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Hana Financial Group and four other major financial groups in Korea have lost around $749 million from overseas property investment
South Korea’s five largest financial companies have suffered nearly three-quarters of a billion dollars in losses on overseas real estate investments, with that story leading Mingtiandi’s headline roundup today. Also in the news, the trustee-manager of Dasin Retail Trust has been hit with a winding-up application and China makes its biggest cut ever in benchmark mortgage rates.