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China tech selloff deepens as Tencent sale spooks traders

  Bloomberg China’s tech stocks fall once again on Wednesday as firms backed by Tencent Holdings Ltd. came under pressure after it pared investment in the cohort for a second time in two weeks. The Hang Seng Tech Index fell 4.6% — the most since July — in a third straight day of declines, with overnight weakness in US peers ...

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Buffett’s Berkshire Hathaway plans return to yen bond market

  Bloomberg Warren Buffett’s Berkshire Hathaway Inc is planning a potential return to the yen bond market, just as a drop in the Japanese currency versus the greenback makes investments in nation’s companies more attractive. The US company has mandated banks for a potential benchmark yen-denominated bond offering. The deal may come in the near future, subject to market conditions. ...

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Citi’s Chronert bolsters S&P 500 year-end target

  Bloomberg Citigroup Inc strategist Scott Chronert gave up on what had appeared to be a too conservative market view after US stocks rounded out a third year of monster gains. Chronert increased his year-end target for the S&P 500 to 5,100 from 4,900, citing an earnings expansion that could last for at least two more years. While keeping his ...

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