Asian stocks declined amid concerns over high Wall Street valuations, triggered by strong US economic data and mixed signals from Federal Reserve officials regarding potential rate cuts. The dollar strengthened, while the yen weakened. Investors are now closely watching the upcoming inflation report, which will influence the Fed’s future policy decisions, adding to market uncertainty.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000