Asian stocks continued to rise as China’s new stimulus measures and record highs in US benchmarks boosted market sentiment. The S&P 500 reached its 42nd closing record this year, while Chinese shares listed in the US surged. Traders await further details on China’s stimulus and upcoming US economic indicators.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.