China’s healthcare stocks have slumped to their cheapest level ever, as a rush into local artificial intelligence beneficiaries draws capital away from defensive sectors. The CSI Health Care Index is now trading at about 2.7 times price to book, slipping below even the low set during the global financial crisis. Meanwhile, a popular index of Chinese tech stocks trades at around 8 times. The extrem...
China’s healthcare stocks have slumped to their cheapest level ever, as a rush into local artificial intelligence beneficiaries draws capital away from defensive sectors. The CSI Health Care Index is now trading at about 2.7 times price to book, slipping below even the low set during the global financial crisis. Meanwhile, a popular index of Chinese tech stocks trades at around 8 times. The extreme gap reflects a widening fear-of-missing out on the AI boom, as funds retreat from consumer and healthcare to pile into semiconductors and computing infrastructure. The health gauge itself is only trading near its lowest since September 2024, indicating stronger financial fundamentals than prices indicate. While AI is benefiting from Beijing’s recent push to gain ground in the global technology race, healthcare remains firmly tied to the policy agenda as well. The latest policy blueprints, including the 15th Five-Year Plan and the 2026 government work report, continue to frame biopharmaceuticals and related fields as strategic emerging industries and future growth engines.
(RTTNews) - Indian shares may drift lower on Wednesday as a recovery in global chipmaking stocks fizzled out, hopes for a U.S.-Iran peace deal faded and investors shifted focus to upcoming U.S. CPI data for valuable insights into market expectations for future interest rates.
(RTTNews) - Indian shares may drift lower on Wednesday as a recovery in global chipmaking stocks fizzled out, hopes for a U.S.-Iran peace deal faded and investors shifted focus to upcoming U.S. CPI data for valuable insights into market expectations for future interest rates.
Market Snapshot USD/INR ₹95.35 -0.4% Nifty 50 Index 23,242.10 +0.5% India 10-Year Bond Yield 6.91% -0.05 Spot Gold ($/oz) $4,184.71 -1.8% S&P 500 Futures 7,376.25 -0.2% Market data as of 08:14 AM IST, Jun. 10, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Rajesh Mascarenhas in Mumbai with your key market updates before start of the trade. T...
Market Snapshot USD/INR ₹95.35 -0.4% Nifty 50 Index 23,242.10 +0.5% India 10-Year Bond Yield 6.91% -0.05 Spot Gold ($/oz) $4,184.71 -1.8% S&P 500 Futures 7,376.25 -0.2% Market data as of 08:14 AM IST, Jun. 10, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Rajesh Mascarenhas in Mumbai with your key market updates before start of the trade. The Nifty found some footing on Tuesday, snapping a two-day losing streak, with banks at the forefront of the recovery. The overnight cues from global markets are mixed. Oil edged higher after initially dropping below $90 per barrel on prospects of a US-Iran deal, while US investors continued to rotate out of richly valued tech stocks and into sectors more closely tied to the economy. That could be a positive for India, where banks and other domestically-focused sectors, that make up a large chunk of the Nifty, have been holding up far better than IT. Futures on the Nifty indicate a firm opening, even as software shares may come under pressure. The biggest hurdle for stocks remains foreign selling, which is making it harder for rallies to sustain. There was some more encouraging news for the rupee — the government is considering additional measures to attract foreign capital, as policymakers look to strengthen external finances. In today’s newsletter, we explain why: Bank shares are rallying Telcos profit margins may expand Power transmission firms could benefit But first, the debt market is getting a boost from the RBI’s latest liquidity move. Markets Buzz: Short-End Surge Short-term sovereign bonds gained for a fourth straight session on Tuesday, their longest winning run in seven months. The advance has been driven by expectations that foreign-currency deposits raised under the RBI’s concessional swap facility will find their way into short-term assets. Over the past four days, yields on the five-year government bonds have fallen about 31 basis points, aided by relief aft...