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Following Tuesday's market rebound, analysts are offering insights on key stocks. Vedanta shows strength above Rs 370, with potential upside beyond Rs 390. HCL Tech maintains a strong uptrend, favoring a buy-on-dips strategy. Conversely, Delhivery remains bearish, with analysts advising caution until it surpasses Rs 268.
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News and Media
Finance Minister Katsunobu Kato stated Japan will not use its U.S. Treasury bonds as leverage against American tariffs. This was in response to a suggestion to sell the bonds as retaliation. Kato clarified that these holdings are for potential currency intervention. Selling them would be like buying yen, a move Japan is wary of.
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News and Media
A U.S. judge has ordered the Trump White House to lift access restrictions imposed on the Associated Press, following a dispute over the news agency's continued use of "Gulf of Mexico." Judge Trevor McFadden ruled that the White House cannot selectively restrict access based on viewpoints, granting AP journalists access to key White House events.
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The S&P 500 plummeted below 5,000 for the first time in nearly a year, triggered by investor anxieties over President Trump's impending tariffs. A strong morning rally faded as hopes for tariff delays diminished. The benchmark index has suffered a significant market value loss since the tariff announcement.
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News and Media
South Korea on Wednesday unveiled a $2 billion emergency support package for its crucial export-focused carmakers, warning US President Donald Trump's 25 percent tariffs on the sector could be a "significant blow". "Given that automobiles and auto parts are South Korea's top exports to the US, the decision to impose a 25 percent tariff on these items is expected to deliver a significant blow to our auto industry," the government said in a statement announcing the support measures.
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News and Media
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