AI trade roars back: chip index +2.8%, Tesla +5% on Barclays
The AI trade is back, at least for a day. US stocks closed higher on Monday as Anthropic’s IPO filing gave the AI …
Equity Markets
Global money is bidding for India's biggest growth stories while leaving India’s index
Indian stocks extended their losing streak on high crude and a weak rupee, as foreign investors keep selling. At the sam…
Jio IPO sets a global record with 10 million+ applications on final day
India’s biggest IPO now holds a global record too. Jio Platforms became the first public offer in the world to cro…
Kospi plunges 4% on AI jitters, yet SK seeks $350B for data centres
The AI build-out is still accelerating even as markets question how it will be paid for. Thursday showed both sides of t…
$112 oil piles onto bond and tech jitters; global stocks slide
Markets were already nervous. Oil made it worse. Bond yields were climbing, with France’s 10-year above 5% and US…
AI IPO chill: Korea’s Elice crashes 30% on debut
The AI infrastructure trade just met reality. Seoul’s Elice, which builds AI cloud services and modular data centr…
Indonesia stocks crash 5% more to six-year low on MSCI fears
Indonesia’s market meltdown is deepening. The benchmark index plunged more than 5% on Monday to its lowest level i…
Dangote refinery IPO draws investors from over 90 countries.
Dangote Petroleum Refinery said its IPO has drawn subscriptions from investors in more than 90 countries, including 51 o…
Nasdaq sinks 4.5% in worst week since June as AI selloff deepens
The Nasdaq fell 4.5% for the week, ending a monthlong winning streak with its worst week since late June.The Nasdaq felt…
Chip stocks’ longest slide since 2008 drags Nasdaq 100 to worst week since April 2025
The AI trade just had its worst week in 18 months. The Nasdaq 100 posted its steepest weekly drop since the April 2025 …
AI debt jitters wipe $1 trillion off top 20 AI and chip stocks
The AI boom just got its first real credit check, and the bond market isn’t impressed. A week-long global sell-of…
MSCI Moves to Drop Indonesia From Emerging Markets; JCI Crashes 11%
MSCI has proposed moving Indonesia from Emerging Market to “standalone” status, skipping a frontier downgrad…
TSMC posts a record $23.6B profit as AI demand overrides the chip sell-off
Chip stocks crash, TSMC’s profits don’t. The world’s biggest contract chipmaker grew net profit…
KOSPI crashes 7.6% to 5,554, wiping out its 9,000-point AI rally
The KOSPI fell 7.57% on Thursday to close at 5,554.22, its lowest finish since April 7. A new global chip sell-off hit S…
India equity MF inflows jump 31% to ₹38,307 crore; SIPs hit record
Equity mutual funds in India pulled in ₹38,306.55 crore in September, up 30.61% from August, according to AMFI data re…
Wall Street's big week
With 10-year yields near a 24-year high and Brent above $100, corporate profits need to keep carrying the market. …
OpenAI’s $20B revenue shortfall sparks Nasdaq’s worst day since August
A report that OpenAI’s revenue run-rate came in $20B below estimates rattled AI stocks. A second report of a $70B …
SpaceX spectrum grab sinks T-Mobile, AT&T and Verizon shares
SpaceX’s purchase of nationwide low-band spectrum moves Starlink closer to a direct-to-consumer phone service. Inv…
Samsung posts record ₩107.4T Q3 profit, first Korean firm past ₩100T
Samsung estimated Q3 operating profit at ₩107.4 trillion ($80.28B), the first time a Korean company has topped ₩100 …
Asian markets slide as Big Tech's AI debt binge rattles bonds
Asian stocks fell across the region as Big Tech's borrowing spree to buy AI chips added to strain in already stretched g…
India Retail: Trent hits 10% upper circuit as Zudio crosses 1,000 stores
India's fashion-retail darling is back in favour after a slower first half. Trent shares jumped more than 10% to hit th…
Bank of Hope closes Manubank deal, adding $2.6B in deposits
Bank of Hope closed its acquisition of SMBC Manubank's commercial banking unit on Oct. 1, adding $2.3 billion in loans a…
Axis Capital crashes Irish bank deal with €3.20/share PTSB offer
Axis Capital confirmed it is considering an all-cash offer for Permanent TSB Group Holdings at €3.20 per share, abo…
OpenAI chases $30B at a $1.4 trillion valuation
OpenAI is seeking to raise nearly $30 billion at a valuation of about $1.4 trillion, using the round as a bridge while i…