Fortune (June 21)
“Nvidia became the world’s most valuable company” earlier this week. Moreover, Nvidia’s market cap of $3.35 trillion “single-handedly eclipses all of Europe’s stock markets in market capitalization.” According to Deutsche Bank, “the chipmaker’s valuation outstrips that of all listed stocks in Europe’s major business hubs—Germany, France, and the U.K.” Currently the “only markets whose listed shares are collectively larger than Nvidia’s are those of the U.S., India, China, and Japan”
Tags: $3.35 trillion, China, Chipmaker, Company, Deutsche Bank, Europe, France, Germany, India, Listed stocks, Market-cap, Nvidia, Outstrips, Stock markets, U.K., U.S., Valuable, Valuation
Financial Times (June 5)
“India’s benchmark Nifty 50 rose 2.3 per cent following a sharp sell-off on Tuesday after a shock election result.” Meanwhile “Japan’s Topix index led losses as it dropped 1.4 per cent, driven lower by a decline in the financial and energy sectors. The yen was the region’s worst-performing currency as it fell 0.6 per cent against the dollar to ¥155.75.”
Tags: Benchmark, Currency, Decline, Election, Energy, Financial, India, Japan, Nifty 50, Sell-off, Shock, Topix, Worst-performing, Yen
Reuters (June 4)
“India may no longer be Narendra Modi’s” and any coalition government he can form will likely end “a decade of extraordinary stability.” While the elite have cheered Modi’s economic reforms, “India’s world-beating GDP growth is not trickling down to the masses fast enough: after a decade of Modi, most of the population are still poor enough to qualify for the government’s free food scheme.” In addition to income disparity, “many Indians feared his authoritarian streak and potential far-reaching changes to the secular constitution.”
Tags: Authoritarian streak, Coalition government, Economic reforms, Elite, Free food, GDP growth, Income disparity, India, Modi, Poor, Population, Secular constitution, Stability
Financial Times (April 14)
“Momentum in economies including the US and India has been picking up in recent months, helping stoke optimism that global growth in 2024 will modestly outpace last year’s reading…. providing a bright spot amid a largely lacklustre global economic backdrop .”
Tags: 2024, Bright spot, Economies, Global growth, India, Momentum, Optimism, Outpace, U.S.
Fortune (March 23)
“Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s, underscoring Beijing’s challenges to spur its economy. It also has to contend with a steadily accelerating outflow of manufacturing as Apple and other American brands begin to position new capacity in countries from India to Southeast Asia to mitigate risks from US-China tensions.”
Tags: 1990s, Accelerating, Apple, Beijing, Brands, Capacity, Challenges, China, Economy, FDI, India, Investment, Manufacturing, Mitigate, Outflow, Risks, U.S.
CNN (March 18)
“All but one of the 100 cities with the world’s worst air pollution last year were in Asia… with the climate crisis playing a pivotal role in bad air quality that is risking the health of billions of people worldwide.” Of these, 83 cities “were in India and all exceeded the World Health Organization’s air quality guidelines” for PM2.5 “by more than 10 times.”
Tags: Air pollution, Asia, Cities, Climate crisis, Guidelines, Health, https://edition.cnn.com/2024/03/18/climate/air-pollution-report-2023-asia-climate-intl-hnk/index.html Worst, India, PM2.5, Quality, Risking, WHO
Wall Street Journal (March 19)
“Foreign investors have increasingly shifted their investments to India from China in recent years, partly because of concerns over Beijing’s unpredictable policy moves and China’s sputtering economy.” The shift doesn’t necessarily shield them. “A recent clampdown on one of India’s biggest financial technology companies rattled investors and serves as a reminder that New Delhi can also make sudden moves with a hefty impact on companies and market value.”
Tags: Beijing, China, Clampdown, Concerns, Economy, Financial, Foreign, Impact, India, Investments, Investors, Shift, Shifted, Sputtering, Technology, Unpredictable
Bloomberg (January 19)
“Chinese stocks just capped another dismal week…. Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high.”
Tags: Asset management, China, Closures, Dismal, Equity market, Grim, Havoc, India, Meltdown, Milestones, Mutual fund, Premium, Record, Shanghai, Shares, Stocks, Tokyo, Valuation
Wall Street Journal (January 17)
“China last year ceded its centuries-old position as the world’s most populous country to India.” Births in 2023 fell by over half a million, “to just over 9 million in total, accelerating the decline in the country’s population as women shrugged off the government’s exhortations to reproduce.”
Tags: 2023, Accelerating, Births, Ceded, China, Decline, Exhortations, Government, India, Population, Populous, Shrugged, Women
Investment Week (October 11)
“European and US IPO activity has shown ‘signs of thawing’ throughout 2023, as the number of issuances slowly rise,” though hesitance is expected to remain until economic stabilization more fully materializes. The same data from PwC’s latest IPO Watch revealed “mainland China continued to dominate IPO numbers throughout last quarter, accounting for almost 35% of global IPO issuance and raising $11.7bn, followed by the US ($9.3bn) and India ($2.3bn).”
Tags: 2023, China, Dominate, Economic stabilization, Europe, India, IPO, IPO Watch, Issuances, PwC, Thawing, U.S.
