Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Thailand Inflation Remains Negative for 10th Straight Month in January 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
China’s super-rich earned $1.5 trillion in 2020, more than the past five years combined, due to the popularity of e-commerce and gaming boomed during lockdowns.
An extra 257 people also joined the billionaire club in China by August, pushing the total to a total of 878 billionaires, following two years of shrinking membership.
In comparison, the US had 626 people in the top bracket at the start of the year.
According to a report by Hurun, there were around 2,000 individuals with a net worth of $300 million in August, giving them a combined net worth of $4 trillion.
Alibaba founder Jack Ma topped the list, with his wealth increasing to a whopping 45 percent to $58.8 billion due to a surge in online shopping.
The second was Tencent boss Pony Ma who made an extra 50 percent to push his net worth to $57.4 billion, despite threats to ban his firm in the US over national security fears.
Zhong Shanshan, who owns bottled water brand Nongfu, came in at third spot with $53.7 billion.
Hurun Report chief researcher Rupert Hoogewerf noted that the amount of wealth created in just one year was unprecedented.
