AI Bias Analysis
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Reliance Industries Ltd. is revising its plans for the initial public offering of Jio Platforms Ltd., potentially India’s largest ever, to issue new shares instead of an offering by existing investors, the Economic Times reported, citing unidentified people familiar with the talks.
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)
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)
