Asia stocks rise tracking Wall Street gains; elevated yields limit upside

GIFT Nifty:

Stock selection will be critical for investors as earnings and valuation gaps widen across large-, mid- and small-cap stocks, according to Chandraprakash Padiyar, senior fund manager at Tata Asset Management. Padiyar said valuations look expensive in some pockets but reasonable in others, making earnings and cash-flow growth key filters in a more volatile global environment….

Akasa Air, India’s third-largest airline, is reportedly contemplating an order for over 200 Boeing 737 MAX aircraft. A decision could be made early next year, with commercial terms expected by late 2027.