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Local sentiment and Stock price impact: The banking stocks in EMs

Synopsis: Usually, when global factors affect investor sentiment, the financial services stocks are the first to react in many emerging markets. EMAlpha looked at the stock price of some major BFSI plays to see how they have performed over the last one-month vis-à-vis their EMAlpha local sentiment score. We analyzed Banco Bradesco of Brazil, ICBC (Industrial and Commercial Bank of China Limited), Hong Kong Exchanges and Clearing Limited, State Bank of India, and Bank Mandiri of Indonesia. The extent might vary, but in most of these cases, there is an impact of worsening local sentiment score on their stock price movement.

The Covid-19 Induced Global Chip Shortage

When Covid-19 hit the world in early 2020, a pall of gloom hung over the global economy and uncertainty ruled the day. The future was pretty much unchartered and countries and companies around the globe started swinging in the dark. The current chip shortage is the result of the unexpected ways in which the global industries’ demand has played out for the chips.

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