SAMSUNG THE WALL
Nifty’s 8% surge this week is the best since January 2021. Are bulls here to stay?
Nifty surged 8% this week, marking its biggest weekly gain since January 2021, as foreign investors returned to Indian equities. Strong Q2 earnings, attractive valuations and a global shift away from AI-linked stocks supported the rally. The key question now is whether renewed buying can sustain the market's recovery.
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.
Bloodbath in Nasdaq, Kospi and Nikkei but why Nifty is an oasis of peace amid global rout
A global AI-led tech selloff has battered US and Asian markets, wiping out $3 trillion from S&P 500 companies. However, Indian equities are showing relative resilience as investors rotate away from crowded AI trades. Market experts believe India's lower exposure to the AI boom, attractive large-cap valuations and renewed foreign inflows could help it weather the global rout.
AI selloff hits India too: TD Power, HFCL, Sterlite, other power capex-linked stocks crash up to 15%
Indian power capex and AI-linked stocks tumbled as a global technology sell-off spread across markets, with TD Power and Thermax plunging 15% each. Concerns that US midterm election results could slow data centre expansion and AI infrastructure spending triggered sharp losses across Asian technology stocks and domestic market-linked companies.
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.
Global Market Today: Asian stocks join US selloff as AI slump deepens
South Korea’s tech-heavy Kospi Index slid 8.8% in early trading, triggering a circuit breaker, with chipmakers Samsung Electronics Co. and SK Hynix Inc. both plunging more than 9%. Japan’s benchmark Nikkei 225 Stock Average lost 6.2%, while the MSCI Asia Pacific Index declined 2.9%. Futures pointed to losses in Taiwan, Hong Kong and China.
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KOSPI plunges 4% as Samsung, SK Hynix shares slide
South Korea's KOSPI plunged over 4%, with Samsung Electronics and SK Hynix leading losses as semiconductor stocks tracked a sell-off in US technology shares. Concerns over tighter AI regulations and a potential slowdown in investment weighed on sentiment, triggering a sidecar trading curb after the index fell over 5%.
Asian shares mostly advance following US midterms, though Kospi falls on selling of chipmakers
Asian markets experienced an upswing on Thursday, buoyed by a rebound in U.S. equities following the midterm elections. The Dow Jones leapt over 3% as political shifts occurred, leading to the loss of control for President Trump's party. Meanwhile, South Korea's Kospi mirrored struggles in the tech sector, particularly affecting AI stocks, while a drop in oil prices severely impacted energy firm shares.
Democrats’ win rattles Trump trades from AI stocks to crypto
The recent Democratic majority in Congress triggered a downturn in global markets, most notably impacting technology stocks. Investors are now wary about President Trump’s policies and their implications for AI investments. Conversely, solar stocks saw an uptick, signaling potential changes to clean energy regulations. Additionally, Treasury yields dropped as heightened oversight dampens fiscal stimulus hopes, while cryptocurrencies also fell amid uncertainty surrounding upcoming industry regulations.
South Korean shares reverse gains, KOSPI falls over 1% as US midterm results loom
South Korean shares reversed early gains as caution ahead of the US midterm election results triggered broad selling. Technology stocks led the decline, while foreign investors offloaded equities worth 1 trillion won amid concerns over global market volatility.
Apple drops with most of Wall Street, but gains for other Big Tech stocks cushion the blow
The stock market has been shaky recently as technology and artificial-intelligence stocks have swung on worries their prices shot too high in the frenzy around AI. Several of the most influential AI-related stocks held firmer Tuesday, which supported the market, after flipping from gains in the morning to losses in the afternoon a day earlier.
South Korean shares slide nearly 3% as tech selloff deepens; won strengthens
South Korean shares fell sharply as a global technology selloff dragged chipmakers and other heavyweight stocks lower. A stronger won and plunging oil prices offered little support as foreign investors continued to sell equities.
South Korean shares rebound as strong exports spur dip-buying
South Korean shares rose after early losses due to strong export data that improved investor sentiment. Exports from South Korea nearly doubled in October, marking their highest increase in over 50 years. Analysts indicated that this performance might lead to upward revisions in corporate earnings forecasts. However, factory activity in South Korea expanded at its slowest pace in eight months.
Global Market: South Korean stocks tumble over 5% as AI spending concerns hit chipmakers
South Korean shares plunged as a selloff in semiconductor stocks intensified amid concerns over the sustainability of global AI investments. Foreign investor outflows and weak market breadth added to the pressure, putting the KOSPI on course for a monthly decline.
Tech firms take fresh hit as earnings misses fan AI fears
Tech firms were again on the back foot Friday after another round of disappointing earnings from Wall Street titans fanned already deep concerns about the AI investment boom. "The concern isn't that AI demand has already slowed.
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%.
Microsoft, Oracle outshine Alphabet as investors demand AI returns
Wall Street increasingly favours technology companies demonstrating financial discipline in AI investments. Microsoft and Oracle gained on strong cash flow prospects, while Alphabet shares plunged amid rising capital expenditure and slower search growth. Investors are prioritising sustainable returns, profitability and cash generation over aggressive artificial intelligence infrastructure expansion.
Global Market: Samsung Electronics posts record $80.5 billion quarterly operating profit on AI chip boom
Samsung Electronics reported record quarterly operating profit of 107.4 trillion won, driven by surging AI memory chip demand. Despite strong earnings, shares fell over 5% amid concerns about semiconductor division performance and AI investment sustainability. Samsung also announced shareholder returns of up to 110 trillion won this year.
Global Market: South Korean shares fall 2% as Samsung Electronics slides after earnings
South Korea’s KOSPI fell 2.18% on Thursday as Samsung Electronics dropped 4.13% after disappointing third-quarter profits. Losses extended across battery, automotive and steel stocks, despite foreign investor buying. Authorities pledged to monitor volatility. Meanwhile, the won strengthened 0.72%, and government bond yields declined amid market uncertainty and cautious investor sentiment.
Global Market: Japan's Nikkei rises on Advantest forecast; Samsung slump caps gains
Japan’s Nikkei rose 0.3%, supported by Advantest’s 5.4% rally after it raised its full-year operating profit forecast by 14%. However, declines in technology stocks and an 8.7% fall in Hitachi limited gains. Investors remained cautious ahead of Japan’s earnings season and the Bank of Japan’s policy decision.
Global Market Today: Asian shares fall as Alphabet earnings miss drags Wall St futures lower
Asian markets faced a downturn following a mix of earnings results, stirring concerns as investors await Amazon and Intel's performance. Alphabet saw its stock plunge due to weak cash flows, while Microsoft benefited from stronger-than-anticipated earnings. Despite Samsung Electronics achieving impressive operating profit growth linked to AI chip demand, its shares also slipped.
Global Market: South Korean shares surge 6% as SK Hynix earnings fuel AI chip rally
South Korean shares surged nearly 6% on Wednesday, driven by SK Hynix and Samsung Electronics following strong earnings and optimism over AI-driven memory chip demand. SK Hynix reported a seven-fold profit increase, while foreign investors bought shares worth $444 million. The rally reflected broader global enthusiasm for artificial intelligence investments.
Global Market: China, Hong Kong stocks slip as technology shares extend losses
China and Hong Kong stocks edged lower as weakness in technology and AI-related shares outweighed faster industrial-profit growth and fresh liquidity support from China’s central bank.
Global Market: South Korean shares jump over 4% as AI chip rally lifts Samsung, SK Hynix
South Korean shares surged 4.39% as AI investment optimism, strong semiconductor demand and better-than-expected third-quarter economic growth boosted investor sentiment. Samsung Electronics and SK Hynix led gains, while foreign investors purchased shares worth 597.3 billion won. The Korean won strengthened slightly, reflecting positive market momentum and improving confidence in technology-driven growth prospects.
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.
India’s business owners need to match the global ambitions of Korean and Chinese peers: Gautam Kumra, Chairman of McKinsey's offices in Asia
McKinsey Asia chairman Gautam Kumra discusses why owner-led businesses have outperformed professionally managed and state-owned peers, accounting for $7 trillion of the $14 trillion in market value created by Asia’s top 300 companies over 25 years. He explains the leadership traits that distinguish founders, succession challenges, AI adoption and why Indian businesses must look beyond domestic markets to build global franchises.
Global Market: South Korean shares fall over 1% as chip stocks retreat
South Korean shares fell as investors booked profits in semiconductor stocks after a sharp rally. Attention shifted to the Bank of Korea’s policy outlook, while falling government bond yields and a marginally weaker won reflected mixed sentiment across financial markets.
Global Market: South Korean shares jump 3% as chipmakers rally on strong exports, AI demand
South Korea’s KOSPI surged 3.03% after hitting a six-month closing low, supported by a rally in chipmakers, record semiconductor exports and optimism over sustained AI infrastructure demand. Foreign investor buying also aided the rebound.
Global Market: South Korean shares fall as AI investment worries weigh on chipmakers
South Korea’s Kospi fell as AI investment concerns triggered technology stock selling, although dip buying helped recover early losses. Semiconductor shares remained weak, while automakers, battery makers and select heavyweight stocks gained. Foreign investors were net sellers, while currency and bond markets showed mixed movements amid ongoing global market uncertainty.
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