A fall in U.S. applications for unemployment benefits sparked a buying spree in Asia. In Hong Kong the Hang Seng Index gained 1.2%, the Shanghai Composite Index advanced 1.4% and Japan’s’s Nikkei 225 Index added 1%.
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Shares closed lower in Asia on Monday. In China the Shanghai Composite fell 1.7% to 2,792 and in Hong Kong the Hang Seng Index dropped 0.7% to 23,527. Markets in Japan were closed in celebration of Coming of Age Day.
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The death toll at electronics giant Foxconn rose to 14 today as a worker jumped from Foxconn’s Shenzhen manufacturing complex in Southern China. The company manufactures Apple’s iPhone and iPad and electronics for other technol…
In American public life, it’s hard to escape popular appeals about the virtues of the middle class. Yet a growing cadre of analysts are concerned about the steady erosion of the middle class and the industrial base that created…