China s treasury bonds fell sharply on Wednesday as easing producer deflation and a buoyant stock market prompted selling. Traders also attributed the sell-off to new fund rules that would nudge investors to buy equity funds instead of fixed-income products.

Vietnam s State Treasury raised 3.88 trillion dong ($147 million) in a weekly government bond auction on Wednesday, up from the $3.8 million raised last week.

Shringar House of Mangalsutra’s Rs 401 crore IPO was subscribed 1.06 times on Day 1, with retail investors bidding 1.59 times their quota and NIIs 1.19 times. The employee portion also saw strong traction, oversubscribed 5.4 times, while QIBs are yet to participate.

Japan s Nikkei hits a record high, mirroring Wall Street s positive trend. Technology stocks led the surge. Investors are closely watching economic data for potential shifts in central bank policies in both the United States and Japan. SoftBank Group and Furukawa Electric saw significant gains. Sumitomo Pharma and Mazda Motor experienced losses. The focus remains on the 44,000 level.

European shares experienced a rise, propelled by strong performances in the retail sector, particularly Inditex, which reported accelerated sales. Novo Nordisk also saw gains following its restructuring announcement, including workforce reductions, aimed at enhancing competitiveness. Tech stocks contributed to the positive sentiment, with SAP and ASML climbing after Oracle s optimistic cloud order projections.

Global asset managers from KKR & Co. to Blackstone Inc. are ramping up investments in India and elevating locally-based executives to key regional roles, underscoring the nation’s rise in Asia’s private equity landscape.

India’s IPO market remains strong, with five new issues opening on Wednesday and all fully subscribed within hours. Despite raising over ₹60,000 crore this year, investor enthusiasm continues, driven by ample liquidity. Urban Company’s IPO was 1.9 times subscribed by midday, while Dev Accelerator saw an even stronger response, with bids at 3.5 times its issue size.

Gold prices may not have reached their peak yet, says JM Financial’s Rahul Sharma, who sees potential for an additional 10% upside in the next phase of the rally.

Market strategist Rohit Srivastava sees Indian equities entering the early stages of a year-end rally. With Nifty aiming for 25,000 and beyond, he suggests viewing short-term pullbacks as buying opportunities amid improving sentiment.