In today’s briefing:
- Ohayo Japan | Nvidia Surpasses $3 Trillion
- Thematic: India Elections and Crisis Investing
- #12Business Buzz: Nvidia’s Stock Split, TotalEnergies’ UK Power Play, Tencent’s Singapore Shift
- #8 India Insight: Novelis IPO Postponed, TMFL Merger, Angle One Client Growth, NSE World Record
Ohayo Japan | Nvidia Surpasses $3 Trillion
- The S&P 500 surged to a new high of 5,354.03, driven by Nvidia’s record-breaking performance and optimism around potential Federal Reserve rate cuts
- Japanese space debris remover Astroscale achieved a $1 billion market valuation on its Tokyo Stock Exchange debut.
- Shares of Lasertec fell 9% to 35,130 yen on June 5, closing 8% lower at 35,560 yen. The drop followed a report by Scorpion Capital alleging fraudulent accounting.
Thematic: India Elections and Crisis Investing
- The Indian market saw correction due to a lower mandate for the ruling government in the current elections hinting towards moderate policy-level reforms.
- Election outcome is having impact on ruling government’s various agendas and reforms.
- Historical trends suggest this crisis creates opportunities for long term investing
#12Business Buzz: Nvidia’s Stock Split, TotalEnergies’ UK Power Play, Tencent’s Singapore Shift
- Nvidia’s stock soars 15%, aiming to make shares more accessible
- TotalEnergies invests £450 million in UK power plant, enhancing renewables
- Consolidation trend observed in Singapore’s office market amid tech shifts
#8 India Insight: Novelis IPO Postponed, TMFL Merger, Angle One Client Growth, NSE World Record
- Hindalco Industries (HNDL IN) Postpones Novelis Corporation (0620365D US) IPO Amid Market Considerations
- Tata Motors Ltd (TTMT IN)‘s Tata Motors Finance to Merge with Tata Capital
- National Stock Exchange (NSEIN IN) Sets World Record for Highest Number of Transactions in a Single Day