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Hong Kong protests spook owners of co-working space operator The Executive Centre, who drop planned US$750 million sale

The boss of shared office-space operator The Executive Centre (TEC) said the decision to place on hold a planned sale of its shares for US$750-million was “sensible” given the uncertainty gripping Hong Kong amid unprecedented social unrest.“Placing a pause on the shareholder sales process is a sensible reaction to the unknown unknowns of the current political and social issues being played out in Hong Kong,” said Paul Salnikow, chairman and chief executive of the Hong Kong-based company.The… Source link

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Singapore 

More eerie tales from Singapore film sets to spook yourself this Hungry Ghost Festival , Lifestyle, Singapore News

THE LITTLE BOY WHO WHO FOLLOWED HIM HOME Almost a decade ago on the set of a film shot for a university assignment, crew members reported disturbances apparently coming from a little boy. Multiple people heard giggles and spotted shadows but brushed off the incidents as the work of a mischievous spirit since no harm actually befell anyone during the filming. On the last day, however, when the students were packing up and loading furniture on a truck, one of them spotted a little boy standing in one corner and…

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Trade war uncertainties, probe in US spotlighting Chinese banks spook investors, sending China and Hong Kong stocks tumbling

Trade war uncertainty and news of a US sanctions probe spotlighting three Chinese banks sent shares on the mainland and in Hong Kong tumbling, with gold-linked stocks rising in a rare exception as investors continued to duck into the safe haven.The Shanghai Composite Index ended down on Tuesday 0.87 per cent, to 2,982.07, ending a six-day winning streak.The Shenzhen Composite Index also closed with losses, down about 1 per cent, to 1,560.46, in its second day of losses. The CSI 300 of large cap… Source link

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Stock market volatility may spook some investors, but it is no prelude to a crash

It has been a turbulent year for financial markets. But October has proved a particularly volatile month. In the space of eight trading sessions, the benchmark S&P 500 equity index experienced a daily move of 1 per cent or more five times. Last Tuesday, the gauge surged 2.2 per cent – its biggest gain since March – only to lose 1.4 per cent on Thursday. The day-to-day swings stem from a confluence of global risks that are weighing on sentiment, causing the S&P 500 to suffer its worst October start…

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