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☆ Mobius: China represents 30% of the Emerging Market Index."
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMobius: China represents 30% of the Emerging Market Index." Mark Mobius, Chairman at Mobius Emerging Opportunities Fund, sees potential for continued growth in the Chinese market, which is a major component of the Emerging Market Index. This growth is expected to draw in more investments.

Persons: Mark Mobius Organizations: Mobius, Fund Locations: China

☆ 'No challenges can stop China's progress' Xi Jinping says in 75th anniversary speech
▼ + stars: | 2024-09-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

China's President Xi Jinping speaks during an awards ceremony at the Great Hall of the People in Beijing on Sept. 29, 2024, ahead of China's National Day. BEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing's reunification aims with Taiwan. "The path ahead will definitely see challenges," Xi said, before calling on the country to overcome uncertainties and risks. "No challenges can stop China's progress." The comments were translated by CNBC from a Chinese state media broadcast.

Persons: Xi Jinping, Xi Organizations: of, People, CNBC Locations: Beijing, BEIJING, Taiwan, People's Republic of China

☆ GE Healthcare has been an under-the-radar winner — and a new catalyst just arrived
▼ + stars: | 2024-09-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Wall Street currently sees GE Healthcare earning $6.72 per share in 2028, according to FactSet, up from $4.25 projected this year. GE Healthcare has been a stock we've been battling since its steep slide during the second quarter. That dynamic — coupled with the positive China stimulus announcements in recent days — turned GE Healthcare into one of our top-performing stocks in the third quarter . A PET scan using Flyrcado has better diagnostic efficacy than SPECT scans, according to GE Healthcare. GE Healthcare may also see a recovery in its China business due to the roll out of medical-focused stimulus spending .

Persons: Wells, Flyrcado —, Wells Fargo, Flyrcado, FactSet, Jim Cramer, —, Jim, Leqembi, Eli Lilly, Stifel, Jim Cramer's, Yi Haifei Organizations: GE Healthcare, GE, Food and Drug Administration, Wall, FDA, Federal, Club, CDC, Management, CNBC, Fair for Trade, Services, China National Convention Center, China News Service, Getty Locations: China, U.S, Beijing

☆ Oil prices rise on Middle East supply risks as Israel steps up attacks
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +2 min

An oil platform in the Red Sea in Ras Behar region, Egypt on January 29, 2023. Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces. Brent crude futures for November delivery increased 16 cents, or 0.22%, to $72.14 a barrel as of 0043 GMT. That contract expires on Monday and the more-active contract for December delivery gained 10 cents, or 0.14%, to $71.64. "The recent escalation of attacks in the Middle East is increasing the likelihood of Iran being directly dragged into the conflict, putting a significant risk around supply disruptions at the OPEC producer," ANZ Research said in a note.

Persons: Brent, WTI, Israel, Iran's, Sayyed Hassan Nasrallah, Lloyd Austin, Jerome Powell Organizations: . West Texas, Organization of, Petroleum, Hezbollah, ANZ Research, Lebanon . U.S . Defense Locations: Red, Ras Behar, Egypt, Israel, China, Iran, OPEC, Yemen, Lebanon . U.S, Washington, Libya

☆ China ETFs were big winners in September. History says to be cautious from here
▼ + stars: | 2024-09-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

As a result of that excitement, China ETFs are dominating the list of top performing funds in September, according to FactSet. The iShares MSCI China ETF (MCHI) was up about 22% on the month, while the KraneSharesCSI China Internet ETF (KWEB) was up more than 32%. Other top performers include the Global X MSCI China Consumer Discretionary ETF (CHIQ) and the Invesco Golden Dragon China ETF (PGJ) , with September gains of roughly 32% and 30%, respectively. The MSCI China Index's total annualized return during that period is under 1%. The average here is a gain of +78% over 176 trading days vs. a decline of -42% over 165 trading days," the note continued.

Persons: Todd Sohn, David Tepper, there's Organizations: People's Bank of, CSI, China Internet, Dragon China Locations: People's Bank of China, China, U.S

☆ Stellantis shares plunge as carmaker follows Volkswagen in profit warning
▼ + stars: | 2024-09-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

Stellantis said it would reduce inventory levels in the United States and ship 200,000 fewer vehicles to North American dealers in the second half of 2024 than in the same period last year. Volkswagen said earlier this month that around 2 million fewer cars are being sold in Europe per year compared with pre-pandemic levels. Volkswagen itself is selling 500,000 fewer cars annually in the region, the equivalent of around two car plants. “To remain competitively viable, we have to comprehensively restructure Volkswagen… because the situation is serious,” the company said last week. “Volkswagen has to increase efficiency and reduce costs.”For Stellantis, Monday’s profit warning is the latest piece of bad news.

Persons: American carmaker, Ram Trucks, Stellantis, Volkswagen’s, Aston Martin Lagonda Organizations: London CNN —, Chrysler, Milan, Citroen, Peugeot, North, Volkswagen, Aston, IG Metall, United Auto Workers Locations: American, North America, United States, North American, China, London, Europe, Detroit

☆ China market investors adopting 'Buy First Think Later' approach: Wealth manager
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina market investors adopting 'Buy First Think Later' approach: Wealth managerMagellan Capital's Britney Lam explains why she remains bullish on the Chinese market, and where she's still hoping to see more gains come through.

Persons: Magellan, Britney Lam, she's Organizations: China

☆ 5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco
▼ + stars: | 2024-09-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. AdvertisementFive titans of French fashion and beauty added a full $50 billion to their fortunes last week, boosting their combined wealth to more than $420 billion. Julien Hekimian/Getty ImagesKering founder François Pinault's net worth rose by $2.3 billion to $25.6 billion last week, placing him 78th on the list. Arnault was worth $24 billion more at $231 billion in March, which made him the world's wealthiest person at the time. Bettencourt Meyers was $7.5 billion richer at $101 billion in June, while the Chanel siblings were each worth about $6.4 billion more at roughly $55 billion around the same time.

Persons: LVMH's Arnault, Chanel, —, stoked, Bernard Arnault, Louis Vuitton, Larry Ellison, Mark Zuckerberg, Françoise Bettencourt Meyers, L'Oréal's, Alice Walton, Francois Guillot, Alain, Gerard Wertheimer, Coco Chanel, Chanel's cofounders, Julien Hekimian, François, Balenciaga, Yves Saint Laurent, Kering, Francois, Henri Pinault, Salma Hayek, MICHAEL TRAN, Rodolphe Saadé, Arnault, haven't, Pinault, Bettencourt Meyers Organizations: Service, Tiffany, Bloomberg, Walmart, Getty, Gucci, CMA CGM, Procter & Gamble, Home, Costco Locations: China, Sephora, AFP

☆ China's $114 billion stimulus package immediately boosted its stock market. But can it last?
▼ + stars: | 2024-09-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

AdvertisementUS financial firms' interest in China was on its last legs, but a new stimulus package has some investors excited again. The immediate impact of China's $114 billion package, which includes cutting interest rates and reducing the amount of money banks need to keep in reserve, has been big. Traders, investors, and speculators have sent China's stock market to its best month in nearly a decade , signaling that the market players think that Beijing's moves are a "bazooka." Our annual list of Wall Street rising stars is here. According to a new report from The Wall Street Journal, executives attempted to woo the AI researcher back before rescinding the offer.

Persons: —, Andres Martinez Casares, Alyssa Powell, Linette Lopez isn't, Linette, Jon Hicks, that's, David Tepper, He's, Tepper, Pan Gongsheng, BI's Filip De Mott, Wall, Natalie Ammari, Crypto, Donald Trump, Kamala Harris, Marc Piasecki, Tyler Le, who's, OpenAI execs, Ilya Sutskever, it's, Tara Anand, aren't, Jerome Powell, Ryan Routh, El Chapo, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Traders, Bank of China, bros, Trump, Getty, Houston Chronicle, Hearst Newspapers, Elon, Wall Street Journal, Netflix, Longshoremen's Association, National Association for Business Locations: China, New York, London, Chicago

☆ Expect China markets to further rally, but more fiscal policies needed
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect China markets to further rally, but fiscal policy needed to sustain themNick Samouilhan of Wellington Management discusses his outlook on the Chinese equity markets and says that with the good global growth picture, investors should have positive views on many asset classes but hold them "very lightly".

Persons: Nick Samouilhan Organizations: Wellington Management

☆ China property stocks rally after major cities ease homebuying restrictions
▼ + stars: | 2024-09-30 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

Noel Celis | Afp | Getty ImagesShares of Chinese property developers rallied on Monday after major cities in mainland China unveiled easing measures to boost homebuyer sentiment, following the central bank's blitz of policy stimulus. The Guangzhou city government said in a notice on Sunday that all restrictions on home purchases would be removed, effective from Monday. China Overseas Land & Investment and China Vanke climbed 5.06% and 12.89%. Mainland China's CSI 300 surged 6% Monday, after the index logged its best week in almost 16 years on Friday. The easing measures follow the central government's call last week to combat the property slump last week.

Persons: Noel Celis, China Vanke, Allen Feng, Gary Ng, Ng, Xi Jinping Organizations: HK, Afp, Getty, Mainland Properties, Longfor Group Holdings, Hang Lung, China Resources, ., . China Overseas Land & Investment, China's CSI, CSI, People's Bank of Locations: Guangzhou, China's, Guangdong, China, Shanghai, Hong Kong, . China, —, Beijing, People's Bank of China

☆ Forget Nvidia: Here's how one CIO is positioning after the rate cut
▼ + stars: | 2024-09-30 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The U.S. Federal Reserve's bumper 50-basis-point interest rate cut has been the talk of the market as investors evaluate sectors and stocks. Kingsley Jones, a chief investment officer at the Sydney-headquartered Jevons Global, says the rate cut has "supported the market." Avoid semiconductor equipment Jones is avoiding sectors like semiconductor equipment that companies have been spending more on, following interest in building AI infrastructure and chip factories. He warned of the impact that U.S. sanctions might have on semiconductor equipment plays. "So, I'd avoid the semi equipment sector trade out of that," he added.

Persons: Kingsley Jones, Jevons, Jones, it's, wasn't Organizations: U.S, Sydney, Tech, Big Tech, Nvidia, AbbVie Inc, Costco, Oracle Locations: Federal, United States, China

☆ Morningstar strategist turns bearish on Big Tech — but reveals a few stocks he still likes
▼ + stars: | 2024-09-30 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Investors have been watching tech stocks keenly in the past year, amid a significant bout of volatility in the sector. Morningstar's top strategist, however, has an underweight on the sector and is staying clear of several Big Tech names. On Oracle, Sekera believes the market is "overestimating the long-term growth for their cloud business." Morningstar has a one star rating on the the stock. 'Hitting on all cylinders' There is one Big Tech stock that Sekera still likes: Microsoft .

Persons: David Sekera, CNBC's, Morningstar, Sekera, — CNBC's Jordan Novet Organizations: Big Tech, U.S . Markets, Tech, Apple, Oracle, IBM, Morningstar, Microsoft, Baidu, Yum Locations: U.S, China, Yum China

☆ Analysis: China is celebrating National Day but with the economic downturn not everyone is in the party spirit
▼ + stars: | 2024-09-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Tourists visit an ancient city gate in Beijing, China ahead of National Day. The stock market may be in the midst of one of its most remarkable turnarounds, but economists say reversing China’s economic downturn will require much more work. “Stimulating the stock market doesn’t really do much for the real economy in China. Very few people invest in the stock market compared to other major markets,” said Logan Wright, director of China markets research at Rhodium Group. Property woesThe outlook for the real estate industry, which makes up about a quarter of the Chinese economy and 70% of household wealth, remains dim.

Persons: Japan’s “, Xi Jinping, Xi, Xu Tianchen, Hong, David Tepper, ”, Logan Wright, Wright, There’s, ” Wright, “, hasn’t, Alfred Wu, Lee Organizations: Hong Kong CNN, Economist Intelligence Unit, Reuters, Shenzhen bourses, Securities Times, Tourists, Management, CNBC, Barclays, Communist Party, Lee Kuan Yew, of Public, National University of Singapore Locations: Hong Kong, China, People’s Republic, United States, Beijing, Shanghai, Shenzhen, Guangzhou, China’s, Xi’s

☆ Stocks making the biggest moves midday: EchoStar, CVS Health, Stellantis and more
▼ + stars: | 2024-09-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Nio — The U.S.-listed shares of the Chinese electric vehicle maker climbed 9.5% after Nio announced a 13.3 billion yuan cash injection for its Nio China business. The transactions are expected to be completed by year-end, and will reduce Nio Inc.'s stake in Nio China to 88.3% from its current 92.1%. CVS Health — Shares jumped 3.3% on news that hedge fund Glenview Capital intends to meet with CVS Health's executives to boost the struggling business. Crypto stocks — Stocks tied to the price of bitcoin retreated with the cryptocurrency following a sizeable rally last week. Cumberland Hospital for Children and Adolescents is an "indirect subsidiary" of Universal Health Services, according to an 8-K filing.

Persons: Nio, Alibaba, Stocks, bitcoin, Coinbase, MicroStrategy, Bitcoin, EchoStar, Piper Sandler, Stephen Scouten, — CNBC's Sean Conlon, Tanaya Macheel, Sarah Min, Jesse Pound, Pia Singh Organizations: Nio Inc, GM, Ford, CVS, —, Glenview Capital, CNBC, DirecTV, Amerant, Moderna, Universal Health Services, Cumberland Hospital for Children Locations: U.S, China, Glenview, Florida

☆ Stocks making the biggest moves premarket: Nio, Stellantis, MicroStrategy and more
▼ + stars: | 2024-09-30 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nio – U.S.-listed shares surged more than 13% after the Chinese electric vehicle maker announced it will receive a cash injection of 13.3 billion yuan for its Nio China. "Strategic investors" will provide 3.3 billion yuan of that injection, with the rest coming from Nio Inc. The transactions, which are expected to be completed by the end of this year, will reduce Nio Inc.'s stake in Nio China to 88.3%, down from 92.1%. This also spurred a broader rally among China stocks, which saw their best day of trading since 2008 . Rocket Lab – Shares rose more than 3%, extending the more than 12% gains seen during Friday's session.

Persons: Nio, Ford, Alibaba, Stocks, bitcoin, Coinbase, MicroStrategy, Bitcoin, —, Lisa Kailai Han, Sarah Min, Tanaya Macheel Organizations: Nio Inc, KeyBanc, CVS, Street Journal, Glenview Capital Locations: Nio –, China, Glenview, East, Gulf Coast

☆ 'Keynes is dead in China' and investors are being overly optimistic: Z-Ben Advisors
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Keynes is dead in China' and investors are being overly optimistic: Z-Ben AdvisorsPeter Alexander of Z-Ben Advisors says he is concerned that if and when fiscal stimulus in China is announced, it will not match the expectations of investors.

Persons: Keynes, Ben, Peter Alexander of Z Organizations: Ben Advisors Locations: China

☆ Biden approved Taiwan's biggest security package yet. China says the military aid won't deter it.
▼ + stars: | 2024-09-30 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

President Joe Biden on Sunday approved $567 million in defense aid for Taiwan. It is the largest aid package that US has ever sent to Taiwan. AdvertisementPresident Joe Biden on Sunday said the US will send Taiwan its largest-ever security package amid rising tensions with China. Spotting Chinese attackThe scale of Chinese military activity around Taiwan is believed to be getting larger, as previously reported by Business Insider. Rather than Biden has repeatedly suggested the US would respond militarily if China declared war on Taiwan.

Persons: Joe Biden, —, Lin Jian, Lin, Xi Jinping, Phil Davidson, Samuel Paparo, Wellington Koo, Rather, Biden, Tom Porter, Jim Hoare, Hoare Organizations: Service, Sunday, Department of Defense, White, Taiwan, Communists, Business, Financial Times, Bloomberg Locations: Taiwan, China, States, British

☆ Japan's Nikkei falls over 4%, Australia stocks hit fresh all-time high as investors await China data
▼ + stars: | 2024-09-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A cycler passes the entrance to the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024. Richard A. Brooks | Afp | Getty ImagesJapan's Nikkei 225 tumbled over 4% Monday, while Australia stocks hit a fresh high ahead of key economic data from China. Stock Chart Icon Stock chart iconSeparately, China will release its official purchasing managers' index numbers for September, with economists polled by Reuters expecting the manufacturing PMI to come in at 49.5, a softer contraction compared to August's 49.1. The Caixin PMI survey, which is a private survey compiled by S&P Global, will also be released Monday. Australia's S&P/ASX 200 climbed 0.62%, breaching its all-time high of 8,246.2.

Persons: Richard A, Brooks, Topix, Australia's, Korea's Kospi Organizations: Tokyo Stock Exchange, Afp, Getty, Reuters, PMI, P Global Locations: Nihonbashi, Tokyo, Australia, China, Japan

☆ Yen steadies, dollar slips as China reaches for stimulus
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +3 min

Japanese 10,000 yen banknotes and U.S. one-hundred dollar banknotes are arranged for a photograph in Tokyo, Japan. The yen slipped about 0.4% to 142.75 per dollar after jumping 1.8% on Friday. European inflation data on Tuesday and Chinese data due later on Monday are also keenly awaited. The New Zealand dollar was up 0.3% at $0.6360 after hitting its highest since December on Friday. "The trend over next year or so is for the dollar to go down," said Commonwealth Bank of Australia strategist Joe Capurso.

Persons: Shigeru Ishiba, Ishiba, Ray Attrill, Joe Capurso Organizations: Liberal Democratic Party, NHK, Bank of Japan, National, New, New Zealand, U.S, U.S . Federal, Commonwealth Bank of Australia Locations: Tokyo, Japan, National Australia, China, U.S .

☆ Chip stocks drop on China reports
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChip stocks drop on China reportsCNBC's Seema Mody joins 'Squawk on the Street' to report on chip stocks taking a dip on headlines out of China.

Persons: CNBC's Seema Mody Locations: China

☆ China’s astronauts are aiming to land on the moon by 2030. They now have a new spacesuit to do it
▼ + stars: | 2024-09-30 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China has taken a step forward in its ambitious plan to land astronauts on the moon by 2030 – unveiling the specially designed spacesuit its crew will don for what’s expected to be a landmark mission in the country’s space program. An image of China's new lunar spacesuit as it appeared in a video shared by state media. The agency revealed a protoype of its Artemis III spacesuit prototype, the AxEMU, in 2023. Thanks to its thin exosphere, the moon is an unforgiving place, exposed to both the sun’s rays and the cold of space. “Unlike low-Earth orbit missions, astronauts will be in a harsh natural lunar environment during lunar extravehicular activities.

Persons: Zhai Zhigang, Wang Yaping, Elon Musk, –, China’s, Artemis, Wu Zhiqiang, Wang Chunhui Organizations: Hong Kong CNN, China Manned Space Agency, SpaceX, Federal Aviation Administration, CNN, FAA, NASA, Xinhua, China National Space Administration, China Astronaut Research, Training Center Locations: Hong Kong, China, America, United States, China’s Dunhuang

Outbound travel from China is set to receive a much-anticipated jolt as "Golden Week" bookings show changes in where and why Chinese people are traveling. While most Golden Week travelers are choosing mid-tier accommodations, growth for five-star hotels in Europe is almost three times higher in Europe than in Asia-Pacific, company data showed. Seeking quiet and concertsAs Chinese tourists continue to move beyond organized sightseeing tours abroad, more are seeking to celebrate Golden Week in off-the-beaten-path locations, especially in Asia and Europe, according to Trip.com's data. In Europe, bookings in Spain rose 260% to the city of Granada and 144% to Seville, according to Trip.com. Hong Kong is expected to welcome as many as 1.2 million mainland Chinese visitors during the coming Golden Week holiday, up 10% from last year, according to the city's Travel Industry Council.

Persons: Trip.com, Oscar Wong, Vietnam —, Ito, John Legend Organizations: National, Alibaba Group, United, United Arab, Goldman Sachs Equity Research, ASEAN, Golden, city's Travel Industry Locations: China, Asia, Pacific, Japan, Hong Kong, South Korea, Australia, Thailand, Malaysia, Singapore, Vietnam, Southeast Asia, United States, Chile, Croatia, Belgium, Hungary, Czech Republic, Finland, Norway, Netherlands, United Arab Emirates, Sri Lanka, New Zealand, United Kingdom, France, Spain, Europe, Trip.com, Cambodia, Laos, Myanmar, Tokyo, Kyoto, Yokohama, Phu, Granada, Seville, Golden, . Hong Kong

☆ These U.S. stocks do the best during periods when China stimulates its economy, according to Trivariate Research
▼ + stars: | 2024-09-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Trivariate Research is laying out some U.S. companies that could win big in China's latest stimulus deal. Last week, China's central bank released a raft of support measures to help stimulate economic growth and boost a struggling real estate market in the second-largest economy in the world. "We see the China stimulus as an incremental positive to risk-taking," wrote Trivariate founder Adam Parker in a note to clients. Trivariate is not the only firm that views commodity stocks as potential beneficiaries, with Morgan Stanley recently naming Freeport in its shopping list for commodity stocks. Gaming stocks could also win big with China's stimulus deal.

Persons: Adam Parker, Parker, Trivariate, Morgan Stanley, Estée Lauder, MicroStrategy Organizations: Capri Holdings Locations: China, Freeport, Sands, Capri

☆ Seoul Halloween crowd crush: South Korea court sentences highest-ranking police officer yet to jail
▼ + stars: | 2024-09-30 | by ( Gawon Bae | Chris Lau | ) edition.cnn.com time to read: +3 min

Seoul CNN —The former head of a local police station in Seoul has been sentenced to three years in jail over a deadly 2022 Halloween crowd crush, making him the highest-ranking law enforcement official to be held criminally liable over the disaster. Seoul Western District Court said Monday it found Lee and two other former Yongsan police officers guilty of neglecting their duties, which resulted in deaths and injuries, despite signs that “the danger of large-scale casualties” was foreseeable. Itaewon, home to some of Seoul’s popular restaurants and bars, had hosted Halloween celebrations for years. Most who died that night were young South Koreans – largely in their teens and early 20s. Last year, the Seoul Metropolitan Government announced a slew of new measures “to ensure a safe Halloween” – including a new CCTV system to monitor crowd numbers.

Persons: Lee Im, Lee, Itaewon, Yoon Suk Yeol Organizations: Seoul CNN, Seoul, South Koreans, South, Seoul Metropolitan Government Locations: Seoul, Yongsan, Itaewon, Asia, Japan, Shibuya, Guangzhou, China

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