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SK Hynix Aims to Raise about 1B in Dollar Deal Sources

Jan 3 Reuters South Korea39;s SK Hynix, the world39;s secondbiggest memory chipmaker, aims to raise about 1 billion in a dollar bond deal, according to three sources with direct knowledge of the matter. SK Hynix said in a statement the issue amount will be determined at a later date according to market conditions. The firm […]
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Hyundai Motor, Kia Expect Auto Sales to Rise 2 in 2024

SEOUL, Jan 3 Reuters South Korea39;s Hyundai Motor Co and affiliate Kia Corp forecast on Wednesday that their combined global sales will rise about 2 in 2024, even as last year39;s sales fell short of target. The duo sold 7.3 million vehicles in 2023, about 3 less than their combined target of 7.52 million, largely due to […]
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USD Builds on Previous Days Gains, Focus Turns to U.S. Data

LONDONSINGAPORE, Jan 3 Reuters The U.S. dollar rose again on Wednesday after jumping the previous day, underpinned by elevated U.S. Treasury yields and a cautious turn that weighed on Wall Street. Trading was relatively subdued, with Japanese markets shut for a holiday and investors waiting for important U.S. economic releases later in the day, including minutes […]
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Chinas Gaming Stocks Climb on Report Regulatory Official Removed

SHANGHAI, Jan 3 Reuters Chinese gaming stocks rose on Wednesday to outperform a weak broader market, after Reuters reported China removed a gaming regulatory official. China39;s CSI Anime Comic Game Index gained as much as 3.1 in early trading, against a 0.3 drop in the broad market. China removed Feng Shixin from a government body overseeing its press […]
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IT Drags Indian Shares Lower amid Global Slide

BENGALURU, Jan 3 Reuters India39;s main indexes declined on Wednesday, dragged by information technology stocks, as global markets slid amid fading optimism about early U.S. interest rate cuts, ahead of the release of the Federal Reserve minutes and jobs data. The bluechip NSE Nifty 50 index fell 0.41 to 21,577.60 points, while the SP BSE Sensex shed […]
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China Money Managers Rush to Create Funds Tracking A50 Index

SHANGHAI, Jan 3 Reuters Chinese money managers are rushing to create funds tracking the newlylaunched CSI A50 Index, which analysts say is a better reflection of China39;s economic landscape and government priorities than the country39;s stock benchmarks. China39;s benchmark bluechip CSI300 Index slumped 11 in 2023 as the world39;s secondworst performer after Hong Kong39;s Hang Seng […]
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