Stocks
KOSPI opens at fresh record high above 7,900
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South Korean stocks opened at a fresh record high above 7,900 points on Tuesday, propelled by gains in major chipmakers. The KOSPI rose to 7,953.41 at the opening bell, marking the first time the index has crossed the 7,900 level.
The Egyptian government has confirmed plans to list four Armed Forces-affiliated companies on the Egyptian Exchange during a Wednesday meeting chaired by Prime Minister Mostafa Madbouly.
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Investor interest in unlisted shares has declined sharply, pushing trading volumes down by as much as 70 percent. Lower prices and fewer new offerings have contributed to the slowdown. Activity remains steady for some popular companies, though demand has weakened in certain sectors.
Several brokerages have identified 10 largecap stocks in India with significant upside potential despite rising oil prices from the US-Iran war. Crude oil has surpassed $125 per barrel, fueling inflation fears and market uncertainty. Stocks like HDFC Bank and Bharti Airtel top the lists from firms including Jefferies and Axis Direct.
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Seeking Alpha has published a list of the top 25 high-growth dividend stocks for May 2026. The selection targets quality companies trading about 29% below their intrinsic value, with strong dividend growth and potential returns of 21% per year.
Sun Pharmaceutical Industries' shares surged more than 9% following the announcement of its $11.75 billion acquisition of US-based Organon & Co. The deal targets bolstering the Indian company's innovative medicines and positioning it strongly in biosimilars and women's health markets. Organon is recognized as a global leader in women's health.
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Shares of Union Bank of India dropped 10% over two days following the release of its fiscal fourth quarter results for 2026. Despite a rise in net profit, the earnings disappointed brokerages due to weak net interest income and a sharp increase in provisions. Analysts expressed caution over elevated credit costs and limited near-term upside.
Foreign investors sell over Rs 2 lakh crore of Indian equities in 2026 so far
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