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A volatile session was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 shedding nearly 300 points amid profit-taking in the final hours of trading on Tuesday. The KSE-100 opened with a strong upward movement, peaking in the morning session as it hit an intra-day high of 162,819.85. However, the index declined gradually through midday as investors booked profits, dragging the index to an intra-day low of 161,276.81, before showing a slight recovery towards the close. At close, the KSE-100 settled at 161,692.49, a decrease of 291.59 points 0.18%. “The local bourse experienced a turbulent session today, swinging…

LONDON: Oil prices eased on Tuesday as oversupply concerns outweighed worries that Russian shipments will remain under sanctions as talks to end the Ukraine war remain inconclusive. Brent futures fell 20 cents, or 0.3%, to $63.17 a barrel by 1022 GMT. West Texas Intermediate (WTI) crude declined 16 cents, or 0.3%, to $58.68. Both crude benchmarks gained 1.3% on Monday as rising doubts about a peace deal to end the Russia-Ukraine war reduced expectations for the unfettered flow of Russian crude and fuel supplies, which are under sanctions from Western nations. Even as market participants worry about Russian shipments, the…

UBTech Robotics, one of China’s top makers of humanoid robots, plans to raise HK$3.11 billion (US$399.6 million) through a share placement in Hong Kong – its sixth and largest such fundraising since last year, riding on growing industrial orders and the sector’s momentum.The Shenzhen-based company aimed to sell 31,468,000 new shares for HK$98.80 each, representing a discount of around 11.4 per cent from the closing price on Monday, according to a filing to the Hong Kong stock exchange on Tuesday.Its shares dropped 2.3 per cent to HK$108.90 at open on Tuesday, trimming its gain to 98.2 per cent this year.UBTech…

UBTech Robotics, one of China’s top makers of humanoid robots, plans to raise HK$3.11 billion (US$399.6 million) through a share placement in Hong Kong – its sixth and largest such fundraising since last year, riding on growing industrial orders and the sector’s momentum.The Shenzhen-based company aimed to sell 31,468,000 new shares for HK$98.80 each, representing a discount of around 11.4 per cent from the closing price on Monday, according to a filing to the Hong Kong stock exchange on Tuesday.Its shares dropped 2.3 per cent to HK$108.90 at open on Tuesday, trimming its gain to 98.2 per cent this year.UBTech…

Hong Kong stocks extended a rebound, pushing the benchmark to the highest in a week on Tuesday as risk aversion retreated after more Federal Reserve officials came out in support of an interest-rate cut next month.The Hang Seng Index rose 0.8 per cent to 25,933.35 as of 10.09am local time, adding to a 2 per cent gain on Monday. The Hang Seng Tech Index gained 1.8 per cent.On the mainland, the CSI 300 Index climbed 1 per cent and the Shanghai Composite Index added 0.9 per cent.Xiaomi, the maker of smartphones and electric vehicles, rallied 4.8 per cent to HK$40.50…

Hong Kong stocks extended a rebound on Tuesday, pushing the benchmark to the highest in a week as more Federal Reserve officials backed an interest-rate cut next month, restoring risk appetite that had been eroded by frothy equity valuations and tighter monetary policies.The Hang Seng Index rose 1.2 per cent to 26,033.91 as of 11.20am local time, extending a 2 per cent gain on Monday. The Hang Seng Tech Index gained 2 per cent.On the mainland, the CSI 300 Index climbed 1.3 per cent and the Shanghai Composite Index added 1.1 per cent.Xiaomi, the maker of smartphones and electric vehicles,…

As the Philippines prepares to take over the rotating Asean chairmanship next year, Manila faces the daunting task of managing a protracted civil war in Myanmar while pushing for progress on a long-delayed code of conduct (COC) in the South China Sea.Analysts say Manila must navigate an Asean agenda crowded with difficult trade-offs, balancing the crisis in Myanmar where progress is expected to remain incremental with a COC process facing a 2026 deadline, even as internal divisions within the bloc threaten to complicate both priorities.Foreign Secretary Maria Theresa Lazaro confirmed that the Philippines would prioritise continuity on Myanmar when it…

Brief, controlled bouts of oxygen deprivation – essentially moments of safe suffocation – can alleviate severe depression as effectively as electroconvulsive therapy (ECT) and ketamine, two of the most powerful treatments known to psychiatry, Chinese scientists have concluded.This radical new approach, called acute intermittent hypoxia, harnesses a natural mechanism triggered by a temporary drop in oxygen in the brain and activates a naturally occurring compound known as adenosine, which acts as a biochemical “master switch” that rapidly reverses depressive symptoms.The research team has developed a prototype device and is now conducting clinical trials involving 30 patients in collaboration with Beijing…

Japan’s Prime Minister Sanae Takaichi confirmed “the close cooperation” between Tokyo and Washington in a phone call with US President Donald Trump on Tuesday, hours after Trump spoke by phone with his Chinese counterpart Xi Jinping.Takaichi said her conversation with Trump covered the strengthening of the Japan-US alliance along with the various challenges facing the Indo-Pacific region, according to the Fuji News Network.The phone call came amid escalating tension between Beijing and Tokyo over Takaichi’s earlier remarks that suggested Tokyo could deploy its military forces in the event of a conflict in the Taiwan Strait – seen by Beijing as…

Bitcoin mining is quietly staging a comeback in China despite being banned four years ago, as individual and corporate miners exploit cheap electricity and a data-centre boom in some energy-rich provinces, according to miners and industry data.After its global bitcoin mining market share slumped to zero as a result of the ban, China crept back to third place with a 14 per cent share at the end of October, according to Hashrate Index, which tracks bitcoin mining activities.The resurgence in bitcoin mining, which has also been corroborated by rig maker Canaan’s fast-rebounding sales in China, could act as a demand…