Key barometers snapped four-day rising streak on Wednesday, as weakness in other Asian stocks triggered profit selling in the domestic market. Asian stock markets came under selling pressure after US Treasury Secretary said that the United States would continue tariffs on Chinese goods until the completion of a second phase of a US-China trade agreement. The government will release India’s trade data for December 2019 at 18:00 IST today, 15 Wednesday 2019.
South Korea’s Hyundai Motor Co unveiled the first sport-utility vehicle (SUV) under its Genesis brand on Wednesday, a move analysts said was crucial for the premium marque’s expansion in overseas markets.European shares were flat on Wednesday ahead of the signing of an initial trade deal between Washington and Beijing, as comments from the U.S. Treasury Secretary on China tariffs somewhat dimmed optimism.STOXX rose 0.01%.
Bank of Baroda has executed a share purchase agreement, for sale of its entire equity stake of 10 percent in Equifax Credit Information Services Private Limited. The construction arm of L&T has secured orders from prestigious clients across various Indian states for its varied businesses. Canara Bank called off the divestment process of its entire stake in Can Fin Homes, which was under the progress. The bank has 30% stake in Can Fin Homes. Pidilite Industries incorporated a JV to carry on the business of manufacturing, processing and distribution of technical mortars and other materials used in construction. Sun Pharmaceutical Industries announced that one of its wholly owned subsidiaries has entered into exclusive licensing and supply agreements with Rockwell Medical Inc. (Rockwell), to commercialize Rockwell’s Triferic, a proprietary iron replacement and haemoglobin maintenance drug, for treating anaemia in hemodialysis patients in India. Triferic is approved in USA.
Japan stocks were lower after the close on Wednesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares lower. The Nikkei 225 fell 0.45%. Australia stocks were higher after the close on Wednesday, as gains in the Gold, Industrials and Energy sectors led shares higher. The S&P/ASX 200 gained 0.47% to hit a new all time high. China’s Shanghai Composite and the Shenzhen Component dropped 0.6% and 0.5% respectively
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