Asian stocks today: Markets inch higher as US inflation remains low; Nikkei adds over 1%, HSI trades flat

Asian equities inched higher on Friday after as investors relieved after softer reading of US inflation, expecting another interest rate cut as early as next month. Optimism was further supported by strong earnings from US chipmaker Micron Technology, which eased fears that the rally in technology stocks may be overstretched.Hong Kong’s HSI is trading at…

Read More

Japan hikes interest rates to 30-year-high

File photo (Picture credit: AP) TOKYO: The Bank of Japan hiked interest rates to a 30-year high of 0.75 per cent on Friday, the first increase since January, as it said the economy had shown signs of improvement.The unanimous vote to lift the main borrowing rate from 0.5 per cent came hours after official data…

Read More

New markets law to strengthen Sebi

MUMBAI: Finance minister Nirmala Sitharaman on Thursday introduced the Securities Markets Code (SMC) Bill in the Lok Sabha that, among a host of objectives, aims to have a comprehensive legislation that would assign more powers to markets regulator Sebi, decriminalise several violations and expand its board size to 15 members from nine now.It also seeks…

Read More

Japan inflation holds steady ahead of BoJ rate decision

Japan’s inflation rate held steady in November, official data showed Friday ahead of the Bank of Japan’s monetary policy decision which could see central bankers raise interest rates to their highest level in 30 years.The hike would be the first since January and could potentially exacerbate turmoil in debt markets.Yields on Japanese government bonds have…

Read More

Out of the Blue, ‘Chip’ stock zooms 55,000% in 20 months

BENGALURU/MUMBAI: RRP Semiconductor, a BSE-listed company, is suddenly distinguishing itself in the global craze for semiconductors. The company stands out as an anomaly in India’s fast-evolving semiconductor narrative-drawing intense attention not for technological breakthroughs or manufacturing scale, but for its stock price surge that has sharply defied conventional valuation logic. Little known until recently, even…

Read More