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Hong Kong rout threatens $15bn derivatives held by Koreans

The latest tumble in Hong Kong stocks puts at risk of losses the around $15 billion of complicated structured products linked to that market that have mostly been sold to retail investors in South Korea. As of September, $14.8 billion of equities-linked securities products, or ELS, tied to Hang Seng China Enterprises Index had yet to mature, according to the ...

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Technology giants weigh on US futures; Treasuries gain

US equity futures fall as megacap technology shares slumped in pre-market trading, marring a three-day rally on Wall Street and raising new doubts over whether this year’s $5.5 trillion selloff is nearing a bottom. Contracts on the Nasdaq 100 fell more than 1% after disappointing quarterly updates from Microsoft Corp., Google parent Alphabet Inc. and Texas Instruments Inc. S&P 500 ...

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UAE, UK discuss ways to bolster bilateral ties

Abu Dhabi / WAM  HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, discussed during a phone call with James Cleverly, UK’s Secretary of State for Foreign, Commonwealth and Development Affairs, the friendship relations, bilateral relations and ways to enhance them for the mutual interest of both friendly countries. The two sides reviewed the latest ...

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