The case for a rebound should be aided by lower valuations after the MSCI Asia Pacific Index underperformed its global counterpart by around 20 percentage points last year
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3%, after six sessions of gains, following volatile U.S. trade
Within the Asian region, the global research and broking house has maintained an overweight stance on China, Korea and Indonesia for 2022. Thailand and Philippines remain their key underweights.
Asian firms also accounted for most large issuances of convertible bonds
A mixed US jobs report did little to shake market expectations of a more aggressive tightening by the Federal Reserve
The stocks witnessed their biggest intra-day fall since April 12, 2021, and also their biggest weekly fall since January 29, 2021
The firm plans to build a bigger presence in real estate in developing markets such as China, Korea and India
Investors say this time is different as they lay bets on sparkling returns
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
Stock market LIVE: Sectorally, all indices were trading positively, led by Nifty Realty
Throughout the pandemic, Hong Kong has kept Covid-19 cases and deaths low
The Hang Seng Tech Index closed 1.9% lower in Hong Kong.
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 ..
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
Most Asian markets traded weak after the overnight fall in the US markets
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
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
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
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%