Asian markets climb as Adani losses weigh on Indian stocks

Wednesday saw a decline in Indian stocks as a result of losses at the Adani Group following concerns expressed by short seller Hindenburg regarding the conglomerate’s financial position.

India’s Nifty 50 and BSE Sensex 30 indexes fell 1.1% and 0.9%, respectively, with the Adani Group’s shares bearing the brunt of the decline after Hindenburg alleged that the company.