Global stocks extended their slump, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing could quash chances of a trade deal.
The benchmark BSE Sensex cracked over 550 points Monday as investors turned jittery over exit poll results ahead of the outcome of state elections, weakening rupee and crude oil price rise amid an escalation in US-China trade tensions.
“We have rising tensions between the United States and China over Huawei and the Brexit vote in the UK parliament. The risk-off mood is likely to prevail for now,” said director of forex at Societe Generale.
All companies listed on the Tel Aviv Stock Exchange should be allowed to report in English to help them to attract more international investment, Israel’s market regulator proposed on Sunday.
The Hong Kong stock exchange said on Sunday it had reached a consensus with its counterparts in Shanghai and Shenzhen on trading by mainland investors in Hong Kong-listed companies with dual voting rights.
The outcome of Assembly elections in five states, along with fears over an escalation in US-China trade war and volatility in crude oil prices, are expected to determine the trajectory of the key Indian equity indices next week.
Faced with difficulties in recovery of penalties and other dues from some defaulters, capital markets regulator Sebi is planning to create a separate category of 'difficult to recover' cases for optimal utilisation of its resources.
Outcome of state elections, crude oil price movement and global market cues amid a flare-up in US-China trade tensions will set the tone for equities this week, say experts.
In a series of reforms, capital markets regulator Sebi is planning to expand its Offer For Sale framework to more companies, relax its norms for clubbing of investment limits by established foreign investors and tighten insider trading rules.