Nirmal Bang Securities Pvt. Ltd. - Daily Report - 211009

[equityresearch]

Asian stocks declined, led by materials and technology companies, on
declines in commodity prices and worse‐than‐forecast U.S. housing
starts. Treasuries and the dollar advanced.
China’s stimulus‐induced lending binge probably propelled growth in
the third quarter to its fastest pace in a year. Now, policy makers
have to figure out how to wean the economy off state support. The
country’s rebound has been powered by US$586 billion of spending
on railways, roads, power plants and public housing. The program
ends next year, forcing Premier Wen Jiabao to find new ways to
sustain the expansion with increased consumer spending and the
financing of small businesses.

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