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Asian shares near four-month peak as BOJ takes the stage

Asian shares reached a near four-month high on Friday as positive U.S. economic data increased expectations that the Federal Reserve has nearly ended its rate-hike campaign. Investors have now shifted focus to the Bank of Japan’s policy meeting. MSCI’s broadest index of Asia-Pacific shares outside Japan increased by 0.31% and is expected to gain 2.5% in the week, its best weekly performance since January. The BOJ is expected to stick with ultra-loose monetary policy despite inflation rising. The CSI 300 Index was 0.3% higher, and the Hang Seng Index gained 0.4%.
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Big movers on D-Street: What should investors do with L&T Finance, RBL Bank and Godrej Properties?

Equity benchmarks, the BSE Sensex and Nifty, ended lower on Thursday due to the Fed’s hawkish comments, which overshadowed the pause in rate hikes. L&T Finance rose 4.72%, RBL Bank dropped 3.78%, and Godrej Properties was up 4.15%. According to Amol Athawale, VP-Technical Research Analyst at Kotak Securities, investors should buy L&T Finance above Rs 113, buy RBL Bank above Rs 175 and buy Godrej Properties on dips.
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Crypto giant Binance’s US affiliate fires staff after SEC charges -sources

Binance.US has reportedly laid off employees in its legal, compliance and risk departments following last week’s SEC charges, according to sources. One informant said that around 50 people were dismissed, but the exact figure remains unverified. The SEC accused Binance.US and its CEO of violating securities laws by misleading investors. It has also sought to freeze Binance.US’ assets of over $2.2bn, citing concerns that they might move offshore. Two Binance.US employees on LinkedIn referred to a “round of layoffs”. Binance says it will defend itself.
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Big Movers on D-Street: What should investors do with Olectra Greentech, ZEE and MRF?

Indian stock markets surged to a six-month high with Sensex rising 400 points and Nifty crossing the 18,700 mark as it reacted positively to macro data and strong global trends. The FMCG sector rose 1.38%, while consumer durables climbed 1.8%. Real estate, too, showed a jump of 2.94%. Stocks such as MRF and Olectra Greentech were among those in focus. Experts at SSJ Finance & Securities recommend buying at the current level and dips of INR 97,000 for MRF and Olectra Greentech, with resistance around INR 940 and selling at INR 201 for ZEE.