South Korea’s KOSPI crashes around 11%: Circuit breaker triggered, market sees worst session in 5 months

So far this month, the KOSPI has fallen 29%, surpassing its previous record monthly decline of 27% recorded in October 1997. South Korean equities suffered their steepest one-day decline in nearly five months on Tuesday, with the benchmark KOSPI sliding almost 11% as a global rout in semiconductor stocks battered SK Hynix and Samsung Electronics….

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Access to bond markets must be widened: RBI

MUMBAI: Bond markets need more depth and not just scale so that more enterprises can access market-based finance as the bank-led model will not be sufficient to meet future financing needs, RBI deputy governor Rohit Jain said. He emphasised that this will require more discerning investors to assess levels of risks.“A wider range of enterprises…

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Rupee Surge: Rupee surges 66 paise on RBI governor’s remark, sensex up 776 points

File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra (Picture credit: Reuters) MUMBAI: The rupee strengthened sharply on Monday, closing at 95.91 against the US dollar, up 66 paise from its previous close, after RBI governor Sanjay Malhotra signalled that the domestic currency was undervalued and highlighted robust foreign currency inflows.The central bank’s supportive…

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