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Traders: The Reserve Bank of India sold dollars in the foreign exchange market to support the rupee.

2026-08-19

Traders: The Reserve Bank of India sold dollars in the foreign exchange market to support the rupee.

Other News
2026-08-19

China A-share beverage manufacturing sector slipped intraday; Yiming Food hit the daily limit down, with Huangshi Group, Western Animal Husbandry, Weilong, Juneyao Health and Sanyuan follow lower.

China A-share beverage manufacturing sector slipped intraday; Yiming Food hit the daily limit down, with Huangshi Group, Western Animal Husbandry, Weilong, Juneyao Health and Sanyuan follow lower.
2026-08-19

MORGAN STANLEY says Xiaomi Group (01810.HK) reported Q2 adjusted net profit of RMB 6.219 billion, down 43% YoY and up 2% QoQ. Smartphone revenue and gross margin materially beat the bank's expectations; electric vehicle and IoT revenue slightly misse

MORGAN STANLEY says Xiaomi Group (01810.HK) reported Q2 adjusted net profit of RMB 6.219 billion, down 43% YoY and up 2% QoQ. Smartphone revenue and gross margin materially beat the bank's expectations; electric vehicle and IoT revenue slightly missed. Management said storage price rises should normalize in H2, which would lessen the negative impact on handset margins. MORGAN STANLEY expects smartphone gross margins to remain resilient in H2 and views this as a potential positive surprise and re-rating catalyst. Firm maintains Overweight rating and HK$32 target price.
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