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Daily archives: March 23, 2023

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  • Daily archives: March 23, 2023
  • Chinese Tech Stocks Rise, Tencent Surges On Strong FY Results

    Chinese Tech Stocks Rise, Tencent Surges On Strong FY Results0

    Major Chinese technology stocks rose on Thursday, with shares of Tencent up sharply after the internet giant logged stronger-than-expected annual earnings, while less hawkish signals from the Federal Reserve also aided sentiment. Tencent Holdings Ltd (HK:0700) rose over 6% to HK$368.40 a share, and was set for its best day since early-March, as easing COVID

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  • Asia FX Surges, Dollar Sinks on Fed’s ‘Dovish Hike’

    Asia FX Surges, Dollar Sinks on Fed’s ‘Dovish Hike’0

    Most Asian currencies rose sharply on Thursday, while the dollar fell to a seven-week low after the Federal Reserve raised interest rates but hinted at a potential pause in its tightening cycle, although rates are likely to remain higher for longer. China’s yuan surged 0.7%, while the South Korean won was the best performer for

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