Taiwan’s benchmark stock gauge is on track to enter a bull market as trading resumed after the Lunar New Year holidays, with a broad rebound in chip shares boosting foreign buying in the market.
The rupee’s recent gains may prove to be fleeting because of pressure from India’s persistent current-account gap and the central bank building up its foreign-exchange reserves.
Chancellor Olaf Scholz is hoping his trip to Latin America this weekend will help Germany secure additional supplies of the lithium that car giants like Mercedes-Benz Group AG and Volkswagen AG need for their electric-vehicle batteries.
Asian shares are poised to rise Monday, with mainland China markets to reopen on the cusp of a bull market and traders betting that the Federal Reserve will slow the pace of rate hikes later this week.
A suspected Russian surface-to-air missile slammed into a residential building in Kharkiv, causing a fire and casualties, the city’s mayor said. Ukrainian President Volodymyr Zelenskiy urged allies to provide long-range missiles and his defense minister made a plea for aircraft.
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