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Hong Kong is off to a good start. Mainland China’s squares closed for Labor Day
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The Tokyo Stock Exchange begins the session with a negative sign, after the mixed closing of the US stock indices, weighed down by the new appreciation of the yen. At the opening, the Nikkei showed a decline of 0.60% to 38,043.64, and a decline of 230 points. The probability of a second intervention by the monetary authorities, operators comment, pushes the yen to appreciate to 155.80 at the exchange rate against the dollar, and to a value just below 167 against the euro.
Mainland China’s stock markets are closed for the rest of the week for Labor Day and the rally in Hong Kong stocks shows no signs of abating. The risk-sensitive Hang Seng Tech Index jumped more than 4% on Thursday. The broader benchmark index rose more than 2%, putting it on track to enter a technical bull market as casino developers and operators advance.
South Korean financial authorities have notified Credit Suisse that it could face fines of 50 billion won ($36.32 million) over allegations it violated short-selling rules, South Korean newspaper Chosun reports. Ilbo, citing industry sources.
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