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Hong Kong home prices plunge 25% from peak: Natixis

  Bloomberg The slump in Hong Kong’s home prices will deepen next year due to the combination of rising borrowing costs, a recession and an exodus of residents, according to Natixis SA. Residential prices are expected to fall 12% in 2023 and 2% the following year, taking the drop from the peak in late 2021 to 25%, Natixis analysts led ...

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China’s wind turbines to get even cheaper over price war

  Bloomberg China’s wind turbines will get even cheaper next year, supporting exports as products from western competitors become more expensive, according to one of the country’s leading manufacturers. Export prices will drop by 15% to 20% per kilowatt of capacity in 2023, according to Zhejiang Windey Co, one of China’s top four turbine makers, as newer units become more ...

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Japan’s labour market remains tight

  Bloomberg Japan’s availability of jobs increased for the 10th month in October, pointing to further tightness in the labour market that will likely keep upward pressure on wages. The job-to-applicants ratio climbed to 1.35 last month, meaning there were 135 jobs offered for every 100 applicants, the labour ministry reported. It was a slight rise from 134 positions a ...

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