China reopening

Asian shares rise after US gains driven by AI-linked companies

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Asian shares rise after US gains driven by AI-linked companies

Asian shares rose at the open after a renewed wave of buying in companies linked to the artificial-intelligence boom sent Wall Street benchmarks to new peaks. Gold and oil edged lower on a peace deal in the Middle East. Shares gained in Japan and Australia after the S&P 500 closed 0.6% higher Wednesday, while the … Read more

FPI selling in Indian equities hits over 3-month highs on rich valuations, China reopen

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FPI selling in Indian equities hits over 3-month highs on rich valuations, China reopen

BENGALURU – Foreign portfolio investors (FPIs) offloaded Indian equities worth 150.68 billion rupees ($1.85 billion) in the first half of January, the most since the end of September 2022, data from National Securities Depository Ltd. showed. The selling coincided with a slide in equity benchmarks, with Nifty 50 falling nearly 1% between Jan. 1 and … Read more