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Asia markets rise on US-Iran deal optimism as AI-tech stocks surge
Asian stocks and global shares rose on hopes of a US Iran peace deal, led by tech and chipmakers like Micron and SK Hynix, as bond yields and the dollar slipped
Modi in Netherlands: One firm holds the key to India's chip ambition
Prime Minister Modi's visit to the Netherlands highlights India's critical reliance on ASML, the sole provider of advanced lithography machines, for its ambitious semiconductor manufacturing goals. This Dutch company's technology is indispensable for India's multi-billion-dollar chip project, underscoring ASML's pivotal role in India's pursuit of silicon sovereignty amidst global tech rivalries.
West Asia situation, crude prices likely to steer stock markets this week
Stock markets are expected to remain sensitive to geopolitical developments this week, with investor attention firmly focused on events surrounding the ongoing USIran situation and crude oil prices, analysts said. Besides, the rupee-dollar trend and trading activity of foreign investors would influence trading in the markets, they noted. "Markets this week are expected to remain highly volatile and largely driven by geopolitical headlines, with investor attention firmly focused on developments surrounding the ongoing USIran situation," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. Brent crude oil will remain a critical macro variable for market direction, he said. "A sustained decline in crude prices below the USD 90 mark, or meaningful progress towards de-escalation, could support relief rallies across risk assets. Conversely, prolonged geopolitical uncertainty or renewed tensions may continue to weigh on sentiment and keep volatility elevated," Ponm
$1 trillion club gets newest member in Samsung! Check list of 13 most valuable companies
Global trillion-dollar companies highlight tech dominance, AI-driven growth, and investor confidence, with Samsung newly joining an elite group led by Nvidia, Alphabet, and Apple amid evolving market trends worldwide.
Emerging market stocks rebound past pre-war levels on AI optimism; currencies remain weak
Emerging market stocks rebound on AI optimism and easing Iran tensions, led by Asia tech, while EM currencies fall as dollar strengthens and oil prices rise.
IT services may benefit from AI over time despite near-term pressure: Neeraj Seth
Neeraj Seth, Founder & CIO of 3R Investment Management says artificial-intelligence (AI) capex concerns are weighing on tech stocks, expects near-term dollar strength and sees long-term opportunity in adaptable Indian IT firms.
Currency Check: Indian rupee declines 16 paise to 94.89/$ in early trade
The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate hikes.