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FINANCE Tuesday 28th of June

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PHNOM PENH: The CSX Index is currently at 488.38 Points down 1.37 Points or 0.28%

The Daily Exchange Rate: is 4,068KHR to the USD$

STOCKS SWING HIGHER AS CHINA EASES QUARANTINE RULES

HONG KONG, June 28 - Asian shares swung into positive territory in afternoon trade on Tuesday, propelled by China's decision to ease some quarantine requirements for international arrivals, with Hong Kong stocks particularly supported.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.5%, having spent most of the day in the red. The index has fallen 3.8% so far this month.

Following the news, Hong Kong's Hang Seng index (.HSI) reversed its losses and jumped 0.85% in afternoon trade.

In China, the blue-chip CSI300 index (.CSI300) was 1% higher, also having clawed back earlier losses.

The sharp change in mood looked set to last into the global day with the pan-region Euro Stoxx 50 futures up 0.31%, German DAX futures 0.2% higher and FTSE futures climbing 0.47%. U.S. stock futures rose 0.46%.

Australian shares (.AXJO) were up 0.86%, while Japan's Nikkei stock index (.N225) rose 0.66%.

Interest rate sensitive megacaps such as Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O) and Alphabet Inc (GOOGL.O) were the heaviest drags on the U.S. main indexes.

The Dow Jones Industrial Average (.DJI) fell 0.2%, the S&P 500 (.SPX) lost 0.30% and the Nasdaq Composite (.IXIC) dropped 0.72%.

U.S. crude ticked up 1.02% to $110.69 a barrel. Brent crude rose to $116.42 per barrel.

Gold was slightly higher with the spot price trading at $1,825.79 per ounce.

The Bitcoin price is $20,893.92, down 2.13% over the past 24 hours. So far this year, Bitcoin has dropped 54.91%.


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