South Korea’s KOSPI crashes around 11%: Circuit breaker triggered, market sees worst session in 5 months

So far this month, the KOSPI has fallen 29%, surpassing its previous record monthly decline of 27% recorded in October 1997. South Korean equities suffered their steepest one-day decline in nearly five months on Tuesday, with the benchmark KOSPI sliding almost 11% as a global rout in semiconductor stocks battered SK Hynix and Samsung Electronics….

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Hdfc Bank Penalties: ‘Extra payout’ to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

The review found instances of “business overreach” but no evidence of mala fide intent or personal gain MUMBAI: HDFC Bank’s board on Monday imposed a penalty of Rs 1 lakh each on managing director & CEO Sashidhar Jagdishan, chief financial officer Srinivasan Vaidyanathan and group head of retail assets Arvind Vohra, and also issued warning…

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Access to bond markets must be widened: RBI

MUMBAI: Bond markets need more depth and not just scale so that more enterprises can access market-based finance as the bank-led model will not be sufficient to meet future financing needs, RBI deputy governor Rohit Jain said. He emphasised that this will require more discerning investors to assess levels of risks.“A wider range of enterprises…

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