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FTSE 100 Closes Down 1.75% as US Debt Ceiling, UK Inflation Jitters

The FTSE 100 closed down 1.75% to 7627 points amid a broader sell-off across global markets while domestic inflation data came in ahead of expectations, indicating further monetary tightening ahead, Interactive Investor head of investment Victoria Scho. | May. 24 ....

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UK Inflation Data Means Higher Rates, Recession More Likely

UK Inflation Data Means Higher Rates, Recession More Likely
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China's loss is Japan's gain as investors funnel funds to Asia's other stock markets amid the sluggish mainland recovery

Asian stock markets such as Japan are now the hottest bet as investors turn away from China’s sluggish recovery and chase equity opportunities elsewhere in the region, according to strategists. ....

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Hong Kong stocks struggle for direction after China's inflation data points to sluggish post-Covid recovery

Chinese consumer prices rose by 0.1 per cent year on year in April, the least in more than two years, showing post-Covid recovery remains sluggish. ....

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Hong Kong and mainland Chinese authorities plan GBA Wealth Management Connect scheme overhaul, allowing Chinese investors access to global equities

Authorities in the Greater Bay Area are discussing an expanded Wealth Management Connect scheme that will allow investors to buy global equity products as well as increase their individual quotas, the HKMA chief says. ....

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