Wednesday, 27 May 2020 Here's the latest for Wednesday, May 27th: U.S. on cusp of at least 100K deaths from virus; History to be made as House is set for proxy voting; Biden calls for justice in "horrific" Floyd death; Pompeo says Hong Kong is no longer autonomous from China.
Equity benchmark indices continued their upward momentum on Friday but the gains in IT and realty sectors were capped by PSU banks. At the closing bell, the BSE SandP Sensex was up by 178 points or 0.5 per cent at 36,021 while the Nifty 50 edged higher by 56 points or 0.53 per cent at 10,607. Sectoral indices at the National Stock Exchange were mixed with Nifty IT and realty gaining by 1 per cent each but PSU bank down by 0.9 per cent. Among stocks, Eicher Motors was up by 4.18 per cent at Rs 19,121 per share while Hero MotoCorp accelerated by 2.6 per cent, Bajaj Auto by 1.9 per cent and Tata Motors by 1.8 per cent. Adani Ports closed 4.1 per cent higher at Rs 361 per share. Tata Consultancy Services gained by 1.7 per cent while Bharti Airtel and Bharti Infratel were up by 4 per cent and 1.8 per cent respectively. Reliance Industries edged higher by 1.53 per cent to Rs 1,785.50 per share after Intel Corp said it will invest Rs 1,894 crore in Jio Platforms in exchange for a 0.39 per cent stake, the latest big-ticket investment in its digital unit. But metal stocks fell with JSW Steel and Tata Steel down by 1.7 per cent each and Hindalco by 1 per cent. IndusInd Bank, HDFC Bank, Bajaj Finance and Bajaj Finserv too traded with a negative bias. Meanwhile, Asian shares rallied to a four-month high on robust US payrolls data and a brisk pickup in Chinese service sector activity. Shanghai Composite closed 2.01 per cent higher. Japan's Nikkei rose by 0.72 per cent while Hong Kong's Hang Seng was up by 0.99 per cent.
Hong Kong pro-democracy activists are discussing a plan to create an unofficial parliament-in-exile to keep the flame of freedom alive and send a message to China that freedom cannot be crushed, campaigner Simon Cheng told Reuters on Thursday (July 2). Soraya Ali reports.
Labour leader Sir Keir Starmer has said that his party agrees with the course of action that the government has set out following the announcement of Hong Kong’s “shocking” security law. Report by Patelr. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
[NFA] Just hours after White House trade adviser Peter Navarro said the trade deal with China was 'over,' he walked back his comments -- which had in the meantime sent financial markets into a frenzy. Gloria Tso reports.
US Secretary of State Mike Pompeo on Friday criticized the Chinese Communist Party (CCP) for not only displaying its "rogue" attitude in its neighbourhood, particularly the recent escalation of border tension with India, but also for "pushing disinformation and malicious cyber campaigns so as to drive a wedge between the US and Europe.". "I think all across the world it's becoming more apparent each and every day. Chinese Communist Party decreed an end to freedom in Hong Kong, violating UN-registered treaty and rights of its citizens-one of many int'l treaties that the Chinese Communist Party has violated," Pompeo said during an online conference on democracy held in Copenhagen, Denmark.
Joe Biden has not selected a vice president for his 2020 campaign. He pledged to chose a woman for his ticket. Elizabeth Warren is campaigning hard to be Biden's running mate. But, a new poll of Democratic voters could be bad news for the senator. According to Fox News 19% found her to be a “not acceptable” choice, the highest negative rating of any of the 11 candidates listed. Her negative views rose among white voters.