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Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

The combination would help both exchanges compete better with rivals like ICE and CME from the United States. The LSE has long sought to bolster its presence in Asia and recently launched a link scheme with HKEX rival Shanghai

Just last week Xiaomi scrapped an already delayed plan to offer equity in China, a move aimed at attracting mainland investors hungry to buy into global companies
A strengthening dollar against major currencies overseas and weak domestic equity market weighed on the local unit, forex traders said
The currency opened at 73.80, down 23 paise from its previous close of 73.57 compared to the American dollar.