Page 7 - Asia Markets

Devyani International surges 25% in 4 days on robust Q2 results

In Q2FY22, the company posted consolidated profit after tax of Rs 46.6 crore as against a net loss of Rs 65.5 crore in Q2FY21.

Busiest summer for Asia IPOs on record with $56 billion in deals

Busiest summer for Asia IPOs on record with $56 billion in deals

Sensex ends 958 pts up at 59,885, Nifty tops 17,800; Realty index gains 9%

Stock market LIVE: Sectorally, all indices were trading positively, led by Nifty Realty

Hong Kong move to reopen China border boosts retail stocks

Throughout the pandemic, Hong Kong has kept Covid-19 cases and deaths low

China tech selloff accelerates as weak earnings spook investors

The Hang Seng Tech Index closed 1.9% lower in Hong Kong.

Markets update: Asian stocks follow Wall St lower on Fed hints at rate hike

Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously forecast no interest rate hikes before 2024, estimated their benchmark rate would be raised twice by late 2023. The Fed also indicated it sees the US economy improving faster than expected. On Wall Street, the benchmark S&P 500 index fell 0.5 per cent on Wednesday after Fed projections showed some of its board members expect short-term interest rates to rise by half a percentage point by late 2023. Ultra-low rates from the Fed and other central banks have propelled a global stock market rebound from last year's plunge amid the coronavirus pandemic. The Fed may have delivered a more hawkish message for markets than many would have expected, Yeap Jun Rong of IG said in a report. Still, Yeap said, differing views among board members ..

India is first pick among Asia emerging markets for Morgan Stanley

The earnings momentum has been quite resilient and the policy momentum quite focused towards improving the infrastructure and attractiveness in the global supply chain: Daniel Blake of Morgan Stanley

Sensex, Nifty fall for second day; ONGC, Sun Pharma, Power Grid top losers

Most Asian markets traded weak after the overnight fall in the US markets

World shares mixed after retreat on Wall Street

Shares were higher in Europe on Monday after a retreat in Asia, where some markets including those in Tokyo and Shanghai were closed for holidays. London was also closed for the May Day holiday. Hong Kong and Seoul declined while Paris and Frankfurt advanced. US futures were higher. Oil prices were mixed and the yield on the 10-year Treasury note was steady at 1.62 per cent. Markets have mostly climbed in recent weeks as investors remain optimistic that the pandemic is slowly and steadily coming to a close, at least in the United States. Germany's DAX climbed 0.6 per cent to 15,226.91 while the CAC 40 in Paris was 0.5 per cent higher, at 6,298.02. The futures for the S&P 500 and the Dow industrials were up 0.5 per cent. The global recovery from the pandemic remains uneven. In much of Asia and many other countries, coronavirus caseloads have surged while vaccination levels remain low. Hong Kong's Hang Seng lost 1.3 per cent to 28,357.54 and the Kospi in South Korea slipped 0.7 pe

India's 'casino' type midcap rally amid Covid may be poised for a break

The S&P BSE Midcap Index has outperformed the benchmark S&P BSE Sensex Index in all but five months since the end of 2019

Asia shares mostly higher after US gains for fifth day on Wall Street

Asian shares mostly rose on Tuesday, cheered by a rally to all-time highs on Wall Street. Japan's benchmark Nikkei 225 rose 0.6 per cent to 29,953.97. South Korea's Kospi added 0.3 per cent to 3,054.77. Australia's S&P/ASX 200 jumped 1.1 per cent to 6,846.20. Hong Kong's Hang Seng gained 0.5 per cent to 28,971.04, while the Shanghai Composite inched down nearly 0.1 per cent to 3,417.02. The slower rollouts of the coronavirus vaccine in Asia, compared to the US and Europe, continues to put investors in the region in a cautionary mode, although South Korea, Taiwan, Japan and other nations have had fewer deaths. Weighing on sentiment is news that the vaccine from AstraZeneca had had reports blood clots after usage, whether or not a side-effect, (that) have resulted in a precautionary' suspension in Europe," said Venkateswaran Lavanya of Mizuho Bank in Singapore. This has setback Europe's vaccination progress even more starkly compared to the US, Lavanya said in a report. The news is

Indian shares surge on financial boost; IDBI Bank stocks jumps over 17%

The Nifty Bank Index added 1.28% and is up more than 17% since February. HDFC Bank Ltd was the top boost to the Nifty 50, rising 1.7%

Wall Street slumps on US Fed remarks on inflation, jobs; bond scare

Benchmarke US Treasury yields rose toward last week's highs as Powell spoke, and the dollar hit a three-month high

Bitcoin rises 5% to $50,942.58 adding $2,426.23 to its previous close

Bitcoin has fallen 12.7% from the year's high of $58,354.14 on Feb. 21

Tech demand drives Asia's factory revival, China's slowdown puts dampener

China's was the first major economy to lead the recovery from the COVID-19 shock, so any signs of prolonged cooling in Asia's engine of growth will likely be a cause for concern

Bond yields, US air strike: What dragged the Sensex 1,939 pts lower today

A rise in commodity prices has fanned inflation risks, pushing bond yields higher. That apart, the US launched airstrikes in Syria on Thursday, which further dented global mood

Asia stocks skid as global inflation fears, tech woes hit Wall Street

U.S. Treasury yields vaulted to their highest since the pandemic began on expectations of a strong economic expansion and related inflation

Short selling by market players led to rise in bond yields: SBI report

An SBI Ecowrap report noted that while going short or long are typical market activities that aid in price discovery, at times, they can also result in price distortions, as it might be happening now

Global trends to guide markets; indices may remain range-bound: Analysts

Markets had registered sharp gains post the Union Budget, but last week profit-taking was witnessed

Asian markets eye muted start on economic hopes, Covid pandemic fears

Australia's benchmark S&P/ASX 200 index was down 0.1% in early trading, while Japan's Nikkei 225 futures were up 0.05%