Monday, August 17
Indian equities slid deeper into the red on Friday, with the Sensex and Nifty stretching losses into a fifth straight session as global trade jitters and political uncertainty out of Washington kept investors on edge. What began as a tentative rebound at the opening bell quickly fizzled, with benchmark indices turning sharply lower within minutes as caution took hold across the board.The BSE Sensex has now fallen 2,181.71 points over the past five sessions, sliding from a closing level of 85,762.01 on January 2 to an intraday low of 83,580.30 on Friday. The NSE Nifty 50 has declined 2.5% over the same period. By around 12:40 PM, the Sensex was down 607 points, or 0.72%, at 83,573.67, while the Nifty fell 187 points, or 0.72%, to 25,689.90. The selloff has wiped out Rs 6.8 lakh crore in mar
Japan's Nikkei share average ended higher on Friday, driven by a surge in mega-cap Uniqlo store operator Fast Retailing on strong earnings. Automakers also outperformed as a weakening yen bolstered the value of offshore revenue, as well as on relief that China would not ban exports of so-called dual-use items - with both civilian and defence applications - to non-military Japanese firms. The Nikkei climbed 1.6% to close at 51,939.89. Heavily weighted Fast Retailing's 10.7% rally single-handedly contributed 592 points to the Nikkei's total 823-point advance. The broader Topix rose 0.9% to 3,514.11. For the week, the Nikkei tacked on 3.2%, and the Topix gained 3.1%. Japanese markets will be closed on Monday for a national holiday. Earnings were the main driver of the Jap
