Recent box office hits drive rebound for multiplex companies
Trade analysts are of the view that the momentum in box office collections will continue to remain unabated for the next few weeks, buoyed by the huge response to the Rajinikanth-starrer Jailer and the Sunny Deol-starrer Gadar 2 and two upcoming potential mass entertainers – Shah Rukh Khan-starrer Jawan and Ayushmann Khurrana’s Dream Girl 2.
Asia stocks stall, yuan slips as China cuts rates
The U.S. dollar hovered near 2023 highs on Asian currencies on a combination of rising U.S. Treasury yields and nervousness about the extent of crisis in China’s property industry, which has been dragging down the yuan in spite of official resistance.