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Hong Kong’s $600 billion stock rally hinges on China support

Bloomberg Hong Kong’s stock rally is so dependent on mainland capital that the mere suggestion the record inflows will slow has the potential to stir panic in the city’s $7.1 trillion market. Such was the case, when the People’s Bank of China (PBOC) withdrew incremental liquidity and an adviser warned obliquely of asset bubbles. The result was the biggest drop ...

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Indian stocks face budget hurdle with history as guide

Bloomberg If history is a guide, the recent rough ride for Indian stocks will continue after Monday’s budget. The S&P BSE Sensex index has climbed in the month after budget day on only two of the past seven years since Prime Minister Narendra Modi came to power, while falling or staying rangebound on other occasions. Risks are compounded in 2021 ...

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BofA’s Merrill raises margin to 100% to trade certain stocks

Bloomberg Bank of America Corp. (BofA) increased margin requirements to 100% for wealth-management and self-directed brokerage clients to trade certain stocks, as firms impose limits amid wild price swings sparked by investors on social media. The margin requirements apply to Merrill Lynch wealth-management clients and individual traders using the Merrill Edge platform, according to Bank of America. Margins for stock ...

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