Tariff relief on tech goods drives rally in China, Hong Kong shares
China and Hong Kong stocks rose on Monday as tech shares climbed after the White House exempted smartphones and computers from “reciprocal” U.S. tariffs, while the chip sector was weighed down by national security concerns. China’s blue-chip CSI300 Index climbed 0.5%, while the Shanghai Composite Index gained 0.9% by the midday trading break, after losing…
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US stock futures tumble indicating another plummet on Wall Street
U.S. stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration’s tariffs announcement last week. Investors had been anticipating another week of turbulence as global trading partners react to the harsher-than-expected tariffs. U.S. S&P 500 E-minis stock futures were last…
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FPIs show strong buying momentum in Indian equities in the second half of March
FPIs remained net sellers of Indian equities in March for the third consecutive month but there was a sharp deceleration in the outflow due to strong buying in the second fortnight of the month. They invested net Rs 26,042 crore ($3,037 million) in the second half of March, a sharp contrast to the outflow of…
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