India Bucks Tepid Trend Across Emerging Asia as US Data Awaits
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Markets across much of emerging Asia traded in a narrow range ahead of US payrolls data, with the exception of Indian bonds that swung wildly after a bigger-than-expected interest-rate cut. Bloomberg’s Asia Dollar Spot Index dipped 0.1% on Friday, with the stock benchmarks in Taiwan, Hong Kong, and mainland China also slipping. Bucking the trend was India, where the Nifty 50 advanced and the 10-year bond yield slid...