Tuesday , November 26 2024

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Stock market settlement time to be advanced by 4 hours

Stock market settlement time to be advanced by 4 hours

The stock settlement cycle is likely to be shortened by four hours, allowing investors to receive their shares on the second morning after buying them. Currently they receive them at 3:30-4 p.m. on the second day (T+2), meaning they have to wait until the next morning to sell it. Trading …

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Services, manufacturing rebound in China after Covid curbs eased

Services, manufacturing rebound in China after Covid curbs eased

China’s factory and services activity picked up in June, official data showed Thursday, fuelled by the easing of Covid-19 restrictions in major cities such as Shanghai and Beijing. The non-manufacturing Purchasing Managers’ Index (PMI), a key gauge of activity in the world’s second-biggest economy, defied expectations and surged to 54.7 …

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