Major Asian stocks opened lower on Friday, extending falls on Wall Street where higher US Treasury yields, inflation and rising recession fears persisted. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.11 per cent higher.
Benchmark indices Sensex and Nifty ended largely flat on Wednesday, with the 30-share Sensex snapping its three-day gaining streak, while Nifty managed to close marginally
Shares of major Indian textile companies fell up to 6% for a second straight day after Bangladesh signed a trade agreement with the U.S., offering
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