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Nomura silences AI doubters, says Kospi can hit 10,000 mark to double as fundamentals are intact
South Korea's Kospi plunged to a nine-month low amid fears that US political shifts could slow AI infrastructure spending and hurt chip demand. However, Nomura remains bullish, projecting a potential recovery towards 10,000, with a near-term target of 7,500–8,000.
AI meltdown: Kospi crashes 9%, hits 9-month low as Wall Street bloodbath after midterm elections spills to Asia; circuit breaker triggered
The sell-off followed a global market rout on Thursday, which saw the Nasdaq 100 plunge 6.4%, wiping out a record $2.3 trillion in market value. The weakness extended across Asia on Friday, with chip-heavy indices coming under pressure. Japan's Nikkei 225 Stock Average and Taiwan's Taiex were also on course to enter technical bear market territory, having fallen 20% from their respective peaks.
US midterm election results 2026: India sees some trade relief, new risks after US midterm vote
Indian officials are cautiously optimistic about the recent US midterm election results and their implications. While the election reduces trade tension, it introduces new uncertainties for US-India relations. Analysts suggest it is too early to gauge the long-term effects of these political changes. The potential for increased tariffs still looms due to ongoing investigations.
Global Market Today: Asian stocks slide as US chip selloff deepens
The MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%. In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction. In a sign some investors are looking to buy on dips, US stock futures gained. Japan is closed for a holiday.
Global Market Today: Asian stocks slide as tech earnings disappoint, AI fears mount
The Kospi Index in South Korea — a key barometer of the AI trade — fell over 3% with chip heavyweights Samsung Electronics Co. and SK Hynix Inc. declining. That dragged the MSCI Asia Pacific Index down 0.3%.
Global Market Today: Asian stocks advance on resurgent AI optimism
The MSCI Asia Pacific Index rose 0.6%, as benchmarks in Australia, Japan and South Korea advanced. The Kospi Index rose 2.6%, with SK Hynix Inc.’s stock climbing after the company reported operating profit that beat estimates. The chipmaker is planning a total of 100 trillion won ($75.4 billion) in shareholder returns for 2026.
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Global Market Today: Wall Street gains lift Asian stocks as Fed decision looms
Gauges in Japan and South Korea advanced, helping the broader MSCI Inc.’s Asia Pacific equities gauge rise 0.6%. Equity-index futures for US stocks also climbed in early trading.
Microsoft buyouts: MSFT stock price jumps but why is tech giant offering massive 'voluntary exit' package for 60,000 employees, including VP level? Check which countries workforce impacted
Microsoft, Amazon, Alphabet and Meta are collectively on track to pour roughly $700 billion into AI data centers, chips and computing infrastructure this year alone.
Global Market: South Korean shares fall over 1% as AI trade concerns weigh; won strengthens
South Korean shares fell as AI-related concerns weighed on sentiment ahead of major US technology earnings. The won strengthened against the dollar, while government bond yields declined.
Global Market Today: Asian shares slip as AI jitters deepen ahead of big tech earnings
MSCI Inc.’s Asia Pacific equities gauge fell 0.2% ahead of this season’s busiest earnings week in Asia. US equity-index futures erased earlier gains and traded little changed.
Global Market Today: Asian stocks slide after US tech rout
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment stayed weak as contracts for the Nasdaq 100 Index fell 0.3% in early Asian trading.
India’s family offices bet on homegrown AI firms to gain ground
India’s tech landscape is witnessing an influx of investments from family offices and wealthy individuals. Key players like Premji Invest and Claypond Capital are funding promising AI startups. With at least six companies achieving unicorn status, the environment for AI is becoming increasingly supportive. This shift highlights the need for sustained investment in India’s AI ecosystem. The growth potential is significant, despite challenges in funding and competition.
Global Market Today: Asian stocks rise on Fed rate signal, oil gains
MSCI Inc.’s Asia Pacific equities index advanced 0.2%. A selloff in semiconductor stocks sent the gauge to its weakest close since August on Tuesday. Earlier, the S&P 500 pared earlier losses to close little changed after New York Fed President John Williams said he continued to see one more rate hike as appropriate this year but no need for further tightening in 2027. Pressure on tech stocks eased and Microsoft Corp. rose to a record.
Could Iran target the Gulf’s digital backbone? The risks to data centres and internet cables explained
Iran's warning raises concerns about the vulnerability of Gulf data centres and digital infrastructure to potential attacks. Recent escalations have already disrupted Amazon Web Services facilities in the UAE and Bahrain, highlighting the risk. The Gulf has invested significantly in emerging technologies, making security a critical focus for governments and companies. Developing alternative routes for connectivity will be essential to mitigate these threats.
YouTube was close to selling to Yahoo. How Google sealed the $1.65 billion deal at 3 A.M. in a Denny’s parking lot
YouTube was close to selling to Yahoo in 2006 before Google agreed to pay $1.65 billion for the video platform. The deal was finalized in an unusual setting: a Denny’s parking lot at 3 a.m., where executives signed the merger documents under BlackBerry phone lights.
The auditor is no longer alone. There’s another intelligence in the room
Auditors are increasingly adopting artificial intelligence to enhance the efficiency and accuracy of audits in India. These technological advancements allow auditors to analyze vast amounts of data and detect inconsistencies effectively. AI tools automate repetitive audit tasks, which helps auditors focus on more complex decision-making processes. The role of human judgment remains essential, as AI cannot replace professional expertise in audits.
Global Market Today: Asian stocks rise after US tech rally, oil dips
MSCI’s Asia Pacific Index edged up 0.1%. Earlier, shares climbed on Wall Street after a rally in Nvidia Corp. and Microsoft Corp. helped the S&P 500 Index close near an all-time high.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities rebounded on Monday after eight consecutive weekly losses, with Sensex rising 473 points and Nifty gaining 134 points. Softer US jobs data and lower crude prices supported sentiment, though analysts flagged bond yields, currency risks, RBI policy and earnings uncertainty.
Scott Bessent says AI industry must own its risks and find solutions
Anthropic PBC Chief Executive Officer Dario Amodei, OpenAI chief Sam Altman and SpaceAI Corp.’s Elon Musk in September called for the industry to slow development of its most advanced models, citing growing risks for humanity.
Nscale hires Meta’s Justin Osofsky to be COO ahead of IPO
The new COO, Justin Osofksy, worked at Meta for 18 years in various executive roles and was most recently its chief partnerships officer.
Oracle share price: ORCL stock jumps at NYSE, what is making it one of top turnover stocks in Software & IT Services sector
Oracle stock: Oracle's move to protect itself against potential delays at a massive data center project developed by Blue Owl in New Mexico sent a chill through the trillion-dollar market for AI infrastructure financing.
US stocks: US market slips as rising Treasury yields offset AI-driven tech gains
US stock indices fell as increasing government bond yields weakened investor sentiment across the market. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all reported losses during the trading session. Chipmakers limited broader declines, recovering ground after prior selloffs, despite mixed performance among megacap stocks. US job openings and consumer confidence figures missed analysts' expectations, adding to market uncertainty.
Indian executives are gaining clout in US corporate boardrooms
The landscape of S&P 500 boards has seen a noteworthy shift, with Indian men now occupying a record 16 seats. This development reflects the increasing preference for directors equipped with CEO-level expertise. In contrast, Indian women's representation on boards continues to stagnate. Compounding these dynamics, future entry for Indian executives into the US job market may face challenges due to prevailing immigration policies.
Ahead of Market: 10 things that will decide stock market action on Monday
Indian equity benchmarks Sensex and Nifty ended higher on Friday, bouncing back to close at 73,896 and 23,140.50 respectively. Geojit’s Vinod Nair cited strong domestic liquidity holding Nifty above 23,000, while elevated crude prices and persistent foreign outflows continue to cap near-term market upside ahead of Monday's trade.
Microsoft abandons personal AI chatbot race with Copilot reboot
The result of a six-month engineering effort, the latest iteration of the assistant has absorbed the separate version for home use, adopting some of its slick design features, and casting aside the marketing that sought to position the company as a builder of personal AI.
Xi Jinping unlikely to bring CEOs to summit where Trump seeks deals
US President Donald Trump is preparing to host China's President Xi Jinping for an upcoming summit in Washington. The Chinese leader is not expected to bring a delegation of top business executives. Many prominent technology leaders from the US will attend the state dinner alongside high-ranking officials. Tensions between the US and China regarding various issues have been rising in recent weeks.
Dutch fintech Adyen sees long-term India opportunity, plans local expansion
With plans for a substantial expansion in India's digital payments sector, Adyen is actively recruiting more staff to address surging demand. This growth is largely attributed to a rise in cross-border transactions and the influx of multinational clients. Since acquiring relevant licenses, Adyen has been enhancing its presence in India and now sees promising long-term growth opportunities ahead.
Microsoft appoints Puneet Chandok to lead India operations
Microsoft Corp said on Tuesday it has appointed Puneet Chandok as corporate vice president of Microsoft India and South Asia, effective September 1, 2023.
Microsoft wins US appeal over warrant for emails held abroad
The 2nd US Circuit Court of Appeals in New York reversed a 2014 ruling ordering the company to produce the documents.
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