AGP Executive Report
Last update: 28 minutes agoUK Economy: Private-sector growth accelerated in October, with the PMI reaching 52.9 and business hiring returning to growth for the first time in 25 months. Analysts say stronger activity could prompt further Bank of England rate hikes. Auto Demand: South Korean imported-vehicle sales jumped 29.3% year over year in October, with electric vehicles making up 46.4% of registrations. Tesla sales more than doubled, though supply shortages weighed on its monthly total. Agriculture: Bayer plans 17 new biological products in Latin America by 2030, targeting a sector growing 14% annually in the region, compared with 8% globally. Capital Markets: Chinese drugmaker Ganzhou Hemay postponed its planned Hong Kong listing, citing market conditions, and said investors will receive refunds. Investor Sentiment: Taiwan’s Taiex has fallen about 14% from early-October highs as investors reassess AI spending and technology earnings. In India, the Sensex and Nifty extended a five-session rally, each gaining about 5.5%.
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