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The US Federal Reserve's rate cut sets the stage for increased FII inflows into Indian equities, driven by strong domestic fundamentals and festive demand. Despite recent selling due to high valuations, further rate cuts and supportive policies may lure investors back. Sectors like automobiles, consumer durables, and metals are expected to outperform, while gold and silver present unique investment opportunities.
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Southern China is bracing for Super Typhoon Ragasa, one of the strongest in years, prompting school and business closures, and flight cancellations. The typhoon, packing winds of 143 mph, is expected to make landfall in Guangdong province.
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In New Zealand, Hakyung Lee faced trial for the murder of her two children. The bodies were discovered in suitcases years after the crime. Lee fled to South Korea but was extradited. She denied the charges, claiming insanity. The jury rejected her defense. Prosecutors argued Lee acted selfishly. She will remain in custody until sentencing in November.
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