MARKETS
Chinese stocks flirt with correction as investor patience wanes
The CSI 300 Index was down 0.2% as of mid-day break after falling as much as 1.3% during morning trading
WORLD
Trump defends tariff plan while pressing for more Fed influence
The former president shrugged off the possibility that his proposed tariffs might disrupt supply chains or squeeze small businesses, saying companies would rapidly return manufacturing to the US to avoid the levies
MARKETS
Asian stocks slide as tech selloff hurts risk mood
Equity benchmarks in Sydney, Tokyo and Seoul all fell, while contracts pointed to declines in Hong Kong
BUSINESS
Global stocks optimism flashes Sell signal, BofA survey shows
Allocations to stocks surged, while bond exposure sank and cash levels in global portfolios fell to 3.9% in October from 4.2% last month, triggering a “sell signal” on global equities, the BofA note said.
INDIA
India’s rate-cut calls at risk after inflation picks up sharply
Governor Shaktikanta Das has kept the benchmark rate unchanged for more than 20 months
BUSINESS
Adani Group to sell Dollar Green Bonds second time this year
Units of the group’s clean-energy business, Adani Green Energy Ltd. are marketing a green 20-year note in the US currency on Tuesday, as that business ramps up spending to boost capacity.
WORLD
China may raise $846 billion to boost growth, says report
The funds will be partly used to help local governments relieve their burden from off-balance-sheet debt, according to the report late on Monday, citing unidentified people
WORLD
China moves to tax the ultra-rich for overseas investment gains
The move underscores growing urgency within the government to expand its sources of revenue as land sales tumble and growth slows
MARKETS
Asian stocks rise tracking US gains; oil declines
Benchmark indexes were up in Australia and Japan, and US futures advanced slightly.
BUSINESS
Asia’s IPO bankers look beyond China slump with $6 billion week
Listings from Hyundai Motor’s India unit, subway operator Tokyo Metro and Japanese X-ray company Rigaku Holdings will push IPO volumes in Asia Pacific excluding China past $28 billion, comfortably beating the $23.7 billion sold in 2023.
BUSINESS
Indian bonds suffer first weekly outflow since index inclusion
Overseas investors sold Rs 1,680 crore ($200 million) of so-called Fully Accessible Route bonds last week, according to Clearing Corporation of India data.
MARKETS
Chinese stocks fluctuate as traders assess fiscal support vows
The CSI 300 Index swung between a gain of 1.7% and a loss of 0.5%. It capped its worst week since late July on Friday
MARKETS
Chinese stocks gain after weekend fiscal briefing
The Australian and New Zealand dollars slipped against the greenback in early trading on Monday, while China’s yuan also weakened
WORLD
India likely to see small hit from Trump tariffs as threats grow
India’s gross domestic product will be 0.1% lower by 2028 if Trump is re-elected in November and goes ahead with a plan to impose a 60% tariff on Chinese goods and 20% tariffs on other countries, Bloomberg Economics estimated.
WORLD
India is now Russia’s No. 2 supplier of restricted technology
Indian exports of restricted items such as microchips, circuits and machine tools surpassed $60 million in both April and May, about double from earlier months this year, and leaped to $95 million in July, according to the officials, who asked not to be identified discussing private assessments. India is exceeded only by China.
BUSINESS
China to sell special sovereign bonds to boost bank capital
Authorities flagged in late September that they will boost core tier-1 capital at the six major commercial lenders
BUSINESS
China to issue local government bonds to support property sector
More expansionary public spending is deemed crucial to reviving the world’s second-largest economy.
BUSINESS
Kenya signs $736 million deal with Adani for power-line project
Billionaire Gautam Adani’s company will finance, construct, operate and maintain the transmission lines for a period of 30 years, Wandayi said in a statement on Friday.
BUSINESS
Chennai Petroleum in talks to raise $3.3 billion for refinery
The funds will help build a proposed 9 million-ton-a-year oil processing plant in the southern state of Tamil Nadu, which has a total cost of around Rs 33,000 crore.
BUSINESS
Chinese shares slide with focus on policy briefing
The declines in Chinese stocks partly reflect “the risk of another disappointment with tomorrow’s Ministry of Finance briefing,” said Kieran Calder, head of equity research for Asia at Union Bancaire Privee in Singapore.
BUSINESS
Jane Street’s India profits complicate fight with Millennium
The profit dispute raises the possibility that Jane Street, one of Wall Street’s most secretive firms, may wind up revealing more about its finances in court than it has elsewhere.
BUSINESS
China may unveil $283 billion in new stimulus this weekend
Beyond the amount of any fiscal package, the target of support will indicate where the government looks to steer its economy after years of debt-fueled expansion through investment, particularly in real estate and infrastructure.
BUSINESS
Buffett cuts BofA stake below 10%, letting him trade in secret
Bank of America’s stock has underperformed throughout the liquidations. It had been No. 1 in the 24-company KBW Bank Index this year as of July 16. Since then, it has been the second-worst performer. In the latest round, Berkshire unloaded $382.4 million of shares over three days.
MARKETS
Stocks climb in Asia as traders downplay hot CPI
Treasuries were steady in early Asian trading after the two-year yield fell six basis points and its 10-year counterpart dropped by one basis point Thursday. Australian and New Zealand yields were steady Friday.
