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Asian stocks slide as Apple-led tech selloff sinks KOSPI, Nikkei after AI rally - Investing.com India
Asian stocks slide as Apple-led tech selloff sinks KOSPI, Nikkei after AI rallyInvesting.com India
Asian Markets Today: Nikkei, Kospi Slide As Tech Selloff Returns; Hang Seng Falls
Technology stocks remained under pressure after Thursday's rally faded, while lower oil prices reflected easing supply concerns.
Asian stocks today: Nikkei, Kospi fall up to 8% amid tech stocks selloff
Asian equities experienced a sharp decline on June 26, with semiconductor stocks weighing heavily. The MSCI Asia Pacific Index fell 1.7%, while South Korea's Kospi dropped over 3%. Meanwhile, US equity futures pointed to weaker openings, reflecting concerns in global technology markets.
Global Market Today: Asian stocks decline led by tech, oil holds steady
Asian markets saw a dip, led by a pullback in heavyweight chip stocks after a strong rally. US futures remained steady following a volatile session on Wall Street, where tech giants like Apple experienced significant declines. Investors are closely watching the sustainability of high tech valuations amid concerns over AI spending and potential interest rate adjustments by the Federal Reserve.
Nikkei, Kospi lead losses in Asia amidst volatile moves in tech stocks
The broader Asian equity gauge fell 0.6%, while South Korea's tech-heavy Kospi dropped 1.8%. Japan's Nikkei was down 2.79%, while the broader Topix index fell 0.7%.
US stock futures steady; Wall St set for weekly losses after tech rout - Investing.com India
US stock futures steady; Wall St set for weekly losses after tech routInvesting.com India
SpaceX effect: Indian millionaires and family offices hunt for the next big US frontier-tech payoff
Wealthy Indians are increasingly looking to invest in US frontier-tech and AI companies following the successful SpaceX IPO. With significant potential returns, they are accessing these opportunities to diversify globally amid muted local market returns.
Who Will Succeed Jamie Dimon? Race Narrows As JPMorgan Taps Petno, Rohrbaugh As Co-Presidents
The leadership overhaul provides the clearest indication yet of how the largest US bank is preparing for the eventual transition from Dimon, who has led JPMorgan since 2006.
Who could be JPMorgan's next CEO? Two executives emerge as frontrunners to succeed Jamie Dimon
For now, Dimon remains firmly in charge. But with Lake exiting and two executives elevated to co-president status, the race to eventually lead the world's most valuable bank has entered a new phase.
Adani to build mini cities around six airports with ₹20,000 crore investment
Adani Airport Holdings plans to invest over ₹20,000 crore in the first phase of airport city projects across six airports, combining hotels, offices, retail, entertainment and convention centres into integrated urban hubs connected to major transport networks.
Adani Airports to invest Rs 20,000 crore in airport cities spanning 655 acres
Adani Airport City Limited is investing over ₹20,000 crore to build integrated airport cities across six Indian airports. These developments will feature hospitality, retail, and commercial spaces on 655 acres, aiming to transform airports into hubs for commerce and urban growth. The initiative, inspired by global airport districts, prioritizes sustainability and aims to create vibrant urban destinations.
Axis Bank aims to strike optimal balance between growth and margins: MD
Axis Bank is poised for industry-leading growth while balancing profitability, according to MD and CEO Amitabh Chaudhry. Despite a dip in net profit for FY26, the bank expanded its market share in advances and deposits, maintaining a healthy CASA ratio. Significant investments in technology and a physical footprint expansion to over 6,000 branches are driving efficiencies and enabling a stronger Bharat Banking franchise focused on diversified rural and semi-urban opportunities.