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By Nichola Saminather SINGAPORE (Reuters) - Tencent Holdings Ltd and Samsung Electronics Co Ltd are racing to be crowned Asia's most valuable company as expectations for robust earnings growth push their share prices to record highs. "These companies can grow earnings despite weaker global growth," said Andrew Gillan, head of Asia ex-Japan equities at fund managing firm Henderson Global Investors, which is overweight on Asian technology firms. "The operating fundamentals of the Chinese internet sector particularly have surprised positively in the most recent quarterly results." While many investors remain upbeat about Samsung and Tencent, some caution the firms are vulnerable to rapid swings in sentiment on any sign of slowing momentum.
The Olympic flag arrived in Tokyo on Wednesday as Japan's capital gears up to host the 2020 Games, with officials promising smooth sailing after Rio's sometimes shaky 2016 instalment. After stepping off a plane from the Brazilian host city, Tokyo governor Yuriko Koike carried the flag at a ceremony at the city's Haneda airport. "I strongly feel a heavy responsiblity" for the next Olympics, Koike told the crowd.