Manappuram Finance’s shares dropped 21% after the Reserve Bank of India took regulatory action against its subsidiary, Asirvad Micro Finance. The RBI ordered Asirvad to stop loan sanctions and disbursals. Asirvad contributes 27% to Manappuram’s assets under management. Investors should observe management actions to address these concerns and monitor stock movements around key support levels.
Japan’s Nikkei hits record high as chip-related shares jump
Japan’s Nikkei stock index reached a new record high today. Chip-related stocks drove the gains, overshadowing declines in financial and other sectors. This surge mirrors