Page 20 - Asian Markets

We need to get over syndrome that 'West is the bad guy': S Jaishankar

External Affairs Minister S Jaishankar on Sunday said the West was not the "bad guy" as it was not flooding Asian and African markets with goods on a massive scale and that there was a need to get over the "syndrome" of seeing it in a negative way. Jaishankar, in an interview to Malayalam news channel Asianet, also made it clear that he was not batting for the West. He was in Thiruvananthapuram as part of the launch of the PM Vishwakarma scheme. "It is not the West which is flooding Asia and Africa with goods on a massive scale. I think we need to get over the syndrome of the past that the West is the bad guy and on the other side are the developing countries. The world is more complicated, the problems are much more complicated than that," the minister said. Former Indian diplomat T P Sreenivasan interviewed the minister for the channel. On being asked whether Chinese President Xi Jinping did not attend the G20 summit in New Delhi because it did not want India to be seen as leader

Analysts turn cautious on Asian markets; India remains an outlier

Indian markets, analysts believe, are an outlier and can still justify expensive valuations amid a likely recovery in corporate earnings going ahead

Sensex down for 2nd day, dips 365 pts; Nifty near 19,400; all but PSBs fall

CLOSING BELL ON AUGUST 11, 2023: 14 out of the Sensex 30 stocks declined over a per cent each, while HCL Tech gained 3 per cent on Friday.

Sensex zooms 340 pts, ends near 65,800; Nifty tests 19500; auto stocks lead

Closing Bell on July 6, 2023: This was the Nifty50 index's eighth straight session of gains

Sensex rallies 467 pts, Nifty tops 18,800; RIL, HDFC duo lead, IT caps gain

CLOSING BELL ON JUNE 16, 2023: At the high point of the day, the Sensex was just 63 points shy from its record high, and the Nifty 22 points; Debutant IKIO ends at 42 per cent premium over issue price

Mkts dip ahead of vote on US debt ceiling, benchmark indices shed 0.5% each

Indices snap their four-day winning streak; MSCI rejig adds to volatility

Currencies in limbo amid Labour Day holiday in most Asian markets

Weighing on risk sentiment on Monday was the unexpected contraction in China's manufacturing activity in April

Troubled Silicon Valley startup bank spooks share markets, bonds rally

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.3% to a two-month low, with banks and Hong Kong tech stocks leading losses, while London and European futures each slid more than 1%

Strong data on US economy fuels bull-run in European and Asian markets

Shares were mostly higher Monday in Europe and Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks. Germany's DAX gained 0.4% to 15,644.08 and the CAC 40 in Paris was up 0.7% at 7,397.31. London's FTSE 100 edged 0.1% lower to 7,941.38. The future for the S&P 500 gained 0.2% while that for the Dow Jones Industrial Average was up 0.2%. On Friday, the S&P 500 rose 1.6% to cap its first winning week in the last four as easing yields in the bond market relieved pressure on Wall Street. It's found some stability following a swift rise and fall to start the year. The Dow industrials climbed 1.2%, while the Nasdaq composite jumped 2%. In Asian trading Monday, Hong Kong's Hang Seng index rose 0.2% to 20,603.19 and the Shanghai Composite index lost 0.2% to 3,322.03. At the annual session of China's rubberstamp legislature, the government set this year's economic growth target at around 5% as it tries to rebuild business activity following the end .

Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed

CLOSING BELL: Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 per cent

World shares inch higher, many Asian markets closed for Lunar New Year

Shares were higher Monday in Europe and in Asia, where most markets were closed for the Lunar New Year holiday. Germany's DAX edged 0.1 per cent higher, to 15,058.49 while the CAC 40 in Paris also gained 0.1 per cent to 7,002.30. Britain's FTSE 100 added 0.2 per cent to 7,786.30. The future for the S&P 500 lost less than 0.1 per cent while the future for the Dow industrials was unchanged. In Asia, Tokyo's Nikkei 225 index added 1.3 per cent to 26,906.04 as investors shrugged off Finance Minister Shunichi Suzuki's comments that Japan is facing an unprecedentedly severe" financial situation after spending heavily to counter the pandemic and other troubles. Finances are the cornerstone of a country's trust," Suzuki told lawmakers in parliament. We must secure fiscal space under normal circumstances to safeguard trust in Japan and people's livelihoods in times of crisis." Japan's national debt, already more than twice its gross domestic product, has grown further as the government has

Most of the upside will come from earnings growth: Herald Van Der Linde

"We expect a lot to go in the right direction for India. These include bad loans declining, consumption recovering, and investments rising"

Sensex sinks 637pts, gives up 61K, Nifty near 18K; Realty, Metals top drags

CLOSING BELL: TCS, Maruti, Divis's Labs, HDFC Life and Dr Reddy's were among the handful of stocks that held minor gains

Asian equities rise, dollar sways as focus firmly on Fed minutes

Asian equities rose on Wednesday, while the dollar was on the back foot after a steep spike overnight, with investors keenly awaiting minutes from the Federal Reserve's most recent meeting

Sensex ends 126 pts higher, Nifty atop 18200; HDFC Life soars 4%, TCS 1%

CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent

Indian stocks top Asian markets, strong economic growth fuels hope

Next year's optimism for India is driven by strong corporate earnings, a post-pandemic retail boom and an economy set to grow by 6% in the next fiscal year

Indian shares set to fall on hawkish US Fed despite slower rate hike

Asian markets were also off to a tepid start, with the MSCI Asia ex Japan sliding 1.02%

ADB cuts developing Asia's GDP outlook for 2023 amid global growth concerns

Growth in China, the largest economy in Asia, is expected to slow in 2022 to 3% against a 3.3% expansion predicted in a September report

Investors see growth in Asian equities, currencies as US CPI eases

The consumer price index reading supports forecasts for the Federal Reserve to reduce the pace of monetary tightening

Asian stocks lower as China 'drastically' scales back zero-Covid curbs

Shares fell in Asia on Wednesday with Hong Kong's benchmark down more than 2% even as Beijing announced it was drastically scaling back its zero-COVID" policies, shifting away from trying to isolate every single case. The Hang Seng index in Hong Kong fell 2.5% to 18,949.24 and the Shanghai Composite index was down 0.4% at 3,199.62. The National Health Commission's announcement ended a requirement for COVID-19 tests and a clean bill of health to be displayed on a smartphone app in most places, apart from vulnerable areas such as nurseries, elderly care facilities and schools. It also limited the scale of lockdowns to individual apartment floors and buildings, rather than entire districts and neighbourhoods. Experts say it might be at least mid-2023 before controls that disrupt travel, trade and industry can be lifted completely, but world markets have gyrated on speculation that major changes might be coming, helping return the world economy to a post-pandemic normal." Tokyo's Nikke