New Delhi, June 23 (IANS) US stock futures tumbled on Tuesday, signalling a weak start for Wall Street, as a global selloff in technology shares reignited concerns over whether massive investments in artificial intelligence (AI) can justify soaring market valuations.Nasdaq 100 futures fell more than 2 per cent, while S&P 500 futures declined over 1 per cent in pre-market trading. Meanwhile, Dow Jones futures were relatively resilient, falling around 0.4 per cent. The selling was triggered af…
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Seoul, June 23 (IANS) South Korean stocks tumbled nearly 10 per cent on Tuesday as foreign investors dumped major semiconductor shares and other market heavyweights amid profit-taking, tracking overnight losses in US technology stocks. The local currency weakened against the US dollar.After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) plunged 910.71 points, or 9.99 percent, to close at 8,203.84. The index hit an intra-day high of 9,175.45, reports Yonhap news agency.Th…
Seoul, June 23 (IANS) South Korean stocks extended losses late on Tuesday morning as big chip shares sharply lost ground, tracking an overnight slump in US techs.After opening 0.34 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) shed 389.16 points, or 4.27 percent, to 8,725.39 as of 11:20 am, reports Yonhap news agency.Overnight, U.S. Vice President JD Vance said a “very good foundation” had been established for negotiations toward a final agreement with Iran, while mediat…
Mumbai, June 19 (IANS) Domestic equity markets opened lower on Friday after a recent rally, with IT stocks bearing the brunt of the selling pressure after global software services provider Accenture’s guidance cut triggered concerns over the sector’s growth outlook.Sensex opened at 76,852.86, down 0.71 per cent or over 500 points, while Nifty began the session at 23,991.20, declining 0.73 per cent or more than 150 points.Sector-wise, Nifty IT plunged nearly 6 per cent, while Nifty MidSmall IT &a…
New Delhi, June 13 (IANS) Zerodha founder Nithin Kamath and Capitalmind Mutual Fund CEO Deepak Shenoy have drawn attention to restrictions imposed by US brokerage Fidelity on investors seeking to sell shares acquired in the recent SpaceX IPO, contrasting the practice with India’s regulatory framework.Under Fidelity’s policy, investors who sell their allotted SpaceX shares within 15 calendar days of the stock’s trading debut — a practice known as flipping — risk losing access to future IPO allo…
New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) officially began trading on the Nasdaq on Friday after completing a record-breaking $75 billion initial public offering (IPO), marking a historic moment for global capital markets and bringing founder Elon Musk closer to becoming the world’s first trillionaire.The start of trading was marked by SpaceX executives ringing the opening bell at the Nasdaq stock exchange, while celebrations were also held at the company’s headquar…
New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) — the Elon Musk-led rocket and satellite company — has priced its blockbuster initial public offering (IPO), pushing Musk’s net worth to nearly $970 billion and bringing him closer to becoming the world’s first trillionaire, as per multiple reports.Reports claim that SpaceX priced its shares at $135 apiece, raising about $75 billion in what is being billed as the largest IPO in history and valuing the company at around…
Mumbai, June 12 (IANS) Indian equity markets rose in morning session on Friday, following positive global market cues amid a fall in oil prices and reports that US President Donald Trump had cancelled plans to strike Iran, citing progress in talks.Sensex surged as much as 1.35 per cent or 1,000 points to touch an intraday high of 74,834 in early trade. Similarly, Nifty rose 1.26 per cent or about 300 points to 23,455.Sectorally, all indices traded in green. Nifty Realty emerged as the top perfor…
Mumbai, June 11 (IANS) Domestic equity benchmarks traded lower on Thursday in the morning session amid escalating tensions in West Asia and a sharp rise in crude oil prices.Sensex declined over 450 points or 0.62 per cent to touch an intraday low of 73,518 in early trade. Similarly, Nifty slipped more than 100 points or 0.61 per cent to an intraday low of 23,072.Sectorally, IT stocks led the decline, with the Nifty IT index tumbling more than 2 per cent. Nifty MidSmall IT & Telecom, Nifty Ce…
Seoul, June 11 (IANS) South Korean stocks were trading lower on Thursday morning amid continuing volatility surrounding major technology shares and concerns over escalating tensions between the United States and Iran.After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) had fallen 124.91 points, or 1.62 percent, to 7,605.91 as of 11:20 a.m. The index had started nearly 3 percent lower, reports Yonhap news agency.Overnight, the Dow Jones Industrial Average closed 1.87 perc…