Home Markets Ant Group gets approval to operate consumer finance firm

Ant Group gets approval to operate consumer finance firm

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SINGAPORE — Shares in Asia-Pacific looked set for a mixed Friday start, with investors monitoring Alibaba’s Hong Kong-listed stock following a major positive development for its affiliate Ant Group.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 29,000 while its counterpart in Osaka sat at 28,980. That compared against the Nikkei 225’s last close at 29,058.11.

Meanwhile, stocks in Australia looked poised to open little changed. The SPI futures contract was at 7,265.0, as compared with the S&P/ASX 200’s last close at 7,260.10.

Investors will monitor Hong Kong-listed shares of Alibaba after Ant Group received approval to operate a consumer finance company. That marked a major positive development for Ant in the forced restructuring of its business months after its highly anticipated debut was abruptly shelved.

Looking ahead, the Reserve Bank of India is set to announce its interest rate decision at 2:15…

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