Page 6 - Asia Markets
Rice prices in Asia hit 15-yr high after India's 6-week campaign of curbs
Rice is vital to the diets of billions and contributes as much as 60% of the total calorie intake for people in parts of Southeast Asia and Africa
 "Rice prices in Asia hit 15-yr high after India's 6-week campaign of curbs")
Sensex sinks 256 pts, Nifty ends below 19,300; SmallCap index holds fort
Closing Bell on August 31, 2023: Bajaj Finance, IndusInd Bank, Axis Bank, HUL, SBI, Power Grid, Nestle India, TCS, Tata Motors, JSW Steel, Bajaj Finance, ITC, and RIL slipped up to 1.2 per cent
 "Sensex sinks 256 pts, Nifty ends below 19,300; SmallCap index holds fort")
Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine
Closing Bell on July 19: The S&P BSE Sensex touched a lifetime peak of 67,171, while the Nifty50 hit 19,852 intra-day
 "Sensex jumps 302 pts, ends atop 67,000; Nifty nears 19,850; PSU banks shine")
HCLTech Q4 results: Profit jumps 11% to Rs 3,983 crore; revenue up 18%
The company added 4,480 new employees in the quarter, while the net addition was at 3,674
 "HCLTech Q4 results: Profit jumps 11% to Rs 3,983 crore; revenue up 18%")
Crypto decouples from global financial markets amid banking sector gloom
The collapse of several banks in the last two weeks has spread fears of contagion in global markets, but crypto markets saw a bull run, with Bitcoin climbing to its nine-month high on Monday
 "Crypto decouples from global financial markets amid banking sector gloom")
SVB crisis: How the ripples of the bank's plunge reached foreign shores
Silicon Valley Bank crisis: How has the bank's failure affected other banks and their stocks worldwide? Read more to find out
 "SVB crisis: How the ripples of the bank's plunge reached foreign shores")
Winter chill grips domestic indices unlike Asian peers; Nifty50 falls most
Indian equities worst-performing in January
 "Winter chill grips domestic indices unlike Asian peers; Nifty50 falls most")
Asian shares subdued, dollar steady as focus remains on US CPI data
US stocks ended higher as investors heaved a sigh of relief after Powell refrained in a speech from commenting on rate policy but said the Fed's independence was essential for it to battle inflation
 "Asian shares subdued, dollar steady as focus remains on US CPI data")
Recovery in Asia M&A, stuck at 8-year-lows, rests on macro conditions
Deals are set to revive slowly as companies and funds watch out for easier macroeconomic conditions, they said. Hopes that Chinese companies will return to the market have strengthened
 "Recovery in Asia M&A, stuck at 8-year-lows, rests on macro conditions")
Stocks, oil skid sharly today as China's Covid protests roil sentiment
China, the world's top oil importer, has stuck with zero-Covid policy even as much of the world has lifted most restrictions
 "Stocks, oil skid sharly today as China's Covid protests roil sentiment")
A great rotation brewing in Asia as investors head northern markets
Strategists at Goldman Sachs Group Inc. expect Asia's equity leadership to shift from Southeast Asia and India to markets like China and Korea next year
 "A great rotation brewing in Asia as investors head northern markets")
Emerging mkts close to completing current bear-market cycle: Morgan Stanley
It's highly likely these markets are bottoming amid "abundant" signs of capitulation, the investment bank's strategists including Jonathan Garner wrote in note
 "Emerging mkts close to completing current bear-market cycle: Morgan Stanley")
Asian shares see worst month since pandemic's onset on recession concerns
The Asian index was set to record a staggering 12.5% drop for the month, the largest since March 2020 when the Covid-19 pandemic threw financial markets into chaos
 "Asian shares see worst month since pandemic's onset on recession concerns")
India's rice export curbs paralyse trade in Asia as prices rise: Industry
"India accounts for more than 40% of global shipments. So, nobody is sure how much prices will rise in the coming months," said Himanshu Agarwal, executive director at Satyam Balajee
 "India's rice export curbs paralyse trade in Asia as prices rise: Industry")
Asian palm buyers replenish inventories as prices correct to one-year low
It will also help Indonesia to reduce stockpiles that swelled after its export ban earlier this year and pressured local prices lower and squeezed farmer's incomes.
 "Asian palm buyers replenish inventories as prices correct to one-year low")
Syngenta to K Bank: 7 of Asia's biggest IPOs to watch for in second half
Syngenta could seek to raise 65 billion yuan ($9.7 billion) on the Nasdaq-style Star Board
 "Syngenta to K Bank: 7 of Asia's biggest IPOs to watch for in second half")
Asian stocks outside China see greater outflow than previous market crises
Global funds offloaded a net $40 billion of equities across seven regional markets last quarter, exceeding any three-month period characterised by systemic stresses since 2007
 "Asian stocks outside China see greater outflow than previous market crises")
Asian stocks slide as recession fears send Wall St into bear market
Asian shares tumbled on Tuesday after Wall Street officially entered bear market territory and bond yields hit a two-decade high
 "Asian stocks slide as recession fears send Wall St into bear market")
Asia markets face uncertain start amid inflation fears, rates concerns
In early trade, Australian shares gained 0.2% while Japan's Nikkei stock index was 0.85% higher.
 "Asia markets face uncertain start amid inflation fears, rates concerns")
Asia stocks wobble, dollar firm as markets wary before US inflation data
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3%, after U.S. stocks ended the previous session with mild losses.
 "Asia stocks wobble, dollar firm as markets wary before US inflation data")