CIB vs. UOVEY: Which Stock Is the Better Value Option?
DBS Group and OCBC shares rose as the lenders reported better-than-expected earnings, with UOB falling as it missed forecasts.
* Indian shares extend four-day losing streak, down 2% * China, Hong Kong markets closed for holiday * Bank Indonesia's rate decision due on Tuesday By Savyata Mishra April 18 (Reuters) - The energy-sensitive Indian rupee weakened on Monday, hurt by higher oil prices on concerns over tighter global supply, while other Asian currencies traded lower against a firmer U.S. dollar as inflationary pressures broadened. The rupee dipped as much as 0.3% to 76.43, its lowest level since March 22, further pinned by a sell-off in Indian shares, down nearly 2%. Investors appeared to show scant response to China central bank's decision on Friday to cut the amount of cash that lenders must hold as reserves for the first time this year, a move to cushion a potentially sharp slowdown in economic growth.