Most Asia-Pacific markets were higher on Friday despite Wall Street’s decline, with Hong Kong’s Hang Seng index up 0.82% and China’s CSI 300 index dropping 0.28%. Chinese bond yields hit record lows, prompting the People’s Bank of China to consider cutting interest rates this year. Additionally, China plans to impose export restrictions on certain technology, while investors in Asia monitor political uncertainty in South Korea following President Yoon Suk Yeol’s impeachment and failed martial law attempt in December.
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Zelenskiy signs anti-corruption law amid protests
Ukrainian activists are protesting a new law that critics claim weakens anti-corruption agencies, jeopardizing Ukraine’s EU aspirations and international support. President Zelenskiy, facing backlash, argues the law is necessary to enhance corruption investigations, while emphasizing the need for a detailed action plan to restore public trust and address institutional issues. Want More Context? 🔎
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