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No Santa rally in sight as Christmas nears

Most Asian markets open second last week of year with slim gains; risk appetite takes hit from lacklustre data out of China

THE much-delayed "Santa rally" remains elusive as most Asian markets opened the second last week of the year with slim gains, after risk appetite took a hit from lacklustre economic data out of China last Friday.

Stocks in Shanghai, Tokyo and Seoul gained marginally at less than a per...

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