Asian Equities Rejoice Over Powell’s Comments, Tencent’s Fine Is A Rounding Error

Asian investors embraced Jerome Powell’s dovish comments sending equities higher, though South Korea was an outlier to the downside. Reuters reported after the close that Tencent would be hit with an anti-competitive fine of RMB 10 billion versus Alibaba’s RMB 18 billion fine. Today was a big…

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