President Xi Jinping has shifted focus towards private sector giants such as BYD, Huawei, and Alibaba to boost China's technological self-reliance amidst the ongoing technology war with the U.S. This move highlights a significant change in the Chinese leadership's perception of the private sector's role in economic growth.
The investment landscape in China is showing signs of sustained improvement, bolstered by market performance and positive developments in U.S. relations. Analysts at Bank of America Securities highlight long-term reforms and increased dividend payments as encouraging indicators of China's market transformation from being seen as merely 'tradable' to 'investable.'
President Trump and adviser Elon Musk have led an initiative to reduce the federal workforce by 9,500 employees, mainly targeting those with less than a year of service. An additional 75,000 workers have taken buyouts, with significant layoffs in departments such as Interior, Energy, Agriculture, Health and Human Services, and Veterans Affairs.
LG Electronics is holding roadshows for its Indian unit's planned IPO, expected to raise $1-1.5 billion with a valuation up to $15 billion. The Mumbai listing, aided by major banks, follows Hyundai's record Indian IPO last year. Despite initial excitement, Hyundai's stock performance has dipped, reflecting a broader market slowdown.
We do believe that with the reduction in taxes to boost consumption as well as interest rate cut by the RBI will certainly give boost to private investments.
Ajax Engineering listed at an 8.4% discount on Monday, debuting at Rs 576 on the NSE and Rs 593 on the BSE, compared to its issue price of Rs 629. However, the stock recovered to close at Rs 593.40 on the NSE, up 3% from the listing price, and at Rs 595.60 on the BSE, gaining 0.44%.
Fed Governor Chris Waller explains that rising long-term bond rates, despite Fed rate cuts, stem from concerns over large U.S. fiscal deficits and the market's ability to absorb them.
