Markets.
The Asian trading day as it happens — currencies, stocks, bonds and deals, with the context to read them.
Elitecon International Shares Surge on Board Appointments, Banking Resumption
Elitecon International's shares rallied 10% for two days after key board appointments and the resumption of banking operations, signalling a strategic revival for the Mumbai-listed small-cap company.
Nifty-Gold Ratio at 1.70 Reveals Indian Equities Undervalued
India's Nifty 50-gold ratio has fallen to 1.70, suggesting Indian equities may trade at attractive valuations compared to gold. This metric often gauges relative value between financial assets and safe-haven investments.
Bank of Korea Interest Rate Outlook: Further Hikes Considered
Bank of Korea board members deliberated additional interest rate increases at their July 16 meeting. Minutes reveal persistent inflation concerns, despite a recent dip in consumer prices. Some members advocated for preemptive action to stabilise prices. This suggests continued monetary tightening for South Korea. (Source: CNA Business)
Citic Securities Sees A-Share Tech Rebound Despite Global Chip Sell-off
Leading Chinese brokerages, including Citic Securities, expect a rebound in domestic technology shares this August, contrasting with recent South Korean market declines.
RBI Names Monisha Chakraborty Executive Director, Effective August 2026
The Reserve Bank of India (RBI) appointed Monisha Chakraborty as Executive Director, effective August 2026. She will oversee foreign exchange and financial markets regulation, bringing over three decades of central banking experience to the role.
Margin Debt on Shanghai, Shenzhen Bourses Falls 14% to 2.59tr Yuan in July
Chinese stock traders reduced leveraged positions by 14% in July, challenging Beijing's market stabilisation efforts amid a tech sell-off and global AI sentiment shift. This shows investor caution.