Japanese investors sold a record amount of foreign bonds in the week through March 8, driven by concerns over the Eurozone debt market and Germany's plans for increased fiscal spending. Meanwhile, they took advantage of a stronger yen to boost their position in foreign shares, which were available at reduced prices following a recent global selloff.
Asian stocks had a mixed start to the week as uncertainty over President Trump's tariff plans persisted, with China leading losses and Japan edging higher amid trade talks. Wall Street rebounded on Friday after a volatile week, with the Federal Reserve Chair easing market worries and the U.S. job market showing signs of strength.
India is gearing up for Hyperloop transportation, with the electronics component technology for the project to be developed at the Integral Coach Factory in Chennai. Union Minister Ashwini Vaishnaw expressed confidence in the technology's progress and praised the young innovators involved in its development.
Andhra Pradesh's IT Minister, Nara Lokesh, interacted with sanitary workers in Mangalagiri, assuring them that their problems would be addressed and promising to transform the area into the country's cleanest corporation. He also announced the construction of houses, washrooms, and an ESI hospital for the workers.
Meghalaya Chief Minister Conrad K Sangma has been re-elected as the President of the National People's Party (NPP) for a three-year term. Sangma expressed his gratitude to the party members and reaffirmed his commitment to strengthening the party and working towards its national and regional prominence.