Markets and investing
China Pledges Support for Hong Kong Markets and Yuan Liquidity
Vice Premier He Lifeng said China would continue to support an open economic environment in Hong Kong and increase offshore yuan liquidity in the financial hub.
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Markets and investing
Asian stocks dip as investors brace for US midterm elections
Asian equities fell in early trading, led by a sharp decline in South Korean shares, while oil steadied after Monday’s steep drop. Investors were also watching US election uncertainty and upcoming Treasury and central bank decisions.
Markets and investing
Reliance’s Record Rally Adds Momentum to India’s Market Bulls
Reliance Industries shares jumped nearly 12% after quarterly earnings exceeded expectations, lifting the Nifty 50 and setting a record for the company’s single-day market-value gain.
Markets and investing
China Raises FX Reserve Requirement to Slow Yuan’s Gains
The People’s Bank of China will increase the foreign exchange reserve requirement for financial institutions from 4% to 6% on November 15, tightening dollar liquidity as the yuan strengthens.