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Asia-Pacific shares trade higher as investors gear up for Fed rate hike decision - CNBC
Feb 01, 2023 55 secs
The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index held steady at 48.9, below the 50-point mark separating growth from contraction.

"Input price inflation abated in January, with lower fuel costs helping to offset pressure on business expenses from higher raw material and energy bills," au Jibun Bank stated in their report.

The plan was shared with Malaysia's Minister of International Trade and Industry, Tengku Zafrul Azi, during his visit to Sea and Shopee's headquarters in Singapore on Jan. 29.

The proposed expansion plans in Malaysia involved the setting up of cloud services, data hosting and processing, as well as a new logistics e-commerce warehouse, according to a press release from the ministry.

In December, Sea's founder Forrest Li wrote in an internal memo that the company "needs to focus on profitability after a difficult 2022" amid macro economic challenges and that it was freezing salary increases for most staff, Bloomberg reported.

The fund holds stocks that have exposure to the non fungible token market, or NFTs, which soared in value at the height of the crypto boom before seeing trading volume dry up quickly last year.

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