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NEW YORK: Global stock markets hit record highs on Thursday while the dollar and U.S. Treasury yields edged higher, building on recent strength, as the debate continued over when the Federal Reserve will start to ease stimulus.
HONG KONG: Asian shares retreated on Thursday as worries about Chinese regulatory changes and the spread of the Delta variant of the coronavirus weighed on sentiment despite tame U.S. inflation easing fears the Federal Reserve would rush to reduce support.
SHANGHAI (Reuters) - China's Tencent Holdings Ltd said on Tuesday it would further curb minors' access to its flagship video game, hours after its shares were battered by a state media article that described online games as "spiritual opium".
HONG KONG: China’s securities regulator has held a meeting with executives of top global investment banks with an aim to calm financial markets nerves, sources told Reuters.
SHANGHAI: Chinese A-shares and Hong Kong's benchmark index extended heavy losses to hit multi-month closing lows on Tuesday, as investors worried over the impact of tighter government regulations, while a surge in COVID-19 cases dealt a further blow to sentiment.
SHANGHAI: Chinese shares fell sharply to their lowest levels this year on Monday as investor worries over the impact of government regulations kneecapped the education and property sectors, after Beijing barred for-profit tutoring in core school subjects.
HONG KONG (Reuters): China is poised to unveil a much tougher than anticipated crackdown on the country's US$120 billion private tutoring industry, four sources told Reuters, including trial bans on vacation tutoring and restrictions on advertising.