Rishi Sunak’s victory in the UK PM race, softer PMIs allowed equity buyers to remain hopeful.
While portraying the mood, MSCI’s index of Asia-Pacific shares outside Japan drops 4.5% intraday to a 2.5-year low. However, Japan’sAmid these plays, Reuters stated that the Asian benchmark is nursing losses of nearly 32% so far this year, weighed by big falls in Hong Kong shares while emerging markets such as India and Indonesia have gained on improving growth prospects.
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