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Asian telecom stocks face minimal 5G risks: JP Morgan

Shares of Asian telecom players have already priced in the impact of investments for setting up fifth generation (5G) mobile networks and potential monetization uncertainty, J P Morgan Securities analysts said on Monday. The Asian telecom sector has underperformed the broader market by 18 percent in the past 12 months due to investor concerns stemming from uncertainties related to 5th Generation spending and potential monetization, JP Morgan analysts said. They, however, believe it is now time to revisit the sector,…

Sajjad claims Asian 6-Red Snooker title

Pakistan’s Mohammad Sajjad completely dominated Hong Kong’s Lee Chun Wai 7-0 to claim the Asian 6-Red Snooker Championship title in Kyrgyzstan on Sunday. Earlier in the tournament, Sajjad defeated his countryman Mohammad Bilal in semi-final by 6-3 to earn a spot in the final. While, Bilal had beaten India's Pankaj Advani by 6-2 in quarter-finals. This is Sajjad's second major success, while it is the second Asian 6-Red Snooker title for Pakistan. Mohammad Asif won it four years back in 2013 in Qatar. Champions…

Visa rejection forces Pakistan to skip Asian Squash Championship

Pakistan were forced to cancel their participation in the upcoming Asian Squash Championship in Chennai, India after their visas were rejected. Farhan Mehboob, Farhan Zaman, Tayyab Aslam and Waqar Mehboob were scheduled to fly across the border from Islamabad on Monday. The Indian High Commission rejected the visas for the national squash team following failure in getting the security clearance from the related authorities, a Pakistan Squash Federation (PSF) official said. The PSF will record it’s protest at both on…

Asian traders cautious, Samsung Note 7 crisis returns

HONG KONG: Asian investors trod warily in holiday-thinned trade Monday and the dollar climbed after last week's drop on below-par US jobs data, while Samsung Electronics was hit by a renewed crisis over its troubled Galaxy Note 7. The labour department said Friday that fewer jobs than expected were created in the world's top economy in September. The news left all three main indexes on Wall Street in negative territory and sent the dollar lower against the yen Friday. However, analysts said the figures were unlikely to…

Oil prices higher in Asian trade

SINGAPORE: Oil prices inched higher in Asia Thursday but gains were capped as dealers fretted over an over-supplied global market after US crude reserves once again swelled to a record high.