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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New US ambassador Peter Mandelson’s foul-mouthed rant when pushed about Epstein friendship
Britain’s new ambassador to Washington, Peter Mandelson, has faced criticism and pressure over his friendship with paedophile Jeffrey Epstein. In an interview with the Financial Times, Mandelson expressed regret for meeting Epstein and dismissed questions about their relationship with a foul-mouthed rant, accusing others of being obsessed with the issue. Despite the controversy, Mandelson has taken up his role as ambassador, navigating diplomatic challenges amid scrutiny of his past associations. Full Article
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