Global markets slipped as a severe sell-off in heavyweight technology and chipmaking shares overshadowed modest gains in other sectors. The broader MSCI World Equity Index fell roughly 0.5%, putting global benchmarks on track for a weekly decline.
Regional Market Breakdown
- Wall Street: Tech-heavy indices like the Nasdaq faced heavy pressure due to profit-taking and fears surrounding the sustainability of AI-driven corporate spending. The S&P 500 dipped slightly, while the Dow Jones inched up modestly.
- Asia-Pacific: Asian equities took the brunt of the tech rout, with South Korea’s KOSPI dropping heavily and regional hardware suppliers sliding. Indian markets were closed for Muharram, though regional derivative trackers like the GIFT Nifty mirrored the broader weakness in tech trends.
Broader Economic Indicators.
- Commodities: Brent crude tumbled roughly 4% to $72 per barrel due to easing supply concerns.
- Currencies & Bonds: The Japanese Yen teetered at 40-year lows near the 161.6 mark against the US Dollar, while US Treasury yields saw a slight easing across the board.
- Safe Havens: Gold prices rose over 1%, reflecting cautious investor sentiment.
You can track real-time global futures and Asian movements on Moneycontrol or review Wall Street sector performance on CNBC.
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