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Nikkei Climbs as Asian Markets Close Mixed After AI Selloff
x/openai
— 4d
Asia-Pacific equities were mixed as Japan’s Nikkei fluctuated—advancing on some days but retreating on AI-slowdown fears—while Chinese and Hong Kong markets showed divergence with mainland indices slipping and Hong Kong eking out gains. Across the region, traders weighed AI-development headlines, U.S. rate expectations, and company buybacks, keeping Japanese financials and AI-linked names central to the short-term moves.
+6
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Shein Plans Hong Kong IPO at $26–27B
Business
— Aug 21, 2026
Shein is pushing a Hong Kong listing, aiming to raise up to billions and debut around September, after a years-long, halted path and multiple aborted attempts in New York and London. Its valuation has crashed from about $100 billion to roughly $26–40 billion amid slowing growth, regulatory scrutiny, and fluctuating US revenue as it seeks to attract investors for the IPO.
+8
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East Asia markets close mixed as China weighs
Finance
— Aug 21, 2026
Asian equities were mixed as weakness in mainland China weighed on sentiment while pockets of resilience appeared in Korea and Hong Kong; Japan fluctuated with modest moves as traders kept a cautious tone. Markets also tracked U.S. policy moves — from debt-buyback programs to trade frictions with Canada — which kept yields elevated and volatility in regional assets.
+3
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