India’s entry into JPMorgan’s GBI-EM index is set to reshuffle $11 billion from various markets, impacting South Africa, Poland, Thailand, Czech Republic, Chile, and the EMEA region. With Russia’s exit, China, Indonesia, and Mexico maintain stable weights, affecting Latin America and boosting EM Asia.
US stocks: Nasdaq ends down as chipmakers fall and bank earnings roll in
In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like