Nomura initiated coverage on HDFC AMC, Nippon Asset Management, and UTI AMC with buy and neutral ratings, respectively. Target prices were set at Rs 5,000, Rs 785, and Rs 1,300, respectively. Nomura expects Indian AMCs to maintain their valuation premium due to higher growth potential and better profitability.
South Korean shares hit record as chipmakers surge on OpenAI deal
South Korean shares soared to a record high on Thursday, driven by a significant surge in chipmakers Samsung Electronics and SK Hynix. Both companies secured