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.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.