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Asian central banks rebuild reserves

  Bloomberg India is leading a charge among Asia’s emerging-market central banks in rebuilding foreign-exchange stockpiles, which would help them defend their currencies if the dollar rebounds. India, South Korea, Taiwan, and Southeast Asian countries have recouped about $132 billion since November — more than half of what they lost last year — by soaking up dollar inflows, with a ...

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Adani rout: Retail investors still keep faith in Indian market

  Bloomberg Individual stock investors in India are keeping faith in the country’s $3.1 trillion equity market even after a punishing selloff in Adani group shares threatened to drag down one of the world’s best-performing indexes since the pandemic. Hanoz Mistri is among the small investors in India who believe the carnage that has wiped off about $131 billion from ...

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China stock decline putting hedge funds’ crowded trade at risk

Bloomberg A gauge of Chinese stocks in Hong Kong slid to the verge of a correction, as a selloff spurred by the geopolitical tensions and doubts over the nation’s economic recovery extended. The Hang Seng China Enterprises Index fell 1.3% on Wednesday, taking its losses from a January 27 peak to more than 9%. A sharp three-month surge in the ...

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