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Seven die in attack on Pakistan stock exchange

Bloomberg Pakistani security officials killed four gunmen in Karachi before they could enter the stock exchange building with automatic rifles and hand grenades. The attackers were not able to enter the main compound, Farrukh Khan, chief executive officer of the exchange said by phone. The situation is under control now, said Khan. The KSE 100 index, which dropped after news ...

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India stocks drop as Covid-19 cases rise

Bloomberg Indian stocks dropped on concern that increasing coronavirus infections and the extension of restrictive measures in some states will hinder a recovery in Asia’s third-biggest economy, which has just begun to reopen. The S&P BSE Sensex and the NSE Nifty 50 Index both fell 1.4% as of 10:13 am in Mumbai, set for their lowest close in more than ...

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Hedge fund sounds alarm on Korea’s $100bn bio stocks

Bloomberg For those investors lucky enough to have invested in South Korea’s health care sector, now may be the time to reassess the risks. James Lim, a senior analyst at the $3 billion California-based hedge fund Dalton Investments LLC., is warning that retail investors could pull out of the nation’s equity market on unforeseen events such as an earlier-than-expected curb ...

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