Sugar stocks rallied up to 8% after the government tightened inventory limits for dealers amid record-high sugar prices. Bajaj Hindusthan Sugar led gains, while Balrampur Chini and other stocks also advanced. Concerns over domestic and Brazilian supply, rising festive-season demand and a possible cut in import duties have further supported prices.
TOKYO: Japanese government bonds (JGBs) rallied on Thursday after the US Treasury took action to arrest a spike in long-term borrowing rates, calming global debt markets.
SHANGHAI: China and Hong Kong stocks rose on Thursday, as healthcare stocks surged and tech shares rebounded from a selloff, amid a broader recovery across Asia.
Treasury Secretary Scott Bessent’s bold intervention to stem a potentially damaging rise in US borrowing costs has some investors saying the dollar will ultimately pay the price.
SK-HYNIX-SK Hynix to pay 60South Korean chipmaker SK Hynix has agreed to pay 60% of employee bonuses in shares and the remaining 40% in cash under a preliminary wage agreement, a person familiar with…
