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Bursa to expand short-selling of ETFs by Jan 2

KUALA LUMPUR: Bursa Malaysia Bhd is expanding the exchange-traded fund (ETF) framework which will allow permitted short-selling (PSS) of of new types of ETFs from the current equity-based ETFs now.

Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said the innovative ETF products would be good for the ETF market and should lead to a more vibrant ETF ecosystem.

China's WuXi AppTec raises US$1b in HK listing

HONG KONG: Chinese medical tech platform WuXi AppTec raised $1.01 billion in its Hong Kong listing, sources told Reuters on Friday, making it one of this year's last big deals in the Asian financial hub to end on a positive note.

Chinese medical tech platform WuXi AppTec raised $1.01 billion in its Hong Kong listing. - Bloomberg pic

AmBank up on KLCI inclusion, KLCC falls on exit

KUALA LUMPUR: AmBank rose on Friday on news about its inclusion into the 30-stock FBM KLCI on Dec 24 but KLCC Prop & REITS – Stapled Securities fell on its impending exit.

Asia shares struggle to rally, oil skids further

SYDNEY: Asian shares fought to sustain the slimmest of recoveries on Friday amid speculation the Federal Reserve might be "one-and-done" with U.S. rate hikes, while oil fell anew as producers bickered over the details of an output cut.

MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.4 percent, though that followed a 1.8 percent drubbing on Thursday.  Japan's Nikkei added 0.2 percent and Chinese blue chips 0.3 percent. E-Mini futures for the S&P 500 started firmer but were last down 0.1 percent.