Credit: Reuters India - Published 5 hours ago Wall Street stocks posted modest gains on Monday as signs suggesting the U.S. economy may be on the road to recovery helped soothe jitters over increasingly violent social unrest and rising U.S.-China tensions. »more
Indian shares ended up over 2% on Monday in a broad-based rally, gaining for a fourth straight session, as optimism around imminent reopening of Asia's third largest economy after a months-long coronavirus lockdown boosted investor sentiment.
Demonstrations and riots have spread to cities across the US after a video went viral of Floyd being suffocated to death by a white police officer in Minneapolis on May 25.
Hong Kong had no plans to change its currency's peg to the U.S. dollar and the Asian financial hub has not seen any "obvious" capital outflows after Washington moved to strip the city of its special status in U.S. law, the city's finance secretary said.
