strait tensions and on concerns the central bank is tightening liquidity.China said its carrier group is exercising near Taiwan and such drills will become regular, while Taiwan’s foreign minister said …

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Markets upbeat on recovery prospects

Markets upbeat on recovery prospects

HONG KONG: Asian markets were broadly higher on recovery hopes but Hong Kong and mainland China markets underperformed after the US SEC started a process that could force Chinese companies to delist from US exchanges if they did not comply with US auditing standards.But oil remained on edge as efforts …

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Baidu’s lukewarm reception on HK debut still raises $3.1 billion 

Baidu’s lukewarm reception on HK debut still raises $3.1 billion 

Investors gave tech conglomerate Baidu’s secondary listing debut in Hong Kong a lukewarm reception – but the internet giant still generated $3.1 billion.Baidu Inc’s shares closed flat on Tuesday with investors wary of the fundraising flurry in the city and the search company's growth plans.The downbeat mood towards Chinese technology …

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Sanction worries spook markets

Sanction worries spook markets

HONG KONG: Asian markets were weighed under by the spectre of sanctions on China after the United States said it does not rule out any further actions on China over concerns about human rights related to China’s Xinjiang region.This follows comments from Australia and New Zealand’s foreign ministers there was …

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Asia markets roiled by stormy US-China talks 

Asia markets roiled by stormy US-China talks 

HONG KONG: Asian markets stumbled after a stormy opening at the US-China talks renewed worries about tensions between the world’s two biggest economies.This sent investors to safe havens like US Treasuries, gold and the dollar – 10-year yields fell 2 basis points to 1.69% and the dollar added 0.1% to …

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Risk market stabilises on manageable inflation comment 

Risk market stabilises on manageable inflation comment 

HONG KONG: Asian markets were broadly higher on the confidence that while inflation was a significant economic risk, it was manageable.China’s markets underperformed as investors worried Beijing was turning hawkish on asset bubbles and could shift its monetary bias to cap risky asset valuations.Japan’s Nikkei 225 index edged up 0.17%, …

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Stimulus rollout, vaccine plan lifts markets 

Stimulus rollout, vaccine plan lifts markets 

HONG KONG: Asian markets were on a sugar high as US President Joe Biden signed the $1.9 trillion stimulus package and said he would direct states to make all adults eligible for the coronavirus vaccine by May 1.But worries about the escalation of US-China tensions over Hong Kong weighed on …

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Inflation relief, US stimulus drives markets 

Inflation relief, US stimulus drives markets 

HONG KONG: Asian markets surged on Thursday on the confidence inflation is a manageable risk and the passage of the $1.9 trillion US stimulus package would supercharge the economic recovery.“Once volatility in US yields subside and bond fund flows stabilise, credit markets may return their focus back to a positive …

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Asian equities advance but inflation and correction worries persist  

Asian equities advance but inflation and correction worries persist  

Asian markets rose on Wednesday following the previous day's losses but investors remain on guard over a possible correction as concerns about asset bubbles and a surge in inflation continue to play against progress in fighting coronavirus. News of more vaccines coming online and being rolled out, the expected passage …

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Risk appetite boosted as bond volatility calms 

Risk appetite boosted as bond volatility calms 

HONG KONG: Asian risk markets rallied as bonds stabilised on Monday and signs of progress in the US stimulus package and vaccine rollouts helped boost sentiment, with investors looking past the weak Chinese factory data published at the weekend.The US House of Representatives passed the $1.9 trillion coronavirus relief package, …

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