Manappuram Finance surged 17% in a month as Bain Capital’s Rs 4,385 crore investment boosts governance and growth prospects. Analysts upgrade stock, expecting expansion in gold loans, mortgages, and vehicle financing despite competition and asset quality concerns. Regulatory approvals pending.
South Korea’s KOSPI drops 7% as global chipmaker selloff deepens
South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK