The Week In Numbers: Hot Property

Samsung has told owners of its Samsung Galaxy Note7 to power down their units and to stop using it immediately. Problems at the electronic giant surfaced when it received complaints of its lithium-ion battery exploding while being charged. The recall of the phone wiped around $19 billion off the value of the company.

Beijing has implemented a series of measures to cool its overheated property market. It has been reported that property prices in first-tier cities have more than doubled year on year. Since the start of 2016, property prices in Beijing, Shanghai, Shenzhen and Guangdong have jumped 28%.

The people of Thailand are mourning the death of their King. The world’s longest-serving monarch passed away at the age of 88, after 70 years on the throne. The late king’s 64-year-old son, Crown Prince Maha Vajirakongkorn, has been named as King Bhumibol Adulyadej’s successor.

The Singapore banking regulator has stripped Falcon Private Bank of its licence. The Monetary Authority of Singapore (MAS) said it would fine Falcon S$4.3 million for anti-money laundering breaches. MAS will also penalised DBS Group (SGX: D05) and UBS.

And finally, Donald Trump is trailing Hilary Clinton by 8 points in the opinion poll, after the second televised debate. One in five Republicans thinks that Trump’s vulgar comments about groping women disqualify him from the presidency. Does that imply that 80% of Republicans don’t?

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