: Microsoft will pay $US95 a share in cash for one of the most legendary gaming publishers, known for titles like Call of Duty and World of Warcraft.Netflix will be the first major streaming service to report earnings this week, offering investors a sign of whether companies have started to pull in enough new customers to justify big spending on online programming in 2022.
French food caterer Sodexo rose 1.7 per cent after Reuters reported Bain Capital was looking to bid for a stake in its benefits and rewards services unit.Spruengli fell 3.0 per cent after it said sales of its upmarket chocolates will likely grow at a slower pace in 2022 than last year, due to supply chain bottlenecks.: In an unprecedented intervention, the Chinese president says Western central banks are jeopardising global economic stability.
The blue-chip CSI300 index rose 1 per cent to 4813.35, while the Shanghai Composite Index gained 0.8 per cent to 3569.91. Both indexes posted their best daily performance since last Wednesday. The Hang Seng Composite index tracking financial stocks was down 0.2 per cent and the Hang Seng Finance index fell 0.3 per cent.
However, a still sluggish real estate market offset the impact from reduced supply. China’s gross domestic product in the property sector fell 2.9 per cent in the fourth quarter of 2021 compared with same period a year earlier, data from the National Bureau of Statistics showed.
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