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China gains cushion Asian shares after Apple jolt; flash crash hits currencies

SHANGHAI: U.S. stock futures fell on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth, but a move by China's central bank to help struggling smaller firms lifted shares there, cushioning losses for Asian markets.

MSCI's broadest gauge of Asia-Pacific shares outside Japan dipped in early trade but later steadied as Chinese shares climbed. Japanese markets were closed for holidays but Nikkei futures dropped 1.8 percent.  China's blue-chip CSI300 index was 0.8 percent higher, and Hong Kong's Hang Seng gained 0.4 percent after a bruising Wednesday session.

China oil stocks slide amid state derivative trading probe

HONG KONG: China’s oil stocks slumped in Hong Kong as regulators were said to be checking on the financial status of derivative trading accounts at some major companies following losses at a unit of oil giant Sinopec.

Asia's mega rich take a hit with US$137b in losses in 2018

HONG KONG: The world’s fastest growing source of mega-wealth hit a speed bump this year.

Wanda Group’s Wang Jianlin, whose property conglomerate is selling assets to cut debt,   lost $10.8 billion, the most of anyone in Asia.

China's Xi pledges 'unswerving' reforms, but on own terms

BEIJING (Reuters) - Chinese President Xi Jinping called on Tuesday for the unswerving implementation of reforms on Beijing's terms, saying no one could boss it around, but offered no new measures in a speech marking 40 years of market liberalisation.

Hong Kong tycoon Walter Kwok's sons inherit US$3b stake in developer

HONG KONG: Two sons of the late Hong Kong billionaire Walter Kwok have between them inherited a $3.1 billion stake in developer Sun Hung Kai Properties Ltd.

FILE: Walter Kwok, chairman and chief executive officer of Sun Hung Kai Properties Ltd., speaks during a news conference in Hong Kong, China, on Wednesday, March 7, 2007. Kwok died on Oct. 20, 2018 morning at the age of 68, according to a statement from his family. - Bloomberg

HK property billionaire Walter Kwok dies, family says

HONG KONG: Walter Kwok, the former chairman of Hong Kong real-estate developer Sun Hung Kai Properties Ltd, died on Saturday morning at the age of 68, according to a statement from his family.

Kwok(pic) suffered a heart attack on Aug 27 and had been transferred to Hong Kong’s Adventist Hospital, according to local media reports.

Free holidays, rail passes as Hong Kong developers push sales

HONG KONG: Developers in Hong Kong are offering perks such as free rail tickets and early move-in dates in a further sign one of the world’s hottest property markets may finally be cooling.

Kwok family co-develops Ballymore studio flats in London beginning at US$500,000, while buyers in Hong Kong have to pay more for less

The second phase of sales at Goodluck Hope project in London’s east side, with prices starting at £395,000 for the smallest unit, will launch on Friday

Tycoon Li bets big on property market

HONG KONG: Tycoon Victor Li made his first land purchase in Hong Kong since taking the reins of CK Asset Holdings Ltd from his billionaire father Li Ka-shing, splashing out on a development site above a subway station.

HK private home prices rise at fastest pace in a year

HONG KONG: Hong Kong’s record-breaking private home prices rose at their fastest pace in a year in April, the latest government data showed, as the city’s scorching hot housing market shows no sign of cooling down.