Asian stocks showed signs of losing momentum Friday, with indexes opening lower in South Korea and Japan, while global equities remained flat. Investors are closely watching Chinese stocks after JPMorgan upgraded its recommendation, and are also focused on the yen’s stability amid steady Tokyo inflation and potential Bank of Japan rate hikes.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO