GLOBAL SHARES DECLINE
Japan's Nikkei set for biggest weekly gain in five months as AI optimism lifts sentiment
Japan’s Nikkei is headed for its biggest weekly gain in five months, supported by upbeat corporate earnings and renewed optimism around AI stocks. Semiconductor shares led the rally, offsetting concerns over Nvidia and uncertainty surrounding its leadership.
DIIs book profits in longest selling streak in 4 years
Domestic institutional investors have recently unloaded more than ₹47,662 crore worth of equities amidst a market upswing. This shift showcases their tendency to lock in profits following substantial input into Indian stocks. Conversely, foreign portfolio investors have returned vigorously, investing about $8 billion since mid-October. This marks a notable change in market behavior, as local investors experience their longest selling streak in four years.
Jensen Huang net worth before vs after Alice Huang affair controversy: How much has Nvidia CEO lost as NVDA stock slides?
Nvidia CEO Jensen Huang net worth today: Jensen Huang has dropped to 12th place among the world's richest people after losing $6.5 billion as Nvidia shares fell sharply. The decline comes amid a broader tech sell-off and growing scrutiny over his relationship with Alice Huang, who US officials reportedly suspected of having links to Chinese intelligence.
US stocks: S&P 500, Nasdaq fall as Nvidia CEO exit rattles AI stocks
Nvidia's stock took a hit after CEO Jensen Huang stepped down, amid swirling personal controversies. This turmoil added noticeable pressure to the AI sector, dragging down the value of related stocks. Additionally, surging oil prices are exacerbating inflation worries across the market. Investors are keenly awaiting the Producer Price Index data for insights on inflation trends, even as some sectors continue to show resilience amidst the declines.
Karnataka's alcohol-content tax cuts consumption 2.4%, boosts revenue 13.4%
Karnataka's introduction of alcohol content-based taxation has led to a 2.4% reduction in per capita alcohol consumption. During this period, tax collections increased by 13.4%, indicating successful revenue generation. The shift resulted in a rise in beer and wine sales, which accounted for 45% of total alcoholic beverage sales. Furthermore, manufacturers of Indian-made foreign liquor have adjusted their products to lower alcohol content.
Bitcoin slips to $73,300 after brief rebound above $74,500 as Fed tightening fears weigh on sentiment
Bitcoin slipped to $73,300 as rising expectations of a December Federal Reserve rate hike pressured crypto sentiment. Ethereum and major altcoins also declined, while inflation concerns, ETF outflows and options expiry heightened caution. Analysts expect macroeconomic data and Fed commentary to drive near-term market direction.
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Lenskart, Meesho deliver gains of nearly $400 million for SoftBank Vision funds
Lenskart saw returns of $273 million, the highest among the Vision funds' listed investments, while Meesho gained $121 million, according to SoftBank's earnings presentation released on Tuesday. The gains come as SoftBank continues to monetise its Indian investments, having sold shares worth more than Rs 9,300 crore in Lenskart and Meesho since June.
US stock market selloff: Four indicators suggest correction may not be over
Four key indicators suggest the US stock market correction may not be over, despite some stabilisation in technology shares. Easing investor positioning and stock correlations offer relief, but options activity and technical signals continue to point to caution.
India's battered rupee finds an unlikely rescue party in cheaper oil and Wall Street's AI rout
As crude oil prices fall, India's import costs see a positive shift, bolstering the rupee's steadiness. The return of foreign portfolio investors to the Indian equities market, following significant sell-offs in October, has led to the rupee appreciating against the dollar. Enhanced energy supply is expected to mitigate inflation risks, contributing to a potential stabilization range of ₹92 to ₹93 per dollar for the currency.
South Korean shares fall as AI concerns, US inflation weigh on sentiment
South Korean shares fell as concerns over elevated AI valuations and stronger-than-expected US inflation weighed on investor sentiment. The benchmark KOSPI declined 0.34%, led by losses in chipmakers Samsung Electronics and SK Hynix. The won strengthened against the dollar, while government bond yields rose amid expectations of further US interest rate hikes.
Japan's Nikkei rises for third straight session as AI optimism returns; SoftBank falls 3%
Japan's Nikkei 225 rose 0.80% for a third consecutive session as renewed optimism around artificial intelligence stocks lifted sentiment. Strong semiconductor demand and improving manufacturer confidence supported gains. However, SoftBank shares fell 3% after the technology investment giant reported a second-quarter net loss of 1.1 trillion yen.
Sichuan Neautus shares surge 119% in Hong Kong IPO debut
Sichuan Neautus Traditional Chinese Medicine shares soared in their Hong Kong debut after the company raised HK$262 million through an IPO. Strong retail investor demand, reflected in massive oversubscription, drove the stock sharply higher despite weakness in the broader market.
India begins pouring in a bigger glass when global alcohol demand takes a hit
Alcohol consumption in India increased by 10% in early 2026, contrasting with declines in other major markets. Beer led the growth, with a 16% rise, while no-alcohol beer surged by 25%. Despite a global decline of 1% in alcohol consumption, India recorded increases across all categories tracked. Global brands are increasingly focusing on India for growth opportunities in the beverage alcohol sector.
India in a 'sweet spot' amid oil volatility and currency dynamics: Kotak Neo's Anindya Banerjee
India is in a favourable economic position due to declining crude oil prices and increasing foreign investment inflows. The Indian rupee is currently undervalued, and there is potential for appreciation if geopolitical tensions ease. Expectations suggest one more interest rate hike from both the Federal Reserve and the Reserve Bank of India. Additionally, shifting global investment sentiment is favoring markets such as India beyond artificial intelligence stocks.
China, Hong Kong stocks rise as AI shares rally, oil prices slide
Chinese and Hong Kong stocks edged higher as a rally in global technology shares and falling oil prices lifted sentiment. AI-linked stocks led gains, while energy shares declined amid a broader regional market rebound.
South Korean shares surge over 3% as tech stocks rebound, oil prices ease
South Korean shares surged 3.57%, snapping a three-session losing streak, as gains in US technology stocks and falling oil prices boosted investor sentiment. Chipmakers Samsung Electronics and SK Hynix led the rally, while foreign investors turned net buyers. However, the won weakened and government bond yields edged higher.
Japan's Nikkei surges nearly 3% as AI stocks extend rebound; SoftBank jumps 14%
Japan's Nikkei index jumped nearly 3% on Tuesday as AI and semiconductor stocks recovered from Friday's sharp selloff. SoftBank Group surged over 14%, leading the tech-driven rally alongside chip equipment makers, despite overnight losses in Nvidia shares and cautious sentiment near key resistance levels.
NVDA stock price today: Nvidia shares slide 5% after Jensen Huang’s affair admission as China spy probe puts AI giant’s leadership under scrutiny – Can it survive the CEO crisis?
Nvidia stock today: Nvidia shares fell 4.5% in premarket trading on Monday, November 9, even as Wall Street futures pointed higher after last week's sell-off. NVDA slipped to around $178.21 from Friday's close of $186.64. Dow futures gained 0.73%, S&P 500 futures rose 0.40% and Nasdaq 100 futures added 0.21%. The latest pressure followed Jensen Huang's affair admission and a board probe over alleged Chinese espionage.
Eurozone bond yields edge lower as oil prices ease, investors await US inflation data
Eurozone government bond yields edged lower as easing crude oil prices and concerns over technology stocks supported demand for safer assets. Investors remained cautious ahead of US inflation data, which could influence Federal Reserve rate expectations and global bond market sentiment.
European shares muted as investors assess AI outlook; banking stocks rally
European shares were subdued as investors assessed the fallout from last week's technology selloff and uncertainties surrounding AI investments. Banking stocks gained on merger developments and upbeat earnings, while mining shares advanced on higher precious metal prices.
India’s oilmeal exports fall 28.5% as cheaper Brazilian, Argentine soymeal squeezes shipments
India's oilmeal exports fell 28.51% year-on-year to 12.82 lakh tonnes in April-August FY27, dragged by a 73% plunge in soybean meal shipments. Higher domestic demand, Red Sea shipping disruptions and elevated freight costs added pressure, while cheaper supplies from Brazil and Argentina eroded India's competitiveness in global markets.
HSBC, Citi turn bullish as Indian stocks draw record inflows
Global banks are turning more positive on Indian stocks, indicating potential for continued growth and record foreign inflows. Recent data shows that India’s benchmark index surged nearly 8% this month, marking its best performance since mid-2022. As foreign investors shift back to Indian equities, analysts expect significant inflows and improved earnings growth in the coming fiscal years. Falling oil prices are also projected to support corporate profits and economic stability.
Japan bond yields rise as safe-haven demand eases after tech rebound
Japanese government bond yields rebounded as recovering technology stocks reduced safe-haven demand following last week's sharp selloff. Strong US jobs data and expectations of further Bank of Japan tightening also influenced investor sentiment across the bond market.
South Korean shares rebound as chipmakers recover from AI-driven selloff
South Korean shares rebounded on Monday as benchmark index KOSPI rose over 1.5%. Chip giants Samsung Electronics and SK Hynix led the recovery following Wall Street gains and government assurances over Nvidia GPU supply continuity, despite remaining net selling pressure from foreign investors.
Japan's Nikkei rebounds 2% after tech stock rout
Japan's Nikkei 225 rebounded 2% on Monday following a sharp technology stock selloff that pushed the benchmark into bear market territory. The recovery was driven by Wall Street gains and tech sector stabilization, though market sentiment remained cautious amid ongoing Middle East tensions and US regulatory concerns.
Sensex & Nifty fall in Muhurat trade for first time since 2017
Indian equities experienced a slight decline during the Diwali Muhurat trading session for the first time since 2017. The Sensex ended at 80,999.40, down 28.62 points, and the Nifty closed at 24,986.40, shedding 43.95 points. Despite the drop, market sentiment has recently shown signs of improvement, particularly with foreign investors becoming buyers again.
European stocks head for weekly losses amid global tech selloff
European shares tumbled as concerns over AI valuations, heavy technology spending and potential US restrictions on data-centre investments triggered a global selloff. Losses across major sectors wiped out the STOXX 600's weekly gains, putting the index on track for a weekly decline.
AI, data, cybersecurity lead tech hiring with 30.3% share in September quarter
In India, the demand for roles in AI, data, and cybersecurity within Global Capability Centers (GCCs) has surged, even amid a slight overall hiring decline. AI and data professional roles saw a 14% increase quarter-on-quarter, while cybersecurity positions grew by 12%. Notably, tier-2 cities like Coimbatore achieved a remarkable 30% growth. By 2030, the GCC workforce in India is projected to reach between 2.7 and 2.8 million.
China stocks struggle near one-year lows despite fresh government support measures
Chinese stocks struggled near one-year lows despite fresh government measures to support the market, as investors remained cautious ahead of the US midterm elections. Concerns over China's economic outlook and technology stocks continued to weigh on sentiment.
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