Mariko Oi, BBC reporter
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SGX and ASX announce merger plans

The Singapore stock exchange (SGX) has unveiled a multi-billion dollar bid for the company that owns the Australian Stock Exchange (ASX) in Sydney.

If approved, the $8.3bn takeover would mark the first stock exchange merger in the Asia Pacific region.

The deal would enhance Singapore as a major financial hub in the region and benefit Australian investors by giving them greater access to Asian markets.

Mariko Oi reports.