Global Market Today: Asian stocks rise on Korean rally, yen holds gains

Asian stocks advanced as chip shares revived artificial intelligence trade confidence. South Korea’s Kospi Index surged over fourteen percent, rebounding strongly. Japan’s shares also gained, lifting the regional MSCI Asia Pacific gauge. The yen held its gains after authorities intervened to support the nation’s currency. Attention remains on the Bank of Japan’s policy decision announcement…

South Korea’s Kospi index jumps more than 15 pc on a surge of chipmaking stocks

South Korea’s Kospi index saw a significant jump, mirroring Wall Street’s positive performance. AI-related stocks experienced a strong rebound after recent declines earlier in the week. Japanese markets also climbed, with technology and investment firms showing gains. Oil prices increased due to ongoing tensions and a closed key shipping route. Major US indices closed higher…

NSE Q1 profit up 8.7% at Rs 3,120 crore

The National Stock Exchange reported a profit after tax of ₹3,120 crore for the June quarter. This represents an increase of 8.7% from the previous quarter’s earnings. Consolidated revenue from operations saw a decline of 8.2% compared to the prior quarter. Year-on-year, the consolidated profit after tax rose by 7%. Meanwhile, consolidated revenue from operations…

Sebi opens faster route for rollout of AIF plans

The Securities and Exchange Board of India has introduced a new green channel mechanism. This new framework, called GARUDA, aims to speed up the launch of Alternative Investment Fund schemes. Regular AIF schemes can now be launched ten days after filing their placement memorandum. Accredited investor only funds and large value funds have been granted…

Korea’s leverage trap has an echo in India

Indian brokers are lending large sums to retail investors, creating systemic risk. Retail investors are borrowing heavily to buy stocks at stretched valuations. This margin debt has ballooned significantly, with new-age brokers aggressively competing. Unlike Korea’s AI focus, India’s debt supports stocks global investors are avoiding. Policymakers face challenges as inflation and a weakening rupee…