Asia stocks sputter as focus shifts to China stimulus
Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing’s week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street’s overnight rise to record highs, with investors digesting the Federal Reserve’s message for careful…
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Indian stocks head for most monthly foreign outflows in 4 years
Overseas investors sold Indian stocks every trading session this month, taking the net outflows to the highest since March 2020. Foreign funds withdrew more than $7 billion from Indian equities in the month through Oct. 14, according to data compiled by Bloomberg. If the trend continues, the month will see the biggest exit since a…
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STOXX 600 touches 1-week high; China stimulus, earnings eyed
European stocks reversed early losses and ended Friday at more than a one-week high as investors shifted their focus to updates on China’s stimulus plans, corporate earnings and an interest rate decision by the European Central Bank. The continent-wide STOXX 600 index ended up 0.5%, and was on track for weekly gains of 0.6%. Markets…
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