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The Reserve Bank of India (RBI) stated that if the rupee depreciates by 5% from its benchmark level, it will push up the overall inflation rate by 40 basis points.

2026-10-07

The Reserve Bank of India (RBI) stated that if the rupee depreciates by 5% from its benchmark level, it will push up the overall inflation rate by 40 basis points.

Other News
2026-10-07

Hong Kong stocks opened lower and extended losses into midday, with the Hang Seng Index down 0.53% and the Hang Seng Tech Index down 0.91%. Large-cap techs led weakness: Alibaba (09988.HK) down over 3%, Baidu (09888.HK) down over 2%, Meituan (03690.H

Hong Kong stocks opened lower and extended losses into midday, with the Hang Seng Index down 0.53% and the Hang Seng Tech Index down 0.91%. Large-cap techs led weakness: Alibaba (09988.HK) down over 3%, Baidu (09888.HK) down over 2%, Meituan (03690.HK) and Xiaomi (01810.HK) down more than 1%. Semiconductor-related names broadly slid: Lanqi Technology (06809.HK) down over 6%, Aixin Yuanzhi (00600.HK) down over 5%, GigaDevice (03986.HK) down over 3%. Biopharma stocks also pulled back, with Ascentage Pharma (06855.HK) down over 6% and CanSino Biologics (06185.HK) and Zai Lab (09688.HK) each down more than 5% at midday.
2026-10-07

JP Morgan chief portfolio manager Sylvia Sheng said higher policy rates will not derail the US economy because a strong AI-driven capex cycle is largely rate‑insensitive. She added financial conditions remain supportive, credit spreads are tight and

JP Morgan chief portfolio manager Sylvia Sheng said higher policy rates will not derail the US economy because a strong AI-driven capex cycle is largely rate‑insensitive. She added financial conditions remain supportive, credit spreads are tight and corporate fundamentals are intact. JP Morgan is constructive on equities, citing robust nominal growth, lower recession risk and a sustained AI capex and earnings cycle. The firm continues to overweight US equities, saying the US offers the broadest and most durable exposure to AI capex and applications and that earnings momentum is spreading beyond early AI beneficiaries; JP Morgan sees further room for AI-related capex expansion.
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