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Indian Prime Minister Narendra Modi has appealed to citizens to conserve fuel and avoid unnecessary travel due to rising oil prices from the Iran war. Bloomberg's Ruchi Bhatia reports. (Source: Bloomberg)
Source
Bloomberg Markets
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BYD Co. is projecting an increase in annual sales, fueled by a more optimistic domestic outlook and an aggressive global expansion that aims to defy cooling demand in the broader electric vehicle market, said JPMorgan Chase & Co.
Modi appealed to Indians to cut fuel use, overseas travel and gold purchases as the Middle East conflict exposes India’s heavy reliance on imported energy.
Steve Brice, Standard Chartered CIO, says high Kospi valuations represent a possible risk factor for a correction. However, he adds that the long-term outlook for the market's AI-exposed tech sector remains positive and that he would be inclined to buy the dip in the case of a fall. (Source: Bloomberg)
Prime Minister Narendra Modi has called on Indians to avoid buying gold for at least a year to preserve foreign-exchange reserves, a surprising appeal in a country where the metal plays a vital role in savings, weddings and religious festivals.
