Contracts for Japanese, Australian and Hong Kong benchmarks all declined after the S&P 500 closed 2.2% lower and the Nasdaq 100 dropped 3% Wednesday. Gold opened higher early Thursday after rising 3.5% to a record in its previous session. Treasuries rallied across the curve, sending the 10-year yield six basis points lower to around 4.28%. US equity index futures were little changed in early Asian trade.
Axis Bank set to raise $700 million through ECB swap facility
Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of