Australian stocks endured their worst week in almost a year, plummeting 3.8% as Middle East tensions fueled inflation fears. Heavyweight banks and miners bore the brunt of the sell-off, with over A$133 billion wiped out. Despite the downturn, some analysts remain optimistic about the economy’s underlying strength.Read More
Japanese shares marked their steepest weekly drop in almost a year on Friday, as the Middle East war heavily disrupted traffic through the Strait of Hormuz, choking oil supply and pushing investors out of risk and into cash.Read More
Orkla India shares surged nearly 10% after Citi Research initiated coverage with a Buy rating and a target price of Rs 750. The brokerage expects steady revenue and earnings growth driven by product mix improvement, distribution expansion and international demand, although the stock remains below its listing price.Read More
Foreign institutional investors dumped nearly Rs 17,000 crore worth of Indian IT stocks in February amid rising concerns that artificial intelligence could disrupt the traditional software services model. While brokerages warn of further downside and earnings risks, some analysts believe AI could eventually expand the industry’s long-term growth opportunities.Read More
Mukesh Ambani’s ambitious Jio Platforms IPO faces potential delays due to the Indian government’s slow formalization of new listing rules. Reliance aims to file the draft prospectus before April, contingent on government notification. This mega IPO, potentially India’s largest, could be impacted by the regulatory wait, despite the regulator’s approval of rule changes.Read More
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