What you need to know today
Nikkei leads Asia losses
Japan stocks led losses in Asia on Monday with the Nikkei 225 and Topix sharply down despite the country skirting a technical recession. Hong Kong’s Hang Seng index as well as the CSI 300 bucked the wider decline, logging gains. Wall Street ended Friday’s session lower as investors look ahead to key inflation data due later this week. The S&P 500 and Nasdaq Composite slipped 0.65% and 1.16%, respectively. The blue-chip Dow lost 0.18%, closing out its worst week since October.
China warns property developers
China’s housing minister signaled real estate developers must go bankrupt if required and won’t get a major bailout. Minister of Housing and Urban-Rural Development Ni Hong also warned that those who “harm the interests of the masses” will be punished.
India’s ‘watershed’ FTA
India signed a ‘watershed’ $100 billion free trade deal that will remove most tariffs with four non-EU nations. Commerce and Industry Minister Piyush Goyal said the FTA “will provide a window to Indian exporters to access large European and global markets.”
Japan stocks led losses in Asia on Monday with the Nikkei 225 and Topix sharply down despite the country skirting a technical recession. Hong Kong’s Hang Seng index as well as the CSI 300 bucked the wider decline, logging gains. Wall Street ended Friday’s session lower as investors look ahead to key inflation data due later this week. The S&P 500 and Nasdaq Composite slipped 0.65% and 1.16%, respectively. The blue-chip Dow lost 0.18%, closing out its worst week since October.
China warns property developers
China’s housing minister signaled real estate developers must go bankrupt if required and won’t get a major bailout. Minister of Housing and Urban-Rural Development Ni Hong also warned that those who “harm the interests of the masses” will be punished.
India’s ‘watershed’ FTA
India signed a ‘watershed’ $100 billion free trade deal that will remove most tariffs with four non-EU nations. Commerce and Industry Minister Piyush Goyal said the FTA “will provide a window to Indian exporters to access large European and global markets.”
Ark Invest’s top AI plays
Innovation-focused Ark Invest is bullish on artificial intelligence amid the frenzy. Tasha Keeney, director of investment analysis and institutional strategies at the asset manager, is “particularly excited about” the autonomous cars segment, which she estimates could be a ”$28 trillion opportunity.” $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Nasdaq Composite Index(.IXIC.US$
Innovation-focused Ark Invest is bullish on artificial intelligence amid the frenzy. Tasha Keeney, director of investment analysis and institutional strategies at the asset manager, is “particularly excited about” the autonomous cars segment, which she estimates could be a ”$28 trillion opportunity.” $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Nasdaq Composite Index(.IXIC.US$
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