Luxury homes up 9-fold, flats below Rs 1.5 cr fall from 85% to 47% in 4 yrs

First-day gains are getting bigger as investors pile into newly listed Indian shares.

It comes as Beijing is aiming to reshape its economy in the face of a number of challenges.

China’s recent overhaul of the way homes are sold will exacerbate already stretched local government finances, fueling a 30% drop in land sale revenues, Goldman Sachs Group Inc. economists said.

Anak Krakatau spews smoke and ash as cancellations and delays leave more than 170,000 passengers stranded

The South Korean won advanced to its strongest level in nearly two years Monday, helped by a rally in semiconductor stocks and continued foreign inflows into the country’s benchmark equity index.

Indonesia extended airport closures and halted free school meals in some areas as ash from Mount Anak Krakatau continued to disrupt activities.