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India reclaims its spot as world’s fifth largest stock market

BLOOMBERG India has reclaimed its spot as the world’s fifth largest stock market after losing that status to France in January, as foreign investors snap up the Asian nation’s shares. India’s market capitalisation stood at $3.3 trillion, helped also by a rebound in Adani Group’s stocks after a short seller report earlier in the year sparked a heavy selloff. Meanwhile, ...

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Bear market looms for Chinese equities as investors lose faith

BLOOMBERG A gauge of Chinese shares traded in Hong Kong inched closer to a bear market as a wobbling economic recovery, intensifying geopolitical tensions and a weaker yuan kept investors away. The Hang Seng China Enterprises Index (HSCEI) slumped 1.3% on Monday, taking its losses from a January 27 peak to a whisker away from reaching 20%. Meituan was the ...

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UAE leaders congratulate President of Türkiye on re-election

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to Recep Tayyip Erdoğan on his re-election as President of the Republic of Türkiye. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy ...

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