Articles by Daniel Marsh
JSE Plunges 9% on Oil Spike and Global Risk Aversion
South African equities tumbled roughly 9.2% for the week, retreating from a record high as rising oil prices and global risk aversion triggered a sell-off. The rand weakened past 16.72/USD while bond yields surged.
Jakarta Market Plunges on Credit Downgrade, MSCI Warning
Indonesian equities extended their decline last week, with the benchmark index losing 7.85% in market value after Fitch Ratings revised the country's credit outlook to negative. Foreign investors pulled hundreds of millions of dollars amid heightened policy uncertainty.
Korean Markets Reel After Historic Plunge, Stabilization Fund Deployed
South Korea's benchmark KOSPI index suffered its worst weekly loss in years, plummeting over 11% amid a historic single-day crash. The government has activated a $68 billion stabilization fund to stem the bleeding.
ASX 200 Plunges 3.8% Amid Geopolitical Tensions and Rate Fears
Australian equities suffered a sharp 3.8% weekly decline, erasing approximately A$130 billion in market value. The sell-off was driven by escalating Middle East tensions and heightened expectations for RBA rate action.
Taiwan Market Plunges on Geopolitical Jitters, Foreign Exodus
Taiwan's stock market suffered a severe weekly decline, with the TAIEX dropping over 1,800 points as foreign capital fled and chip stocks like TSMC tumbled on Middle East conflict and inflation concerns.
FTSE 100 Plunges 5.7% in Worst Weekly Drop Since April 2025
The FTSE 100 tumbled 5.7% this week, its steepest fall since April 2025, driven by soaring oil prices and diminished expectations for a Bank of England rate cut. Energy stocks gained while airlines and miners sold off sharply.
Shanghai Rally Stalls as Geopolitics, Policy Shift Weigh on Markets
The Shanghai Composite Index fell 0.9% this week, retreating from a decade peak as Middle East tensions and China's measured policy signals cooled investor sentiment. The CSI300 dropped 1.1%, while Hong Kong's Hang Seng slumped 3.3%.
Indian Markets Plunge as Oil Spike Triggers Sharp Selloff
Indian equities suffered their steepest weekly decline in more than a year, with the Nifty 50 and Sensex both dropping 2.9%. The rupee breached 92 against the dollar, prompting a significant RBI intervention to stabilize the currency.
Shenzhen ChiNext Reforms Unveiled Amid Weekly Market Declines
Chinese regulators announced updated listing standards for Shenzhen's ChiNext board to attract innovative firms, yet major indices posted weekly losses. The Shenzhen Component dropped 2.2%, while the Shanghai Composite declined 0.9%.
GlobalData Upgrades to LSE Main Market as MiniMax, Cinemark Show Divergent Paths
GlobalData Plc has moved to the London Stock Exchange's Main Market, marking a strategic milestone. Meanwhile, MiniMax Group shares rally on AI optimism despite financial concerns, and Cinemark Holdings appears undervalued amid strong momentum.
MakeMyTrip Acquires Majority Stake in Regional Tour Operator Flamingo
MakeMyTrip has agreed to acquire a controlling interest in regional tour operator Flamingo Transworld, strengthening its position in the growing holiday packages segment. The deal comes as the company's hotel and packages revenue rose 9.7% last quarter.
Cintas Nears $5.2B Acquisition of UniFirst at $275/Share Premium
Cintas is reportedly close to finalizing a $5.2 billion acquisition of UniFirst at over $275 per share, representing a 64% premium. UniFirst shares surged 13.6% in premarket trading following the report.