John Wong, who leases offices in downtown Beijing’s new, 61-story Fortune Financial Center, has filled 60 percent of the space in the tower completed in September. He said he’s confident the rest will be snapped up.
Gold-mine investors are losing patience with management in the $60 billion industry as their shares head for the first back-to-back annual slump since 1998, even as the metal completes a dozen years of gains.
South Korean stocks, the second- cheapest in Asia, are among the “most attractive” in the region and may post further gains after their longest rally in almost five years, Oberweis Asset Management Inc. said.
South Korean stocks may extend their longest rally in five years as “modest” increases in interest rates will slow inflation without damaging economic growth, according to Prudential International Investments Advisers LLC.
As many as 20 Chinese companies plan initial public offerings in Hong Kong by year-end and more non- state businesses are preparing to follow government-owned peers to seek listings, an executive of the city’s exchange said.