Hong Kong share market finished session sharply higher on Thursday, 08 December 2022, recouping yesterdays losses, as an easing of Chinas COVID restrictions boosted sentiment among investors. At closing bell, the benchmark Hang Seng Index advanced 635.41 points, or 3.38%, to 19,450.23. The Hang Seng China Enterprises Index was up 233.82 points, or 3.63%, to 6,666.77. The Hang Seng Index has risen 32.4 per cent […]
Business Wire India Wasabi Technologies, the hot cloud storage company, today completed its Series D funding round with an additional $15 million in new equity headlined by Azura, SiS Cloud Global Tech Fund 8, and existing investors including Prosperity7 Ventures. Following $125M in equity closed in September 2022, the additional funding brings Wasabi’s Series D to $140 million. Along with its existing debt facility, the […]
Positive domestic equities supported the Indian rupee to end higher on Thursday, even as dollar strength overseas limited gains in the domestic unit. Rupee consolidated in a narrow range and settled 3 paise higher at 82.44 (provisional) against the US dollar. At the interbank foreign exchange market, the local unit opened at 82.34 and touched an intra-day high of 82.26 and a low of 82.47 […]
COMEX Copper futures saw choppy moves amid mixed equities today. Chinas Shanghai Composite index eased marginally while Hong Kongs Hang Seng index jumped 3.30%, reversing similar losses in last session. Japans Nikkei 225 index fell 0.40%. European markets edged up marginally. The US stocks saw choppy action yesterday after latest losing spree. The COMEX Copper futures stayed mildly positive and are not far from their […]
EIA stated in its latest Short Term Energy Outlook that global oil inventories in its forecast fall by 0.2 million barrels per day (b/d) in the first half of 2023 (1H23) before rising by almost 0.7 million b/d in 2H23. This forecast leaves global oil inventories higher at the end of 2023 than EIA had forecast in the November STEO, which results in Brent crude […]
The Singapore stock market finished session higher on Thursday, 08 December 2022, snapping two days losing streak, thanks to broadly positive lead from other regional bourses, after Chinas top health officials said the nation is getting closer to a return to normalcy. However, market gains capped amid growing fears of an economic slowdown and worries over the pace of the Federal Reserves interest rate hikes. […]
The equity barometers snapped four-day losing streak on Thursday, after Bhartiya Janata Party (BJP) cemented its lead in the Gujarat Assembly polls. Investors cheered after election trends showed that incumbent BJP will form government in Gujarat, brightening prospects of the party retaining its power at the Centre in 2024. The barometer index, the S&P BSE Sensex advanced 160 points or 0.26% to 62,570.68. The Nifty […]

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