Hong Kong’s main technology park operator and Saudi Arabia’s start-up incubator have agreed to collaborate, giving fintech companies in the city access to financing from a Middle East fund to pursue their growth ambitions. Hong Kong Science and Technology Parks (HKSTP) and Beta Lab signed an agreement in Riyadh on Tuesday as the annual Future…
The festive month of October has recorded the worst-ever selling by foreign institutional investors (FIIs) who have decamped with nearly $10 billion worth of investments from the Indian stock market beating the $7.9 billion sale seen during the Covid-led market crash in March 2020. Although it comes on a higher base, October is turning out…
The onset of the festive season didn’t bring the cheer India’s stock market investors had hoped for. They turned poorer by ₹11 trillion on record foreign investor outflows amid a sharp bounce back in Chinese stocks following recent fiscal and monetary stimulus measures, escalating tensions in West Asia, and expensive share valuations. These factors coincided…
Emerging market investors, who minted money following the mantra of ‘Buy India, Sell China’ in the last 2 years, are now beginning to take reverse steps following Beijing’s bazooka stimulus for rescuing the economy and markets. After languishing against other EM peers, the Chinese stock market has roared back to life with CSI300 jumping 25%…