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China Evergrande Group delisted from Hong Kong stock exchange
China Evergrande Group delisted from Hong Kong stock exchange
Economy
by  AFP

Shares in heavily indebted China Evergrande Group were taken off the Hong Kong Stock Exchange on Monday, capping a grim reversal of fortune for the once-booming property developer. The statement added that China Evergrande Group was a holding company and that liquidators had assumed control of more than 100 companies within the group.

Asian markets rise on US rate cut hopes
Asian markets rise on US rate cut hopes
Economy
by  AFP

Asian markets kicked off the week with a rally Monday morning, tracking gains made by Wall Street on Friday after the US central bank chief suggested coming interest rate cuts. During the first trading sessions in major Asian markets following the comments, stocks made notable gains.