ChiNext Price Index on Track for Largest One-Day Percentage Loss Since October
ChiNext Price Index on Track for Largest One-Day Percentage Loss Since October
IT index surges nearly 4%: AI trade in South Korea is weakening, says this analyst
The IT index rose nearly 4% on July 2, snapping a four session losing streak where it fell 6.5% due to concerns over the US Federal Reserve hiking interest rates later this year. An analyst said today's bounce might have more to it than just value buying.The AI trade in South Korea is weakening, as…
dow-jones
Sodexo 3Q Organic Growth in Europe at 0.6%
Sodexo 3Q Organic Growth in Europe at 0.6%
China stocks retreat as chipmakers tumble from record highs; Hong Kong rebounds
Chinese stocks fell on Thursday, dragged down by a sharp selloff in chipmakers, while Hong Kong shares rebounded on a recovery in internet heavyweights.** China's blue-chip CSI300 Index SZSE:399300 was down 1.9% by the lunch break, on track for their biggest single-day drop in a week. The Shanghai…
How to AI-Proof Your Fund Portfolio — Barrons.com
By Ian SalisburyFears of an artificial-intelligence bubble bursting may have you thinking about how to build a defensive portfolio. The problem? These days, finding a corner of the stock and bond markets untouched by AI takes some legwork.Most technology stocks, especially semiconductor makers, are…
cnbctv
IT stocks stage a sharp rebound but ICICI Securities downgrades seven of them
The Nifty IT index is leading the market higher on Thursday, July 2, with stocks like Infosys, HCLTech and Coforge leading with gains between 4% to 5%. However, brokerage firm ICICI Securities, has downgraded seven stocks from within the sector in its latest note.ICICI Securities has downgraded TCS…
CEAT, BPCL, HPCL shares jump up to 4% as crude oil hits 4-month low; OMCs, tyre, airline stocks rally
Shares of CEAT, BPCL, HPCL, IOC and other crude-sensitive companies rose on Thursday, with CEAT surging more than 4 percent, as global crude oil prices extended losses for a third straight session, raising hopes of lower input costs for sectors ranging from oil marketing and aviation to tyres and p…
Indian shares rise as crude prices drop, IT stocks rebound
By Vivek Kumar MIndian shares rose in early trade on Thursday as a drop in crude oil prices on U.S.-Iran talks and a rebound in information technology stocks after four sessions of losses aided investor sentiment.The benchmark Nifty 50 NSE:NIFTY rose 0.34% to 24,088.55, while the BSE Sensex BSE:SEN…
cnbctv
The dollar looks ready to break higher. Here's why Wall Street is turning bullish
The U.S. dollar may be emerging from nearly a year of stagnation, with strategists increasingly arguing that the world's reserve currency is poised for a more sustained advance.The U.S. dollar index has spent the past 11 months in a relatively narrow range. But experts highlighted that recent price…
dow-jones
Malaysia's Stock Market Likely to See Near-Term Volatility — Market Talk
Malaysia's equity market could see near-term volatility, as coming state elections could weigh on sentiment, FSMOne's research assistant manager Alwyn Chew Chuan Shyn says in an event. He prefers companies with strong earnings visibility, such as renewable energy and data center related constructio…
cnbctv
July has been a slam dunk month for the Nasdaq-100. But traders may have front-run it this time
A strong July performance for the Nasdaq-100 may not be a sure thing now.The benchmark, made up of the 100-largest, non-financial companies in the Nasdaq Composite by market cap, has posted a July gain in 17 of the last 18 years. In that time, the index has averaged a 4.1% advance for the month.The…
NEWS trading-economics
Sensex Extends Gains on Lower Oil Prices
India’s BSE Sensex rose about 0.7% to 77,383 in early trade on Thursday, following gains in the previous session, as lower crude oil prices lifted sentiment in the import-dependent economy.Brent crude slipped below $71 a barrel after signs of progress in indirect US-Iran talks eased concerns over I…
Shares pull back as markets await likely payrolls beat
A look at the day ahead in European and global markets from Stella QiuGlobal shares are pulling back after a bumper quarter. Quarter-end rebalancing was partly to blame but there are also bubbling concerns about how long the AI party will go on. News that Meta plans to sell excess AI compute does m…
Japan stocks see sharp foreign outflows as investors cash out of tech
Overseas investors sold Japanese stocks at the fastest weekly pace in about three months in the week ended June 27, taking profits from technology shares amid stretched valuations after a blistering run-up last quarter.There has also been mounting unease over AI spending funded through debt.Non-nat…
Sensex rises 500 pts, Nifty above 24,150: US-Iran talks among 7 key factors behind market gain
The benchmark equity indices Sensex and Nifty rallied on Thursday, supported by easing crude oil prices following positive geopolitical developments and strong buying in information technology shares.The Sensex climbed over 500 points during the session, while the Nifty traded above the 24,150 mark…
moneycontrol
Nifty IT jumps 3% after four-day slide; Infosys, HCLTech, TCS lead rebound despite mixed global tech cues
Information technology stocks rebounded sharply on July 2, with the Nifty IT index surging more than 3 percent after four consecutive sessions of losses, as investors returned to beaten-down sector heavyweights despite mixed cues from global technology markets.At 9:20 am, the Nifty IT index was up…
trading-economics
Asian Stocks Fall on Tech-Led Selloff
Asian equity markets declined on Thursday, tracking a technology-led selloff on Wall Street overnight amid lingering concerns about the sustainability of the AI-driven rally.South Korea’s KOSPI Composite, widely viewed as a barometer for the AI sector, tumbled nearly 5%, while Japan’s Nikkei 225 lo…
reuters
Indian shares open higher as oil prices drop on US-Iran talks
Indian shares opened higher on Thursday as crude oil prices dropped below $71 per barrel after Qatar said Iran and the U.S. made "positive progress" in indirect talks that concluded on Wednesday.The benchmark Nifty 50 NSE:NIFTY rose 0.23% to 24,062.2, while the BSE Sensex BSE:SENSEX added 0.21% to…
Asian Markets Trade Mixed
CANBERA (dpa-AFX) - Asian markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, as tumbling crude oil prices and AI-related concerns triggered a sharp sell-off in energy and technology stocks, respectively. Markets also cheered positive comments from…
NEWS dow-jones
Asian Equities Mostly Lower Amid Concerns Over AI Spending
By Sherry QinAsian stocks were mostly lower as the region's biggest beneficiaries of the global artificial intelligence boom lost ground on concerns over the sustainability of spending in AI infrastructure.The losses followed Wall Street's weakness overnight as most AI infrastructure stocks were we…