Stocks extend losses as investors turn cautious
The benchmark equity index extended its losing streak for a third consecutive week, as investors mostly stayed on the sidelines amid a lack of clear catalysts while upcoming earnings season kept the market sentiment cautious.Analysts noted that market sentiment remained subdued, with institutional and high-net-worth investors showing reluctance to inject...
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Asian pharma stocks decline after Trump slaps 100pc levies on branded drugs
Shares of Asian pharmaceutical companies fell Friday after US President Donald Trump announced fresh tariffs on furniture, heavy trucks and pharmaceutical products, reports CNBC.Starting from October 1, "any branded or patented Pharmaceutical Product" faces 100 per cent duties, except for companies that build drug manufacturing plants in the US, Trump...
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China's Momenta considers shifting IPO to Hong Kong from New York
Chinese autonomous driving developer Momenta is considering shifting its IPO to Hong Kong from New York, four people said, adding to a growing list of Chinese companies opting to debut in the Asian financial hub amid heightened US-China tensions, reports Reuters.The potential change in Momenta's listing venue comes after the...
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Global equity funds log weekly inflows as AI optimism, Fed cut bets boost sentiment
Global equity funds recorded net inflows for the first time in three weeks in the week to September 24, as optimism around artificial intelligence investments and renewed bets on potential US rate cuts lifted investor sentiment, reports Reuters.Investors poured a net $28.36 billion into equity funds during the period, largely...
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