Global Markets: Japan’s Nikkei drops nearly 3% as chip stocks slide despite robust TSMC results

Japan’s Nikkei share average finished close to a three percent decline on Thursday, influenced by a sell-off in chip-related stocks and escalating hostilities in the Middle East that dampened risk appetite. Despite Taiwan Semiconductor Manufacturing reporting record earnings, investor caution prevailed amid renewed tensions between the U.S. and Iran. Conversely, Nichirei shares soared after resuming…

SBI Funds Management IPO Day 3: Issue subscribed over 5 times; GMP points to 16% potential listing gains

SBI Funds Management IPO is experiencing robust investor demand on its final bidding day. The grey market premium indicates a potential listing price of approximately Rs 666 per share. Retail investors have shown steady participation in the ongoing public offering. The company’s IPO is a complete Offer for Sale, raising funds for existing shareholders. Shares…