Metal stocks like NMDC, Vedanta and SAIL among others surged up to 5% in today’s intraday session, defying the broader market sentiment, still supported by China’s stimulus measures. Shares of NMDC surged 5% to day’s high of Rs 247 while NMDC Steel shares went up by 4.5% to Rs 55.22. Vedanta’s shares jumped 2% to … Read more
BEIJING/HONG KONG: China’s stimulus plans to fill consumer pockets to meet its 2024 growth target breaks away from a decades-old policy playbook, but making household demand a sustainable driver of development instead of investment is a long path paved with tough choices. Reuters reported last week that Beijing plans to issue sovereign bonds worth about … Read more
SYDNEY: Asia share markets were mostly firmer on Monday as China announced more stimulus measures, though the Nikkei dived on concerns Japan’s new prime minister favoured normalising interest rates. Continued Israeli strikes across Lebanon added geopolitical uncertainty to the mix, though oil prices were still weighed down by the risk of increased supply. The week … Read more
Asian stocks rose on optimism China was poised to announce stimulus measures after comments from Federal Reserve policymakers hinting at further easing spurred gains overnight. Equity benchmarks in Japan gained more than 1% as local markets reopened after a holiday. Shares in South Korea advanced and Hong Kong futures pointed to an increase of at … Read more
Just as enthusiasm over artificial intelligence and China’s stimulus fades, a familiar weakness has come back to haunt equity investors in emerging markets: sinking corporate profits. With 96% of companies in the MSCI Emerging Markets Index done with their quarterly results, the earnings season is almost over. And the picture isn’t pretty — Almost half … Read more
