Adani Enterprises plunges as rout deepens in Hindenburg fallout; Asia stocks mixed
Publishing timestamp: 2023-02-03 02:04:36
Summary
Stocks in Asia-Pacific traded mixed on Friday as shares of Adani Enterprises plunged nearly 20%. Nifty 50 in Mumbai traded 0.1% higher despite Adani companies continuing to drop sharply, while S&P Sensex rose 0.4% in its early hours of trade. Hong Kong's Hang Seng index fell 1.5%. In mainland China, the Shanghai Composite fell 1.2% and the Shenzhen Component lost 1.2%. Adani Group founder and chairman Gautam Adani's net worth fell further overnight, and now sits at #21 on Bloomberg Billionaires Index. Overnight in U.S., major indexes on Wall Street saw rally driven by technology stocks. Hong Kong's new global promotional campaign will "kickstart" city's reopening to international travelers. Adani Enterprises will be removed from Dow Jones Sustainability Indices, effective Feb. 7. Travel between mainland China and Hong Kong as well as Macao will fully resume on Feb. 6. China's service sector showed rebound in first month of 2023 according to Caixin/S&P Global services purchasing managers' index
Sentiment: MIXED
Tickers: .DXY, .NSEI, .N225, ADANIENT-IN, META, JPY=, .AXJO, .SSEC, AUD=, .SZI, @CL.1, .KS11, @LCO.1, .HSI,
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Source: https://www.cnbc.com/2023/02/03/asia-markets-set-to-rise-after-wall-streets-tech-fueled-rally.html