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Move to impose levy on returns from policies that serve as investment products causes consternation in Hong Kong
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Ken Griffin's hedge fund made billions last week after it bought the bulk of Situational Awareness's stock book
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Markets have been lashed between disruptions in the Strait of Hormuz and anxiety about massive corporate investments in artificial intelligence.
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Assets in these model-portfolio investment kits surpassed $4 trillion to reach a new high; investors wondered how U.S. companies will use their large cash piles, and buy now, pay later payment stocks got a boost from retailer adoption of the digital services.
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 * Indexes mixed: Dow dips 0.52%, S&P off 0.27%, Nasdaq flat
(Updates to late afternoon, changes dateline, byline)
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