Investor optimism drives stocks higher
The benchmark index of the Dhaka Stock Exchange (DSE) extended its bullish run for a fourth week in a row, driven by expectations of a favourable market outlook amid anticipated post-election political clarity.Market analysts said investor sentiment remained upbeat just before the national election held on Thursday, prompting accumulation in...
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Europe, Asia lead equity fund inflows as US records weekly outflow
European and Asian equity funds drew strong inflows in the week ended February 11 as investors trimmed exposure to US mega-cap stocks on concerns about stretched valuations and rising AI-related spending, reports Reuters.Global equity funds marked a fifth straight weekly inflow, at $25.54 billion, with European funds securing $17.53 billion...
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In Hong Kong's IPO boom, Chinese banks face talent crunch test
HONG KONG, Feb 13 (Reuters): A shortage of talent risks undercutting Chinese investment banks' booming listing business in Hong Kong and tests their ability to meet new regulatory rules on the number of mandates they can accept, said industry sources and analysts.Hong Kong Securities and Futures Commission (SFC) last month...
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AI fears wipe out $50b from Indian IT stocks in Feb
Indian IT shares logged their worst week in more than 10 months on Friday, extending a rout driven by fears of disruption from artificial intelligence tools that wiped about $50 billion off the sector's market capitalisation so far in February, reports Reuters.The launch of a tool by tech startup Anthropic...
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