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...He worked at a factory from the age of 12 and rose to manager in a decade. By his 30s, Lai had founded his own fashion retail chain, Giordano, which expanded into the rest of Asia....
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...Hong Kong’s Hang Seng index shed 0.5 per cent, Japan’s Topix rose 0.9 per cent and South Korea’s Kospi was flat. China’s CSI 300 fell 0.2 per cent....
...Gross gaming revenue in the city rose 67 per cent year on year to 19.3bn patacas in January, putting it at 77.5 per cent of the level during the same month in 2019, before the Covid-19 pandemic, according...
...Analysts at Jefferies estimated that while overall tourist spending rose during the holiday this year, spending per tourist was down 9.5 per cent from 2019 levels....
...The yield on the two-year note rose 0.07 percentage points to 4.21 per cent. Treasury yields move inversely to price....
...The seasonally adjusted Caixin services purchasing managers’ index released on Thursday rose to 52.9 in December from 51.5 the previous month, above the 50-point threshold that separates expansion from contraction...
...Markets: Equities in Hong Kong declined, while stocks in Japan rose on Monday morning....
...Spot gold prices rose 0.1 per cent on Friday to trade at $2,045.19 a troy ounce but remained 0.8 per cent below last Friday’s close, putting it on track for its first decline in four weeks....
...In the US on Tuesday, equities rose while Treasury yields and the dollar index declined to their lowest level in months....
...The S&P 500 added 0.2 per cent, while the tech-dominated Nasdaq Composite rose 0.1 per cent....
...Caixin’s China general manufacturing purchasing managers’ index rose to 50.7, indicating a month-on-month increase in activity and well above the 49.3 forecast by a Reuters poll of analysts....
...Data scheduled for release on Tuesday is expected to show US consumer prices rose 3.1 per cent in November, down from 3.2 per cent the previous month....
...Asian equities rose on Wednesday morning after US Big Tech stocks outperformed their peers on a mixed day in trading....
...The Hang Seng Mainland Properties index, which tracks mainland Chinese developers listed in Hong Kong, rose 4.9 per cent....
...Bitcoin rose 5.4 per cent over the past 24 hours to $41,543.59, according to CoinGecko....
...Brent crude, the international benchmark, added 1.6 per cent to trade at $75.20 a barrel, while US marker West Texas Intermediate rose 1.4 per cent to $70.33....
...Markets: Japanese stocks rose and futures in Hong Kong pointed higher on Thursday morning....
...International benchmark Brent crude added 0.2 per cent to trade at $74.49 per barrel, while US equivalent West Texas Intermediate rose 0.5 per cent to $69.69....
...Gold rose as much as 3.1 per cent to a high of $2,135.39 a troy ounce, according to Bloomberg data. The yen and the renminbi each strengthened 0.1 per cent to trade at ¥146.61 and Rmb7.1318 a dollar....
...Hong Kong’s Hang Seng index gained 2.8 per cent, China’s CSi 300 added 0.7 per cent and Japan’s Topix rose 1 per cent....
...Spot prices rose as much as 0.6 per cent to $2,013.10 a troy ounce during Asian trading, the highest level since mid-May....
...Market economists expect Tuesday’s data to show that US consumer prices rose 3.3 per cent year on year in October, down from 3.7 per cent in September....
...Sunac China gained 21 per cent, while China Vanke rose 4.1 per cent and Longfor Group added 7.5 per cent. Country Garden and China Overseas Land rose 7.3 per cent and 4.7 per cent, respectively....
...The world’s largest cryptocurrency by market cap rose 1.5 per cent over the past 24 hours to trade at about $40,109.85 after first breaching the $40,000 mark shortly after 6am....
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