The world's second-largest economy, facing declining exports for the first time in seven years, cast a shadow over its neighbors, despite pockets of resilience like Japan's record-breaking rally.
Hybrid vehicles, with their dual combustion engine and electric motors, occupy a curious space in the automotive world. They offer significant fuel efficiency and emissions reductions compared to traditional gasoline cars but still fall short of the zero-emissions nirvana promised by electric vehicles (EVs).
Located strategically adjacent to the Singaporean border, the proposed SEZ envisions a bustling hub for businesses across various sectors.
This marked the third consecutive day of gains and put the index on track for its biggest weekly climb since late March 2020, when markets rebounded from the initial shock of the Covid-19 pandemic.
The benchmark Nikkei 225 index roared 2.01% to close at a stratospheric 34,441.72, marking its highest closing since February 1990 and leaving the 34,000-mark firmly in its wake for the first time since March of the same year.
Chip-related stocks were the stars, mirroring the strong performance of their U.S. counterparts, Nvidia and Advanced Micro Devices. This surge highlights the growing importance of the technology sector in driving Asian market growth.
At the close of Monday's trading session, the rupee settled at 83.05 to the dollar, showcasing a modest but noteworthy strengthening of 0.13% from its previous closing of 83.16.
Sources with direct knowledge revealed that the China Securities Regulatory Commission (CSRC) has lifted the late-2023 ban on mutual funds selling more shares than they buy each day.
The week's biggest highlight, however, will undoubtedly be the Taiwanese presidential and parliamentary elections on Saturday, January 13th. These elections, seen as a flashpoint for broader China-Taiwan tensions, come at a time of heightened regional anxieties following recent U.S. arms sales to the island nation.
The November agreement outlined a framework for restructuring $5.9 billion of Sri Lanka's public debt, with a mix of extended maturities and lower interest rates. However, the lack of a finalized MoU and lingering concerns about transparency in non-OCC creditor agreements continue to cast a shadow over the process.
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