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    • Breaking News
    Dec 29, 2022
    • The Hang Seng index is set to close down for the third year in a row and extend losses to 30% as Hong Kong and China battle the surging Covid infections.
      • The S&P 500 index gained 1.8% and the Nasdaq Composite soared 2.6% after tech stocks staged a rebound and Apple, Meta, Alphabet and Amazon jumped more than 3%.
        • On Wednesday more than half the passengers on two flights to Milan from China tested Covid positive, forcing Italian authorities to test all China arrivals from Thursday.
          • Dec 27, 2022
          • China plans to end mandatory quarantine for international passengers from January 8 and allow Chinese citizens to travel abroad soon.
            • Tesla dropped to a one-year low on the ongoing demand weakness in China.
              • Tech stocks led decliners and the Nasdaq Composite index fell 1.4% and the S&P 500 index dropped 0.4% at close after the yield on U.S. Treasury notes rose 10 basis points to 3.84%.
                • European markets closed at one-month highs after resource and luxury stocks led gainers on optimism of reopening of China.
                  • Dec 24, 2022
                  • Ahead of Chinese Lunar Year, health agencies braced for a surge in Covid infections in the countryside and at least 250 million people are expected to begin traveling in two weeks.
                    • Coast-to-coast storm brought bitter cold to 200 million people in the U.S. At least 1,500 flights were canceled by Saturday morning following 6,000 cancellations and 11,000 flight delays on Friday.
                      • Dec 23, 2022
                      • The Nikkei index in Tokyo dropped 1% and extended weekly losses to 4.7% after core inflation rose to a new 4-decade high of 3.7% in November.