Stocks in Japan advanced in a broad rally after the yen dropped on the hopes that the Bank of Japan would continue its ultra-loose monetary policy. The Bank of Korea held its interest rate steady for the eighth time in a row.
Nominal wages adjusted for inflation continued to drift lower in Japan. Suzuki plans to double its automobile production capacity in India. The Hang Seng index extended losses to the seventh day in a row, and China cranked up cross-strait tensions ahead of the Taiwan elections.
Asian markets advanced following the surge in tech stocks in overnight trading in New York. The dip in crude oil prices also raised hopes of further weakening inflation.
Caution prevailed in Mumbai trading ahead of the start of the earnings season this week. Markets in Hong Kong and mainland China deepened losses ahead of the release of inflation and international trade data this week.
Market indexes in Mumbai advanced and are set to close higher for the week after volatile trading. Asian markets traded mixed, and market indexes in Hong Kong and Shanghai are set to close down for the week after manufacturing activities contracted for the third month in a row in December.
Stocks rebounded on Dalal Street, and investors awaited the start of the earnings season next week. Asian markets extended losses on the lingering economic growth worries in China and the Bank of Japan's policy uncertainties.
Stocks in Mumbai declined for the second day in a row amid worries of a rebound in inflation after transport workers launched strikes in several states.
Benchmark indexes in Mumbai traded lower amid a broad market decline. The Indian government bond yield edged up, the rupee hovered near a record low, and crude oil prices in international trading rebounded.
The RBI says the domestic banking system is resilient, and banks would meet the minimum capital requirement after completing their stress tests. Stock market indexes turned lower on the final trading day of the year, but indexes logged double-digit annual gains.
Benchmark indexes in Mumbai advanced in a broad rally that lifted stocks in all market caps. Crude oil traded volatile amid elevated tensions in the Middle East.
India Benchmark Indexes extended their gains in the final week of 2023. The current account gap narrowed in the fiscal second quarter after the merchandise goods deficit shrank from a year ago.
Stocks in Mumbai traded volatile in the final week of 2023, and rising coronavirus cases kept investor enthusiasm in check. Crude oil prices were in focus amid elevated tensions in the Red Sea.
Stocks in Mumbai and Asia edged higher tracking gains on Wall Street in overnight trading. Crude oil prices advanced for the third week in a row amid rising tensions in the Red Sea.
