Stocks

• Several Indian banks, including IndusInd Bank, AU Small Finance Bank, IDFC First Bank, and Federal Bank, experienced their widest exchange price gaps in decades. • The BSE Bankex gauge dropped as much as 3.3% during the auction process before recovering to close 1.7% lower. • These discrepancies were exacerbated by thin liquidity and the monthly expiry of the 14-member bank index.

• Asian stocks, specifically equity-index futures for South Korea and Hong Kong, are expected to open lower on Friday, August 28, while Japanese futures remain flat. • The cautious sentiment follows a rally in US technology stocks driven by a strong outlook from Nvidia. • Investors are bracing for a speech by US Federal Reserve chair Kevin Warsh at the Jackson Hole symposium, with many anticipating a hawkish tone regarding monetary policy.

• Global stock markets mostly rose on Friday as investors sought guidance on future interest rate trajectories amid persistent inflation. • Market attention has shifted from the recent euphoria surrounding Nvidia's strong earnings report to an upcoming policy speech by US Federal Reserve Chair Kevin Warsh. • Asian equity markets showed mixed results, with gains in Tokyo and Hong Kong offset by retreats in Seoul and Shanghai as tech firms struggled to maintain their rally.

• Asian stock markets showed mixed results on Friday, with South Korea's KOSPI falling as the recent technology rally cooled ahead of upcoming economic data. • While the Shanghai Shenzhen CSI 300 dipped 0.1%, Mainland Chinese markets are positioned for an overall weekly gain of over 1% driven by positive corporate earnings. • Other regional indices saw modest gains, including Australia's ASX 200 rising 0.5%, Hong Kong's Hang Seng adding 0.3%, and Singapore's Straits Times index increasing by 0.2%.

• US stock indices remained steady on August 28, 2026, as investors reacted to Federal Reserve Chairman Kevin Warsh's address at the annual Jackson Hole symposium in Wyoming. • During his speech, Warsh warned policymakers and economists that inflation risks remain persistent, contributing to a cautious mood across the markets. • The subdued trading session was further influenced by a combination of mixed corporate updates and fluctuating commodities data.

• Major U.S. stock indices rose today, with the Nasdaq 100 leading gains at +1.03%, followed by the S&P 500 at +0.59% and the Dow Jones Industrial Average at +0.33%. • The market rally was primarily driven by strong earnings reports from the technology sector, providing broad support across equity benchmarks. • Positive momentum extended into the futures market, where E-mini S&P futures (ESU26) increased by +0.55%.

• Most Asian stocks rose on Friday, August 28, as investors shifted their focus from recent Nvidia earnings euphoria back to macroeconomic indicators. • Markets are closely monitoring an upcoming speech by Federal Reserve official Kevin Warsh for signals regarding the future outlook of U.S. interest rates. • The economic climate remains volatile due to persistent inflation and the ongoing crisis in the Middle East, fueling debate over potential monetary policy tightening.