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From the Sensex stocks, Infosys, JSW Steel, Tata Steel, HCL Tech, and Sun Pharma opened with gains, while only Axis Bank, Nestle, Bharti Airtel, and Power Grid opened with cuts.
China’s stocks and its economy have been slammed by the draconian restrictions.
Battered Chinese investors sell heirlooms Bloomberg China’s slew of retail investors that piled into mutual funds in the past year are now offloading prized heirlooms as they cope with losses they have suffered under the nation’s US$1 trillion stock market rout. More than 200,000 users have flocked to Chinese online resale platform Xianyu (閒魚) in the past week, seeking to offset losses from their mutual fund investments by putting precious possessions for sale, according to a statement posted on Friday on the marketplace affiliated with Alibaba Group Holding Ltd (阿里巴巴). Xiany...