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Real-time News
On September 2, Celine-Marie Mechain, co-head of Goldman Sachs Paris, predicted that despite the current political turmoil in France, the countrys transaction activity is expected to accelerate. In an interview on Tuesday, Mechain said: "Despite the political turmoil, France remains an attractive investment destination for various reasons. We expect to see an increase in activity in the M&A market (in the second half of this year)." French Prime Minister Bayrou will face a vote of no confidence on September 8, which may force him to resign, and France is experiencing a government crisis. Since then, investors have been prepared for increased political risks. With some companies postponing recruitment and investment, political risks may undermine the nascent economic recovery. Speaking about Frances economic prospects, Mechain said, "Despite the overall situation, I am still quite optimistic."According to the Russian newspaper Kommersant, Russia may raise the export tariff on scrap steel to 5%, but not less than 25 euros per ton.Indian Prime Minister Modi said that India will start commercial semiconductor production by the end of 2025 and called India the future "global chip innovation center."The Hang Seng Index in Hong Kong closed at 25,496.55 points on Tuesday, September 2, down 120.87 points, or 0.47%. The Hang Seng Tech Index in Hong Kong closed at 5,728.46 points on Tuesday, September 2, down 70.5 points, or 1.22%. The CSI 300 Index closed at 9,108.12 points on Tuesday, September 2, down 13.75 points, or 0.15%. The H-share Index closed at 4,248.68 points on Tuesday, September 2, down 44.72 points, or 1.04%.Japans Liberal Democratic Party Secretary-General Shunichi Suzuki plans to resign.
