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Asian millionaires are worth more than their European counterparts for the first time, largely because of the relative health of stock markets in Hong Kong, India and the Chinese mainland last year, a study said Wednesday. As of late last year, there were 3m millionaires in both Asia-Pacific and Europe, according to an annual analysis of investors with $1m or more in assets by Merrill Lynch Global Wealth Management and Paris-based consultancy firm Capgemini. The survey quantified the wealth held in Asia at $9,700b, ahead of the $9,500b in Europe. |
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