The Nifty50 formed a triple bottom around 22,780 on the daily scale, indicating strong support. However, the red candle on both the daily and weekly charts signals a lack of strength in the upside recovery, according to experts.
The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly declines, as
Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Aden.
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