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Didi faces domestic competition, including from Alibaba Group Holding’s Amap, but is estimated to hold over 70% of China’s ride-hailing market.
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The USD/JPY pair loses traction to near 159.45 during the Asian trading hours on Friday. Softer US inflation reports and fears of currency intervention weigh on the US Dollar (USD) against the…
UMS shares pare an 8.2% gain to be flat at midday while AEM is down 4.4%
UMS posts 89% higher second-quarter profit, but AEM shares reverse 5.1% gains and join Frencken in retreat
Korean shares opened sharply higher Friday, led by gains in major chipmakers, tracking an overnight rally in U.S. shares, as latest U.S. data eased woes over accelerating inflation.
India's goods exports grew significantly in July, driven by engineering and electronics sectors. Imports also increased, leading to a wider trade deficit compared to last year.
Thursday's gain put the S&P 500 and Nasdaq Composite on pace for their third straight weekly advances.