Business Maverick: Stocks seesaw in Asia amid focus on China, Fed: markets wrap

Hong Kong’s benchmark equities opened lower, snapped higher and then began sliding again in the first hour of trading. It was a similar picture for mainland shares.

US futures edged higher after stocks on Wall Street closed down and ahead of the speech by Powell on the economy and the labour market. Amid the turmoil, a gauge of global stocks was on course for a second monthly advance, which has trimmed its loss so far this year to 18%. Bonds were also poised for a monthly gain, along with losses for 2022 on new par with equities.this week to the highest level since 2012, heaping pressure on investors seeking to hedge risk by splitting their portfolios between the two asset classes.

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COVID-19: Prague Christmas market returns after Covid-19 but with fewer lightsPRAGUE, Nov 27 (Reuters) - Thousands of people poured into Prague's medieval Old Town Square at the weekend for the lighting of a 25-metre (80-foot) Christmas tree and the reopening of the annual market after a two-year Covid-19 shutdown, but the energy crisis meant fewer lights than usual.
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