South Korean stock market witnessed a surge. KOSPI benchmark increased, marking a tenth consecutive session of gains. This surge followed the government s decision to scrap a proposed stock investment tax hike. Samsung Electronics saw a rise, while Hyundai Motor and Kia Corp experienced declines. Foreign investors actively bought shares. The Korean won strengthened against the dollar.

Indian rupee and bond traders are keenly awaiting the Federal Reserve s anticipated interest rate cut this week, despite the rupee s recent record lows against the dollar. While a weaker dollar might offer some support, the rupee is expected to underperform its Asian counterparts.

Australia and New Zealand Banking Group will pay a hefty fine. The penalty is for misconduct including charging deceased customers. The bank admits to failures in bond trading and customer service. Joe Longo of Australian Securities and Investments Commission says ANZ betrayed trust. New CEO Nuno Matos aims to fix issues. The bank apologizes and promises changes.

Property market in Britain faces a shift. Asking prices for homes have decreased annually for the first time since January. Rent increases are at a four-year low. Uncertainty surrounds potential property tax changes. Southern England s housing market is particularly affected. Zoopla anticipates a slight rise in average rents by year-end.

Citigroup faces a $1.5 billion bill for its London tower renovation. The cost nears the building s purchase price. The increased budget covers workforce expansion and upgrades. The project includes new gardens and energy systems. CEO Jane Fraser will visit Britain. The tower overhaul is expected to finish next year. Other banks are also rethinking their London office spaces.

China s property sector faces continued downturn. Investment witnessed a 12.9% drop in the initial eight months. This follows a 12% decrease earlier in the year. Property sales also declined by 4.7%. New construction starts slumped by 19.5%. Funding for developers decreased by 8%. These figures indicate ongoing challenges in the Chinese real estate market.

Urban Company s IPO received strong interest. The grey market premium soared. Share allotment will be finalized today. Investors can check allotment status online. The IPO was oversubscribed. Analysts termed it a high-risk, high-reward bet. The company s unique model focuses on hyperlocal home services. They invest in training service professionals. Early investors are seeing significant returns.

TechD Cybersecurity s SME IPO is set to open for subscription. The IPO aims to raise Rs 38.99 crore. Vijay Kedia backs the cybersecurity firm. Grey market activity indicates a strong debut. The company will use the funds to expand operations. TechD provides cybersecurity solutions to various clients. Revenue and profit have shown significant growth.

Dev Accelerator s IPO saw massive oversubscription. The IPO closed on September 12. Allotment finalization is scheduled for September 15. Refunds and demat credits are expected on September 16. The shares will debut on NSE and BSE on September 17. The IPO received strong demand across all investor categories. The company plans to use the funds for expansion and debt repayment.

Warren Buffett often recalls Benjamin Graham’s parable of “oil discovered in hell” to illustrate herd-driven investing. The tale highlights how fear of missing out and crowd psychology can overpower rational analysis, reminding investors to resist speculation and focus on intrinsic value.