Chinese EV maker BYD aims to compete with Porsche's supercars by launching its Denza-branded premium models in developed markets, signaling its growing expertise in high-end EV design and manufacturing.
BYD plans to unveil its Denza Z sports car at the UK's Goodwood Festival of Speed, featuring its DiSus body control system and blade battery packs. The move aims to attract international consumers and boost BYD's global expansion.
MSCI's CEO, Henry Fernandez, stated that South Korea remains classified as an emerging market due to restrictions on Korean won trading, despite its economic development and ongoing reforms. The inability to trade the won outside Seoul's office hours makes portfolio rebalancing difficult for index fund managers.
MSCI has maintained South Korea's emerging market status, disappointing hopes for a developed market upgrade. Indonesia's review is extended to November amid concerns over market accessibility and investability.
South Korea will persist in its bid to be classified as a developed market by MSCI, despite being kept in the emerging market category due to limited Korean won convertibility offshore. The finance ministry cited ongoing reforms and pledged continued efforts to meet MSCI's criteria.
South Korea will persist in its efforts to be reclassified as a developed market by MSCI, despite the index provider's decision to maintain its emerging market status due to limited Korean won convertibility and onshore liquidity issues.
MSCI's annual market classification review is set for the 24th. While some expected Korea's inclusion in the developed market watchlist, Samsung Securities suggests lowering expectations due to five negative items identified in the market accessibility review, indicating that Korea's promotion to developed market status may be delayed until June next year.
Foreign investors have withdrawn Rs 27,048 crore from Indian equities this month, continuing a trend that has seen Rs 2.2 lakh crore exit in 2026. Global macroeconomic uncertainty, geopolitical tensions, and a strong US dollar are cited as key drivers.
Foreign portfolio investors have withdrawn over Rs 2 lakh crore from Indian equities in 2026, with May seeing further outflows of Rs 14,231 crore. Persistent global macroeconomic uncertainties, including inflation and interest rate concerns, are driving this trend, making developed market debt more attractive. Despite overall selling, some selective interest remains in specific sectors and growth-oriented mid and small-cap stocks.
