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After $690bn slump, traders see value in Asia tech stocks

Bloomberg Asian tech shares haven’t been immune from the global selloff in speculative assets, but investors are sifting through the ashes and some see buying opportunities. JPMorgan Asset Management is suggesting that investors buy the dip as combined losses in the region’s technology and consumer discretionary sectors hit about $690 billion from their first-quarter peaks. Pictet Asset Management says Asia’s ...

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Stock market’s million little dramas come down to a supply glut

Bloomberg Angst has been the stock market story of late. It soars, it plunges, and all the while investors fret over sky high valuations and pour over data to figure out when inflation will bring the house of cards crashing down. But sometimes, like now, the problem is far simpler than that: too much supply and not enough demand. Companies ...

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Covid-19: ERC, Tamouh join forces to provide vaccines to many nations

Abu Dhabi / WAM The Emirates Red Crescent (ERC) and the Tamouh Healthcare Company, have launched a joint initiative to provide Covid-19 vaccines to countries facing challenges in limiting the spread of the pandemic on their lands, in support of the UAE’s efforts to address the repercussions of the virus globally. The two sides, at the ERC’s headquarters in Abu ...

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