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A Sino Land-led consortium won the right to develop a plot in Hong Kong’s Shing Tak Street from the Urban Renewal Authority (URA), after its bid displayed confidence in a highly sought location.
The Hong Kong stock market on Tuesday ended the three-day losing streak in which it had fallen almost 260 points or 1.6 percent. The Hang Seng Index now sits just above the 16,370-point plateau and it's predicted to move higher again on Wednesday.
Japanese department stores still have their mojo, with sales in October rising by 5.3 per cent year on year. Here's a closer look.
Stocks rise on optimism Beijing will deliver some good news at the Central Economic Work Conference this week, after an underwhelming Politburo meeting in July. Technicals are also aiding the short-term bounce.
The Hong Kong stock market has moved lower in three straight sessions, shedding almost 260 points or 1.6 percent along the way. The Hang Seng Index now sits just above the 16,200-point plateau although it's due for support on Tuesday.