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Xinhua world economic news summary at 0900 GMT, Jan. 11


Xinhua
11 Jan 2021

SEOUL -- South Korean stocks ended in negative territory Monday following a roller-coaster ride caused by a clash between institutional and retail investors.

The benchmark Korea Composite Stock Price Index lost 3.73 points, or 0.12 percent, to settle at 3,148.45. Trading volume stood at 1.7 billion shares worth 40.2 billion U.S. dollars. (South Korea-Stocks)

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HAIKOU -- The IP International Exchange of Hainan has seen more than 150,000 patents, trademarks and copyrights listed on its official website since its opening in August 2020, with a total value of about 3.1 billion yuan (about 478 million U.S. dollars), the exchange said in a recent report. (China-Hainan-IP Exchange)

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SUVA -- The banks in Fiji have taken measures to recover their business affected by COVID-19.

According to Fiji Broadcasting Corporation on Monday, ANZ Bank, or Australia and New Zealand Banking Group, has removed loan approval fees for new customers while Home Finance Company Bank no longer charges administration fees on first home loans. (Fiji-Suva-Economic Recovery)

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SYDNEY -- The Australian share market finished firmly lower on Monday, with tech stocks and gold miners leading broad-based losses.

At the market close the benchmark S&P/ASX 200 index was down 60.70 points or 0.90 percent at 6,697.20, while the broader All Ordinaries index was down 64.70 points or 0.92 percent at 6,959.50. (Australia-Stock Market)

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