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Asian shares were mostly lower and US futures also fell Thursday after Wall Street retreated, dragged down by falls in Big Tech stocks. Oil prices fell more than $2 a barrel after US President Donald Trump said he was told on good authority that plans for executions in Iran have stopped, even as Tehran has signaled fast trials and executions ahead in its crackdown on protesters. US benchmark crude fell $2, or 3.3%, to $59.88 per barrel. Brent crude, the international standard, shed $2.12, or 3.2%, to $64.40 per barrel. In Asian trading, Tokyo's Nikkei 225 slipped 0.9% to 53,863.84, with technology-related stocks trading lower. SoftBank Group fell 5.6%, testing equipment maker Advantest fell 4.1% and chip maker Tokyo Electron fell 3.3%. Shares of machinery and equipment maker Toyota Industries rose 6% following reports that automaker Toyota Motor has raised its buyout offer for the company to 18,800 yen ($118.61) per share. Hong Kong's Hang Seng dropped 0.6% to 26,850.78. Hong ...
Market regulator Sebi has overhauled its more than three-decade-old stockbroker regulations, allowing brokers to carry out activities under the framework of other financial regulators, in a move aimed at providing ease of compliance as well as ease of doing business. The new rule --- replacing Sebi's (Stock Brokers) Regulations 1992 with the Sebi (Stock Brokers) Regulations 2026 (SB Regulation) -- simplified regulatory language, removed outdated provisions, and introduced clearer definitions. Under the new rule, Sebi, in its notification on Wednesday, said, "A stock broker may carry out an activity under the regulatory framework of the other financial sector regulator or any other specified authority in the manner as may be specified by the Board. Such activity shall fall under the purview of the concerned financial sector regulator or authority." Also, the SB Regulations have been structured into eleven chapters, comprehensively covering key aspects of the regulatory regime for ...
US futures edged lower and Asian shares were mixed Friday, with Tokyo's Nikkei 225 trading near record high levels. The prices of gold and silver surged to records, extending their sharp gains for the year as investors including central banks have stocked up on the precious metals, which are viewed as safe havens in times of uncertainty. The price of gold gained 0.8% to 4,538.80 a troy ounce, while silver jumped 4.5% to $74.90 per ounce. Earlier surges in gold prices reflected worries during the US government shutdown. Expectations that the US Federal Reserve will cut interest rates further in the new year, weakening the dollar against other currencies, have also fuelled buying of gold. Gold is doing what gold does when the world loses its anchor: it becomes the anchor, Stephen Innes of SPI Asset Management said in a recent report. For centuries, gold has been the one asset that doesn't blink. When politics goes sideways, when currencies fray, when inflation eats the furniture, gol