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Wall Street's tech love affair might end in tears

SAN FRANCISCO: Outsized returns delivered by, Netflix and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors' reliance on them exacerbates the risk of a steep downturn.

Amazon's 35 percent surge in 2018 has pushed its market capitalization up to $770 billion, equivalent to 3 percent of the S&P 500 and close behind Apple's nearly 4 percent share of the index.

Li Ka-shing retires, ending career of one of Asia’s top tycoons

HONG KONG: Li Ka-shing, a wartime refugee who used to sweep factory floors in Hong Kong for a living, retired after a career spanning more than half a century amassing one of Asia’s biggest fortunes from building skyscrapers to selling soap bars.

Toys ‘R’ Us may shut down hundreds of stores

NEW YORK: Toys “R” Us Inc, the ultimate toyland for baby boomers and their kids, is going out of business after a failed rescue effort, unable to recover from intense competition and crushing debts.

Stiff competition: A woman visits Toys “R” Us store at Times Square in New York. The retailer suffered as giant discount stores such as Walmart Inc sold the most popular toys at steep markdowns to lure shoppers into the aisles. — Reuters

Robust capital market; fundraising seen at RM120bil

KUALA LUMPUR: Fundraising through Malaysia’s capital market is expected to remain robust this year, although the number is unlikely to outpace the exceptionally strong performance of 2017.

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