New Delhi, May 9 (IANS) AI-driven excitement in financial markets is beginning to resemble the speculative excess seen during the dot-com boom of 1999-2000, American investor Michael Burry has warned, raising concerns over soaring valuations in technology and semiconductor stocks, according to multiple reports.Burry, known for predicting the 2008 US housing market collapse, said that markets appear increasingly disconnected from economic fundamentals, with investor sentiment around artificial in…
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Mumbai, Feb 6 (IANS) World’s largest cryptocurrency Bitcoin extended losses on Friday, falling over 6 per cent to about $66,198 as risk aversion, heavy liquidations, weakness in technology stocks, and fears of tighter US monetary policy rattled investors.Bitcoin saw its sharpest single‑day decline since late 2024 on Thursday when it slid 12.6 per cent to roughly $63,300, its lowest level since October 2024, wiping out billions of asset value in dollar terms, multiple reports said.Analysts sa…
Seoul, Jan 6 (IANS) South Korea’s benchmark stock index briefly topped the 4,500-point mark on Tuesday for the first time, setting a fresh record high.The KOSPI briefly traded above the landmark 4,500 level, one day after breaking the 4,400-point mark on gains in technology stocks, reports Yonhap news agency.The main index opened lower Tuesday on profit taking but later turned higher as institutions and retail investors scooped up technology and other large-cap shares.The KOSPI was at 4,491.98 a…