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Asian markets are trading lower, tracking Wall Street's decline as renewed tariff concerns under the Trump administration fuel a risk-off sentiment. Investors are also assessing the Bank of Korea's rate decision. The Nikkei, Hang Seng, and Shanghai Composite are down 0.95%, 1.86%, and 0.53%.
Asian markets are trading mixed, reflecting Wall Street's subdued session following lacklustre U.S. economic data that signalled a slowing economy and persistent inflation. Hang Seng is trading higher by 0.46%, while Shanghai Composite is marginally lower by 0.04%. Japanese markets remain closed.
In Q3FY25, companies within our pharma coverage revenue, EBITDA and Adj. PAT exceeded our expectations by 1.6%/3.7%/9.8%, respectively. The EBITDA margin and Adj. PAT margin outperformed our estimates by 53 bps and 133 bps, respectively.