Asian stocks saw a modest rise in thin holiday trading, influenced by a volatile US session and concerns over the AI outlook. Investors are closely watching the Federal Reserve’s interest rate path, with mixed signals from officials regarding potential cuts. Attention also turns to the Reserve Bank of New Zealand’s policy decision later today.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The