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Asia leads global wealth race

Asia Pacific wealth increased by 4.5% or US$3.4 trillion to nearly US$80 trillion in 2016, outgunning the global average rate of 1.4%, according to Credit Suisse’s latest annual Global Wealth Report. Underpinning this increase was a hefty 19% surge in Japanese wealth due to currency appreciation against the USD. China and India were hit by adverse currency movements. As a…

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