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Democratic vice presidential candidate Tim Walz conceded Tuesday night that he “misspoke” in the past when he claimed that he was in Hong Kong during the crackdown in Tiananmen Square in which China’s military attacked and killed pro-democracy demonstrators. The Minnesota governor said that he had been in Hong Kong during the summer of the Tiananmen Square protests, but not in June 1989, when the crackdown took place in and around the square in Beijing, the Chinese capital. The admission comes after news accounts contradicted Walz’s past contention that he was in Hong Kong as the deadly protests unfolded. Walz’s false claim that he was in Hong Kong during an epochal event in world history creates a vulnerability that Republicans will surely look to exploit. Walz first went to China after graduating from college in 1989, stopping first in what was then the British colony of Hong Kong.

Persons: Tim Walz, Sen, JD Vance, Walz, “ I’ve, ” Walz, “, ”, Kamala Harris, Donald Trump can’t, Hong Kong “, Harris, Walz misspoke Organizations: Democratic, Republican, Minnesota Public Radio Locations: Hong Kong, Minnesota, Beijing, China, British, Foshan, Harvard’s, Nebraska

☆ Daniel Day-Lewis ends acting retirement for a movie directed by his son
▼ + stars: | 2024-10-02 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

New York AP —Daniel Day-Lewis is coming out of retirement, seven years after his last movie, for a film directed by his son Ronan Day-Lewis. The project was announced Tuesday by Focus Features and Plan B, which are partnering on “Anemone.” The film, Ronan Day-Lewis’ directorial debut, will star his father along with Sean Bean and Samantha Morton. Earlier Tuesday, Daniel Day-Lewis and Bean were spotted riding a motorbike through Manchester, England, stoking intrigue about his impending return to acting. After making Paul Thomas Anderson’s 2017 film “Phantom Thread,” the 67-year-old had said he was quitting acting. “We could not be more excited to partner with a brilliant visual artist in Ronan Day-Lewis on his first feature film alongside Daniel Day-Lewis as his creative collaborator,” said Peter Kujawski, chair of Focus Features.

Persons: Daniel Day, Lewis, Ronan Day, Lewis ’, Sean Bean, Samantha Morton, Bean, Paul Thomas Anderson’s, ”, Martin Scorsese, ” Ronan, “, Peter Kujawski Organizations: York AP, Focus, Magazine, National Board Locations: Manchester, England, York, New York, Hong Kong

☆ VP debate highlights: The biggest moments from JD Vance's and Tim Walz's first and only faceoff
▼ + stars: | 2024-10-02 | by ( Bryan Metzger | John L. Dorman | ) www.businessinsider.com time to read: +15 min

Tim Walz and JD Vance are debating on Tuesday night for the first and only time. Tim Walz of Minnesota met on Tuesday night for the first and only vice presidential debate. Tuesday night's faceoff represents an opportunity for both Walz and Vance to introduce themselves to their biggest audience yet while reinforcing their respective running mates' campaign messages. AdvertisementWalz then pivoted to attacking Trump, saying that "a nearly 80-year-old Donald Trump talking about crowd sizes is not what we need in this moment." "I think it's important for us, first of all, to say Donald Trump and I support clean air, clean water.

Persons: Tim Walz, JD Vance, Trump, Harris, —, Sen, Joe Biden's, Kamala Harris, Donald Trump, faceoff, Walz, Vance, Israel —, YIKES, TZsI1jPjtK — Curtis Houck, Israel, " Walz, Hurricane Helene, They've, We're, mics, you've, PxZ4nmphNW — Aaron Rupar, who've, Rochester , Minnesota —, I've, IpXc26KOBx, Gus, Tim, We've, we've, Usha, Hillary Clinton, Vladimir Putin, It's, Donald Trump's, Mike Pence Organizations: Service, Ohio, Gov, Trump, Biden, Republicans, Mayo Clinic, CNN, CBS, Buckeye State, Democratic, Facebook Locations: Minnesota, Iranian, Israel, Iran, Gaza, United States, Ohio, Hurricane, Tennessee, North Carolina, Mexico, Springfield, Rochester , Minnesota, China, Hong Kong, Asia

☆ Key lines from the Vance-Walz vice presidential debate
▼ + stars: | 2024-10-02 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +19 min

Here are key lines from the debate, which was hosted by CBS News in New York City on Tuesday. Vance said many of the things Trump says, but he did it with a control that Trump lacks. The only answer is during the four years that Donald Trump was president. We have a historic immigration crisis because Kamala Harris started and said that she wanted to undo all of Donald Trump’s border policies. We could come together and solve this if we didn’t let Donald Trump continue to make it an issue.

Persons: Tim Walz, Sen, JD Vance, Vance, don’t, Vance Vance, Donald Trump, Donald Trump’s, Trump, Walz, Walz Walz, I’m, didn’t, Vance Trump’s, Joe Biden, Kim Jong Un, Chip Somodevilla, I’ve, we’re, Walz Vance, Kamala Harris, Vance Walz, you’ve, You’ve, Kamala Harris ’, Matthew, ‘, Margaret Brennan, Norah O'Donnell, Brendan McDermid, Reuters We’re, We’re, Vance It’s, Robert F, Kennedy Jr, ”, Harris, Biden, Nora, we’ve, Wade, Roe, Amber Thurman, Sandy, Walz misspoke, That’s, Vance Both Walz, You’re, Vance Child, Vance Trump, Walz Trump, It’s, he’ll, he’s Organizations: CNN, Gov, Minnesota, CBS News, Social Security, Trump, NATO, CBS, Center, Reuters, Mayo Clinic, Pharmaceuticals, Sandy Hook Elementary, Minnesota Gov, Affordable, Biden, Democratic Locations: Ohio, New York City, Israel, Iran, American, Afghanistan, Syria, Iraq, America, Mexico, Springfield , Ohio, Springfield, New York, Rochester , Minnesota, Hong Kong, China, Roe, Georgia, Finland

Mount Everest is astoundingly tall at 29,032 feet above sea level, besting its Himalayan neighbors by hundreds of feet. But the world’s tallest peak is still growing, scientists say, thanks in part to the merger of two nearby river systems tens of thousands of years ago. Everest has gained between about 50 and 160 feet as a result of that merger, researchers revealed in a study published Monday in the journal Nature Geoscience. Researchers also say this could explain why Everest is unusually tall, reaching nearly 800 feet higher than its neighbors. “While not entirely revolutionary, these findings are certainly surprising,” Dai said, adding that they could lead to a re-examination of current models of Himalayan formation and evolution.

Persons: Everest, ” Dai Jingen, ”, Dai, ” Dai Organizations: Nature, China University of Geosciences, NBC News Locations: Everest, Beijing, Eurasia

HONG KONG — Three people were killed and 15 others were injured in a knife attack at a supermarket in Shanghai on Monday evening, local police said, in the latest of a series of such stabbings in China. A 37-year-old suspect, surnamed Lin, was apprehended at the scene in Shanghai’s Songjiang district shortly after the attack. Lin went to Shanghai and carried out the attack “to vent his anger due to personal economic disputes,” police said. In June, a knife attack at a public park in the northeastern Chinese city of Jilin injured four U.S. university instructors, none of them critically. In 2022, a man stabbed 15 people in a hospital in Shanghai, severely wounding four minors.

Persons: Lin Organizations: Shanghai Public Security Bureau Locations: HONG KONG, Shanghai, China, Shanghai’s Songjiang, People’s Republic of China, Shenzhen, Suzhou, Jilin

☆ Walz’s claim that he was in China during Tiananmen Square protests undercut by unearthed newspaper reports
▼ + stars: | 2024-10-01 | by ( Aaron Pellish | ) edition.cnn.com time to read: +6 min

Walz had previously said he visited Hong Kong in “May of ’89,” weeks before the Tiananmen Square massacre in Beijing. During a 2014 hearing of the Congressional-Executive Commission on China honoring the 25th anniversary of the Tiananmen Square protests, Walz, then a Minnesota congressman, appeared to recall specific details of his trip to China at that time. Walz’s 2014 claim that he visited China during the Tiananmen Square protests has been repeated in media reports. When asked by CNN if Walz was in China during the Tiananmen Square protests, the Harris campaign was unable to provide evidence to substantiate Walz’s claim. ?,” Miller said in a social media post in response to clarification offered by the Harris campaign about Walz’s trips to China.

Persons: Tim Walz, Ohio Sen, JD Vance, Walz, ”, Harris, he’s, Gwen Walz, “, Jason Miller, Donald Trump’s, Vance, Tim, ” Miller, James Comer, Alejandro Mayorkas, Walz “ misspoke Organizations: CNN, Minnesota Gov, Democratic, Tiananmen, Republican, GOP, Congressional, Commission, Washington Free, Alliance Times, Herald, Nebraska National Guard, ”, Minnesota Public Radio, APM, China “, Republicans, Congressional Republicans, Trump, Chinese Communist Party Locations: China, New York, Ohio, Hong Kong, “, Tiananmen, Beijing, Minnesota, Foshan, Guangdong, Nebraska, ” Nebraska

☆ No U.S. investor is 'positioned correctly' in Hong Kong and Chinese equities: Mizuho Americas
▼ + stars: | 2024-10-01 | 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 EmailNo U.S. investor is 'positioned correctly' in Hong Kong and Chinese equities: Mizuho AmericasFarzin Azarm of Mizuho Americas says that investors are hoping for a pullback in the Hong Kong and Chinese markets to "get back" into the market.

Organizations: Mizuho, Farzin Locations: Hong Kong, Mizuho Americas

☆ How this unique business model is setting new standards in crypto asset management
▼ + stars: | 2024-10-01 | by ( Sponsor Post | ) www.businessinsider.com time to read: +4 min

Matrixport has created a crypto financial service hub that emphasizes investor success. The all-in-one crypto financial hubOne such case is Matrixport, a Singapore-based crypto asset management platform marketing itself as the "world's leading all-in-one crypto financial service hub," is outpacing traditional crypto exchanges and crypto asset management platforms. It puts investors first and creates an entry-level crypto ecosystem delivering access to integrated products and services, like crypto asset trading, investment, loans, custody, RWA, research, and more. What truly sets Matrixport apart from crypto exchanges is its business model. Founded in 2019, Matrixport manages crypto assets worth more than $10 billion and sees monthly trading volumes exceeding $5 billion.

Persons: Matrixport, Jihan Wu, Bitmain Organizations: Traders, Tech, Invest, Insider Studios, Matrixport, Business Locations: Solana, Singapore, Asia, Hong Kong, Switzerland

☆ Morgan Stanley names China stocks set to benefit from a 'sustained rally'
▼ + stars: | 2024-10-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley says that Chinese stocks could enjoy a more "sustained rally" in the next phase — beyond a near-term jump — as they ride on the wave of stimulus measures and signals announced last week. They predict at least a 10% rally in the near term , and even more ahead. Against that backdrop, the bank indicated its preference for certain stocks that are set to benefit from easing measures. Stock screens Morgan Stanley did a few stock screens to sieve out those set to benefit. Morgan Stanley says it expected a supplementary budget to be announced in late October, supporting consumption and local government financing.

Persons: Morgan Stanley, Evelyn Cheng Locations: Hong Kong, China

☆ Takeaways from the Vance and Walz vice presidential debate
▼ + stars: | 2024-10-01 | by ( Eric Bradner | Daniel Strauss | ) edition.cnn.com time to read: +9 min

CNN —The vice presidential debate between Ohio Sen. JD Vance and Minnesota Gov. Vance repeatedly hit Vice President Kamala Harris on border security, while Walz lambasted former President Donald Trump on abortion rights. Tim Walz take part in a vice presidential debate at the CBS Broadcast Center in New York on Tuesday, October 1. Chip Somodevilla/Getty Images Vance addresses Walz during the debate. Alex Kent/Getty Images Cutout images of Vance and Walz are displayed at a debate watch party in New York.

Persons: Ohio Sen, JD Vance, Tim Walz, that’s, Vance, Kamala Harris, Walz, Donald Trump, Harris ’, Trump, Walz —, Vance —, ”, “ Donald Trump, ” Walz, Mike DeWine, “ you’ve, you’ve, Vance didn’t, didn’t, Margaret Brennan, Harris, Joe Biden’s, Sen, Al Drago, Matt Rourke, Ken Betancur, Angela Weiss, Joe Raedle, Chip Somodevilla, Mike Segar, Norah O'Donnell, Brendan McDermid, Reuters Vance, Julia Demaree Nikhinson, Alex Kent, Victor J, Charly Triballeau, Getty Images Walz, Kevin Wexler, Anna Moneymaker, Walz filibustered, “, ” Vance didn’t, Roe, Wade, ” Vance Organizations: CNN, Minnesota Gov, Republican, Trump, Ohio Gov, CBS, Springfield, CBS Broadcast Center, Bloomberg, Getty, People, Center, Reuters, Journalists, United Federation of Teachers, Getty Images, Democratic, USA, New York, Secret Service, Minnesota Public Radio, APM, “, Heritage Foundation’s, for Disease Control, Republican Party Locations: Ohio, Minnesota, CNN Springfield, Springfield , Ohio, Springfield, American, ”, United States, Central, New York, New, AFP, Kendall , Florida, China, Hong Kong

☆ How Prada is beating the odds and bucking the luxury slump
▼ + stars: | 2024-09-30 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

"I think the 'miracle' at Prada is Miu Miu," Luca Solca, a senior analyst at Bernstein, told Business Insider. Miu Miu is doing just that. "Miu Miu is resonating with consumers because of a savvy mix of product and communication marketing," Solca said. Miu Miu has embraced stars (Sydney Sweeney and Gigi Hadid were featured in recent campaigns), which has energized its following. AdvertisementIn short — pun intended — you can't get trendier than Miu Miu right now, and being trendy is good for business.

Persons: that's, Miu Miu, Luca Solca, Bernstein, Miu, —, Moncler, Stifel's Rogerio Fujimori, Edward Berthelot, Solca, Sydney Sweeney, Gigi Hadid, Lexie Liu, Zhao Jinmai, Wu Yanshu, Miu Miu's Mary Jane, It's, Prada, Prada hadn't, Jelena Sokolova, Morningstar, Burberry, Gucci, Andrea Guerra, Raf Simons, Muccia Prada, Goldman Sachs, Gen, Scarlett Johansson, Arqué, Sokolova, Alessandro Michele, Guerra, L'Oréal, " Guerra Organizations: Prada, HSBC, Little, Business, New York Times, LVMH, Gucci Locations: Prada, Asia, China, Tokyo, Taipei, Nanjing, LVMH, Hong Kong

New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies. For example, the U.S. imports almost no Chinese EVs, largely because of an existing 27.5% tariff that is now increasing to 100%. Lithium-ion batteries, however, are a different story, accounting for about $13 billion of the $18 billion in affected Chinese goods. Similarly, the U.S. has been increasing its Chinese imports of natural graphite, another crucial component of EVs. “Cheaper Chinese solars and cheaper Chinese EVs can actually take jobs away from a lot of manufacturers in, say, the West.

Persons: Donald Trump, Joe Biden, Trump, Chim Lee, ” Lee, Charles Benoit, “ that’s, Benoit, ”, Biden, Julie Kozack, Lee, it’s Organizations: Economist Intelligence Unit, Biden, China, European, Coalition for, Prosperous, International Monetary Fund, U.S Locations: U.S, Beijing, China, Asia, Southeast Asia, Mexico, Malaysia, Prosperous America

Ishiba, a straight-talking former defense minister, will take office on Tuesday when Prime Minister Fumio Kishida and his cabinet ministers resign and Ishiba is elected his successor by members of the LDP-controlled parliament. He is also contending with a complicated security environment in the Asia-Pacific region, where the U.S. has been strengthening ties with Japan and other allies in an effort to counter China’s growing power. After no candidate received a majority in the first round of voting, Ishiba won in a runoff against economic security minister Sanae Takaichi, 63, who would have been Japan’s first female prime minister. This was Ishiba’s fifth time running for party leader. In addition to being a realist, Ishiba is also an idealist who has never been tainted by scandal, Cucek said.

Persons: Shigeru Ishiba, Fumio Kishida, Ishiba, Hiro Komae, Kishida, Kishida “, ” Ishiba, Sanae Takaichi, Takaichi, ”, Michael Cucek, Cucek, ” Cucek, “, Lin Jian, Lin, Arata Yamamoto, Jennifer Jett Organizations: Liberal Democratic Party, LDP, Liberal Democratic Party’s, Getty, Temple University, NATO, U.S, Yasukuni, Foreign Ministry Locations: TOKYO, U.S, Ishiba, Asia, Pacific, Japan, North Korea, Tokyo, AFP, United States, Japanese, Tottori, South Korea, Philippines, Australia, China, Taiwan, Beijing, East Asia, Phuket, Thailand

☆ Alibaba, Tencent rally as Beijing stimulus plans push China's tech stocks to 13-month high
▼ + stars: | 2024-09-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The e-commerce giant's shares in Hong Kong are around 18% higher this week. Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China's central bank announced measures to stimulate the world's second-largest economy. Prior to the cuts, investors had been cautious on Chinese tech stocks like Alibaba and Meituan which are sensitive to the economy and consumer in China. However, big-name investor have started to strike a bullish tone on Chinese stocks. Despite the latest upswing, Chinese tech stocks remain significantly off their all-time highs hit in 2021.

Persons: Alibaba, David Tepper, Evelyn Cheng Organizations: Hong, Hang Seng Tech, Hong Kong, People's Bank of, Billionaire, CNBC, U.S . Federal Reserve, Baidu Locations: U.S, Hong Kong, People's Bank of China, China

Lebanese authorities have said that the devices used in the attacks were Gold Apollo Rugged Pager AR-924 pagers and ICOM IC-V82 walkie-talkies. The logo of Taiwanese company Gold Apollo is seen outside its office in New Taipei City on September 18, 2024. Yan Zhao/AFP/Getty ImagesThe chairman and founder of Taiwan-based Gold Apollo, Hsu Ching-kuang, was questioned by Taiwanese prosecutors last Thursday before being released. On its YouTube channel and website, Apollo Systems HK said that it had acquired the “sole distribution rights” to Gold Apollo pager systems. Hsu Ching-kuang (L), head of Taiwanese company Gold Apollo, speaks to the media outside the company's office in New Taipei City on September 18, 2024.

Persons: Budapest CNN — Israel, Yoav Gallant, “, Shin, Israel, Sean Moorhouse, ” Moorhouse, Mohamed Azakir, –, Gold, ICOM, Yan Zhao, Hsu Ching, Hsu, Teresa, Teresa Wu, Wu, Jakub Porzycki, Cristiana, Arcidiacono, ’, DANS, Dimitar Glavchev, Rinson Jose, Jose, Hassan Nasrallah, ” Nasrallah, ”, Hassan Ammar, Volker Türk, Pallabi Munsi, Katie Polglase, Tara John, Eyad Kourdi, Avery Schmitz Organizations: Budapest CNN, Getty, Israel, CNN, British Army, American University of, American University of Beirut Medical Center, Reuters, United Nations, UN Security, UN, International, New York Times, Consulting, Budapest, Gold, Prosecutors, BAC Consulting, Apollo Systems Ltd, Taiwan’s International Trade Administration, Apollo Systems, Apollo Systems HK, YouTube, Apollo, AA, ”, NBC News, Norta Global, Norta, Norwegian Police Security Service, Security, “ Authorities Locations: Beirut, New Taipei City, Budapest, Lebanon, Beirut's, AFP, American University of Beirut, Taiwan, Hungary, Taipei, Taipei City, Hong Kong, United States, Australia, Europe, Bulgaria, Norway, Anadolu, pagers, Sofia, Norwegian, Gaza

☆ Asia-Pacific markets mostly gain as China stimulus measures come into effect; Hong Kong set to rise 3%
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy. The bank added that the weighted average deposit reserve ratio of financial institutions will be about 6.6% after this reduction. Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%. The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.

Organizations: People's Bank of China, Reuters Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Tokyo, August's

☆ Hong Kong's New World Development shares surge 23% after CEO resigns
▼ + stars: | 2024-09-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Shares of Hong Kong's New World Development surged following the resignation of Adrian Cheng, a member of the founding family. Hong Kong listed shares of the major development company traded 23% higher after trading resumed on Friday. New World's woes come as property pains continue to plague Hong Kong and mainland China.

Persons: Adrian Cheng, Cheng, Eric Ma Siu, Cheung, Alicia Garcia, Herrero, Hong Kong tycoons, China's Organizations: New, Hong, HK, Asia Pacific, CNBC, China's Locations: Hong Kong, China, Natixis, tycoons, Asia

Though government officials criticized the paper’s reporting, that year it was rated among the city’s most credible news outlets by Hong Kong residents, according to a survey by researchers at the Chinese University of Hong Kong. We are targeting national security offenses,” Steve Li, chief superintendent of the national security police, said at the time. Earlier this month, the Hong Kong Journalists Association, a local press group, said dozens of Hong Kong journalists had been targeted by a “systemic” online and offline harassment and intimidation campaign that was the largest in scale the group had ever seen. There have also been rising reports of non-local journalists being denied work visas or entry to Hong Kong, an international media hub. Hong Kong ranked 135th out of 180 countries and territories in Reporters Without Borders’ 2024 World Press Freedom Index, compared with 70th in 2018.

Persons: Chung Pui, Patrick Lam, Hong, ”, Chung, Lam, Edmond So, Hong Kong’s, Steve Li, “, ” Chung, shirk, Selina Cheng, John Lee, Aleksandra Bielakowska Organizations: European Union, Hong, Stand, China Morning Post, Reuters, Chinese University of Hong, police, Hong Kong Journalists Association, Hong Kong, China’s Foreign Ministry Locations: Hong Kong, U.S, British, Asia, Beijing, Chinese University of Hong Kong, Taiwan

☆ China's Xi and top leaders call for halting real estate decline, responding to public concerns
▼ + stars: | 2024-09-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Authorities "must work to halt the real estate market decline and spur a stable recovery," the readout said in Chinese, translated by CNBC. The readout said leaders called for strengthening fiscal and monetary policy support, and touched on a swath of issues from employment to the aging population. Just days after the U.S. cut interest rates, the People's Bank of China on Tuesday announced a slew of planned interest rate cuts and real estate support. This real estate policy is aiming at reducing its drag on the economy." Tempering growth expectationsThe meeting readout said China would "work hard to complete" the country's full-year economic targets.

Persons: Xi Jinping, Zhiwei Zhang, Stocks, Goldman Sachs, Yue Su, Zong Liang, Zong, Bruce Pang Organizations: Getty, CNBC, Communist Party, People's Bank of China, Economist Intelligence Unit, Bank of Locations: Yuexi County, Anqing, Anhui province, China, BEIJING, Hong Kong, U.S, Beijing, JLL

She misses that wok hei flavor more than anything. Wok hei, “the breath of the wok,” is one of the most rare and elusive flavors on Earth. As she told me: “Wok hei is so difficult to find in America. She was born in Guangzhou, China, and moved to Hong Kong as a teenager in the late 1960s. I don’t even like eating fried food that much, but it’s very Hong Kong style,” my mom told me.

Persons: Pamela, Wok hei, ”, teng, wok hei, dongs —, Sham Organizations: Australian Dairy Company Locations: America, Hong Kong, New York, Kowloon, sweatshops, Guangzhou, China, Lei, ”

PHUKET, Thailand — Thailand’s landmark marriage equality bill has been endorsed by the monarchy, making it the first country in Southeast Asia and the third place in Asia to recognize same-sex marriage. It will take effect in 120 days, allowing LGBTQ couples to register their marriages starting Jan. 22. “Congratulations on everyone’s love,” Prime Minister Paetongtarn Shinawatra said in a post on X that included the hashtag #LoveWins. Thailand, one of the most popular tourist destinations in Asia, is known for its tolerance and vibrant LGBTQ social scene, but it also retains conservative social values that made passing the law a yearslong struggle for activists. Taiwan was the first place in Asia to allow same-sex marriage in 2019, followed last year by the South Asian country of Nepal.

Persons: King Maha Vajiralongkorn, ”, Paetongtarn Shinawatra Organizations: Royal Gazette, ” Locations: PHUKET, Thailand, Southeast Asia, Asia, LoveWins, Taiwan, Nepal, Beijing

The Chinese military successfully test-fired an intercontinental ballistic missile into the Pacific Ocean on Wednesday, the defense ministry said. The ministry said the test was a routine part of the Rocket Force’s annual military training. “It is in line with international law and international practice and is not directed against any country or target,” it said. This is a developing story. Check back for updates.

Organizations: People’s Liberation Army Rocket Force

☆ Chinese yuan hits strongest level against the dollar in over 16 months as investors assess PBOC stimulus
▼ + stars: | 2024-09-25 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth. China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China's onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. China bonds rallied after the PBOC announcement with 10-year and 30-year yields hitting record lows.

Persons: Ben Emons, Edmund Goh, Zerlina Zeng, CreditSights, Pan Gongsheng, Emons, Hong, — CNBC's Evelyn Cheng Organizations: U.S, Beijing, greenback, Fed Watch, BNP, U.S ., Asia Credit, People's Bank of China Gov, CSI Locations: China, abrdn, Hong Kong, London, Singapore, New York

☆ Asia-Pacific markets open higher; Hong Kong's Hang Seng poised to rise 4%
▼ + stars: | 2024-09-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets open higher on Wednesday, while futures for Hong Kong's Hang Seng Index suggested a 4% rise for the index when trading starts. HSI futures were at 19,763, compared to the index's last close of 19,000. Chinese markets rallied yesterday after the country's central bank announced a slate of economic support measures, with the HSI seeing its best day in seven months, while mainland China's CSI 300 recorded its largest one-day gain in over four years. Investors will be watching Australia's inflation numbers on Wednesday, with the consumer price index expected to post a 2.7% rise year on year, according to economists polled by Reuters.

Persons: Vernon Yuen Organizations: Hong Kong Skyline, Getty Images, CSI, Reuters Locations: Hong Kong, Asia, Pacific

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