New Delhi: The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly attributable to a strong US dollar, sticky inflation particularly in the food segment, and poll outcome-related anxieties. With over 10 days more to go in May, the latest data from National Securities Depository Limited (NSDL) showed … Read more
Asian shares rebounded from 11-month lows on Thursday as a plunge in oil prices and softer U.S. labour data helped pull Treasury yields off 16-year peaks, although a looming U.S. payrolls report could make or break the rally. Tracking overnight gains on Wall Street, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6%. Japan’s … Read more
NEW DELHI: After being a rare oasis among all major troubled stock markets in 2022, Nifty is decoupling once again in 2023 but in reverse mode. As most major markets try to regain lost ground this year, India’s heartbeat index has turned into the worst performer with foreign institutional investors or FIIs dumping Indian stocks … Read more
Asian markets rallied Wednesday, building on a hearty performance on Wall Street and helped by the reopening in China, though analysts continue to warn of near-term volatility caused by surging inflation, rising interest rates and the Ukraine war. Equities have enjoyed some respite in recent weeks from a painful sell-off caused by central bank monetary … Read more
By Jeanny Yu Details of a wide-ranging overhaul of Hong Kong’s equity benchmark is set to be announced on Friday, marking the first step to diversify the financials-heavy index. The quarterly review is the first since Hang Seng Indexes Co. announced its biggest-ever overhaul in March, which includes boosting the total number of components to … Read more
Hong Kong market is doing incredibly well but their economy is doing dreadfully and it is going to do insignificantly worse, says the CEO, Ecognosis Advisory. What explains this kind of a staggering move across the Chinese markets? Just when the world is turning away from Beijing when it comes to the manufacturing hub, one … Read more