Asian stocks are poised to climb, mirroring Wall Street’s upward trend, fueled by optimistic remarks from Commerce Secretary Howard Lutnick regarding US-China trade talks. Equity futures signal gains in Sydney, Tokyo, and Hong Kong, while Tesla spearheaded advances among megacap stocks. Investors are also closely watching for a key inflation report and Bitcoin’s attempt to breach its record high.
SBI Funds Management seeks Rs 2,000 crore in pre-IPO round
SBI Funds Management, India’s largest mutual fund, is planning a significant IPO, potentially raising up to ₹2,000 crore through a pre-IPO placement. This move precedes