The Indian Rupee opened weaker at 95.25 and slipped 10 paise to 95.28 against the US dollar in early trade Monday. A stronger dollar overseas and global development uncertainty pressured market sentiment, with analysts citing underlying weakness despite favorable cues like falling oil prices.
South Korea and Qatar have discussed cooperation in energy and other cutting-edge industries. Qatar reaffirmed its commitment to prioritizing LNG supply to South Korea, despite previous force majeure declarations due to missile attacks.
Hong Kong Chief Executive John Lee will lead a large delegation to Kazakhstan and Uzbekistan in early June to explore business opportunities, focusing on sectors like finance, trade, and technology.
Hong Kong Chief Executive John Lee will lead a large delegation to Kazakhstan and Uzbekistan in early June to explore business opportunities. The trip aims to foster collaboration in finance, trade, infrastructure, tourism, and green development.
JPMorgan has downgraded Indian equities to neutral from overweight, warning the Nifty 50 could fall to 20,500 in a worst-case scenario—a 15% drop from current levels. The brokerage cited high valuations and Iran conflict uncertainty as key concerns, while also flagging risks to company earnings from potential energy supply disruptions. HSBC also downgraded India to underweight, its second downgrade in two months, pointing to rising inflation risks from high oil prices and the ongoing West Asia conflict impacting India's energy-dependent economy.
