Global Markets Under Pressure
Asian markets fell sharply after a deeper selloff in chip stocks, with Taiwan Semiconductor dropping 5% despite a strong earnings outlook. Investors are becoming more cautious about whether massive AI spending will deliver the returns markets expect.
Oil Climbs, Tech Weakens
Brent crude rose to around $85 a barrel as tensions in the Middle East continued to disrupt shipping through the Strait of Hormuz, adding to inflation concerns. Netflix also disappointed investors, sending its shares lower after forecasting slower sales growth for a second straight quarter.
US Market Snapshot
The Dow held up better than tech-heavy indices, while the Russell 2000 also slipped as broader market weakness continued.
What’s Next for India?
Higher oil prices could keep inflation concerns alive and weigh on market sentiment. IT and semiconductor-linked stocks may remain volatile, while investors will also watch how global AI spending and earning