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Technology stocks decline in Hong Kong, Asia markets

SINGAPORE – Hong Kong’s Hang Seng Index fell nearly 2% on Friday as technology stocks came under pressure. The benchmark index fell 2.3%, while the Hang Seng Tech index was down 4.25%. Heavyweights Alibaba and Mituan Hang Seng fell 5.8% and 5.21%, respectively. Alibaba is on track for its third consecutive session of losses after …

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Asia Pacific markets mostly higher after the Fed raised interest rates

The immediate priority is to control inflation. Mainland China markets rose. The Shanghai Composite rose 0.23% to 3,283.14 while the Shenzhen Component rose 0.23% to 12,428.72. Japan’s Nikkei 225 rose 0.36% to 27815.48, while Topix rose 0.16% to 1948.85. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8%. Fed Rise The rate hike takes …

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Market jump after Fed lifted ‘trap’, Morgan Stanley warns investors

Morgan Stanley is urging investors to resist putting their money in stocks despite the market jump after the Fed’s decision. Mike Wilson, the company’s chief equity strategist and the company’s chief investment officer, said he thinks Wall Street’s excitement over the idea that rate hikes may slow sooner than expected is premature and problematic. “The …

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Real estate stocks decline in Hong Kong, inflation rises in Australia

SINGAPORE – Hong Kong real estate stocks fell as Asia-Pacific markets were mixed on Wednesday. Inflation is rising in Australia and investors are looking forward to the Federal Reserve’s policy decision. Country Garden Real Estate Co fell 15.05 percent after it said it would raise 2.8 billion Hong Kong dollars ($360 million) by selling 870 …

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