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Asian equities opened lower, mirroring a pause in US stock rallies amid concerns over stretched valuations. While South Korea's Samsung Electronics surged, other markets saw declines. Investors are reassessing gains spurred by AI-linked tech stocks, with some analysts suggesting a potential bubble, though others point to sustained earnings power.
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The United States will deploy up to 200 troops to Israel to establish a Civil-Military Coordination Center, tasked with supporting stabilization efforts in Gaza. This task force will facilitate aid flow and monitor a Gaza agreement, working with international partners but without deploying into the Palestinian enclave.
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Canara HSBC Life Insurance is set to raise 2,518 crore via an offer for sale, reducing promoter stake to 62%. Despite a lower Value of New Business margin due to high operating expenses, the company's discounted valuation makes it an attractive prospect for long-term investors eyeing the insurance sector. Its embedded value has seen significant growth.
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