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Asian equities were largely higher as South Korea, Taiwan, and Hong Kong all posted +1% returns, while Southeast Asian equities were off slightly.
AustralianSuper to invest in minerals poised to gain from energy transition; Norway wealth fund excludes two Asian companies over ethical concerns; US pension funds invested in TikTok parent; Temasek's venture capital arm to launch Japan-focused fund; and more.
Adani Ports Share: Norges Bank, which manages the sovereign wealth fund, said in a statement it has decided to exclude India's Adani Ports and Special Economic Zone, L3Harris Technologies and China's Weichai Power.
Norway's central bank has blacklisted three companies including China's Weichai Power from its government pension fund due to ethical concerns. Norges Bank said, that Weichai Power was excluded as the company contributes to sales of weapons to states in armed conflicts, where "weapons are used in ways that constitute breaches of international rules."
Norway's central bank said on Wednesday that its executive board has decided to exclude three companies over ethical concerns.