The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30 per cent, bringing the total new levy to an eye-watering 54 per cent on imports
Last week the Nasdaq confirmed it was in a correction, driven lower by tariff and growth uncertainties as well as high valuations for megacap tech stocks
Equity-index futures for the S&P 500 and the tech-heavy Nasdaq 100 slipped in early Asian trading, extending a decline on Monday as Wall Street tempered bullish views
Asian shares and US futures were mostly higher on Wednesday following a rocky session on Wall Street after Canada, Mexico and China were hit by steep US tariffs that took effect on Tuesday. Comments by US President Donald Trump in a speech to Congress and the nation appeared to have scant impact on world markets. The future for the S and P 500 was up 0.5 per cent, while that for the Dow Jones Industrial Average gained 0.4 per cent. China announced it intends to keep its economy growing at around a 5 per cent annual pace in 2025, in line with last year's target, as it opened the annual session of its largely ceremonial legislature. Premier Li Qiang also promised more government spending and other measures to support growth. Hong Kong's Hang Seng index jumped 2.6 per cent to 23,548.86, while the Shanghai Composite index climbed 0.6 per cent to 3,342.36. Tokyo's Nikkei 225 index edged 0.2 per cent higher to 37,418.24. In South Korea, the Kospi gained 1.2 per cent to 2,558.13, while ..
Notably, stocks like Infosys, M&M, Bharti Airtel, TCS, and HCLTech were the top contributors to the downward pressure on the indices
I do not like to buy markets that are making all-time highs. As a rule, if the markets are correcting and investor are not worried, I do not buy, Jim Rogers said.
Hedge funds have been piling into Chinese equities at the fastest pace in months as bullishness on the DeepSeek-driven technology rally adds to hopes for more economic stimulus
Beijing's measured tit-for-tat response has left room for negotiations, analysts say, and that has allowed traders to focus on the AI theme in Asia
Markets Today Highlight: Broader markets also mirrored benchmarks, with Nifty Midcap100, and Nifty Smallcap100 ending down by 1.26 per cent and 0.30 per cent, respectively
Markets Today Highlights: Banking shares stole the show among sectors, with Nifty PSU Bank, and Private Bank indices ending higher by over 2 per cent each
Markets Today Highlights: Smallcap shares were among the top laggards in broader markets, with the Nifty Smallcap100 index ending down by 2.13 per cent
Markets Today LIVE: Markets in Indian are poised to open with an upside, amid firm global cues, as investors track the start of the Budget session with the presentation of the Economic Survey today
Markets Today Highlights: Among the broader markets, the Nifty Smallcap 100 index gained 0.12 per cent, while the Nifty Midcap 100 index edged lower by a marginal 0.01 per cent
Markets Today Highlights: The broader markets outperformed the benchmarks, with smallcap shares leading the charge as the Nifty Smallcap100 index settled higher by 3.32 per cent
Markets Today Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent
Markets Today Crash Highlights:Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 3.84 per cent and 2.75 per cent, respectively
Stock Market Crash Highlights, January 21, 2025: Indian equities faced severe declines on Tuesday with the 30-share BSE Sensex crashing 1235.08 points or 1.60 per cent to settle at 75,838.36
Market LIVE: Markets in India are likely to open on a cautious note today, following mixed global cues as investors focus on companies reporting December quarter results
Markets Today LIVE: Markets in India are expected to open higher following a strong showing on Wall Street after a lower-than-expected core inflation reading there
Markets Today Highlights:Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 ended with gains of 0.41 per cent and 0.56 per cent, respectively