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“We have an economy that is terribly unequal in some parts of the country,” Alison McGovern told BBC Breakfast on Tuesday, when the government will outline plans to invest £240mn under its Get Britain Working reforms. “Getting a job is a bit of a postcode lottery.” China’s CSI 300 and Hong Kong’s Hang Seng indices both edged up 0.1 per cent even as Japanese and South Korean stocks dipped. Japan’s benchmark Topix fell 1 per cent and the Nikkei 225 lost 1.2 per cent.
Four Pakistani paramilitary police were killed during protests in Islamabad led by supporters of jailed former prime minister Imran Khan early on Tuesday morning, an interior ministry official told the Financial Times. The UK lender said it would open an offshore booking centre in Singapore in 2026 that would cater to ultra-wealthy customers and family offices.
Japanese equities underperformed with the country’s benchmark Topix index shedding 1.1 per cent, while the Nikkei 225 lost 1.5 per cent in early trading.In Taipei, the semiconductor-heavy Taiex dropped 1 per cent as Taiwan Semiconductor Manufacturing Company fell 1.5 per cent after Nvidia shares slid 4 per cent on Monday in the US. TSMC is a key supplier of artificial intelligence chips for Nvidia.
The Korean won and Australian dollar led losses as they both declined 0.6 per cent against the greenback. The offshore renminbi slipped 0.3 per cent to Rmb7.27 per dollar. However, the small-cap-focused index ultimately finished 1.5 per cent higher, less than one point shy of its November 8, 2021 peak close.Small caps trading back around record high territory have reflected a broadening out of this year’s market rally beyond big, tech stocks.