Topic
market decline
Finance South Korea's Kospi tumbles 6% as SK Hynix miss, AI spending fears trigger chip rout
South Korea's benchmark Kospi index plunged 6% on Wednesday, closing at 5,663.24, its lowest since early April. The selloff was led by a 9.4% drop in SK Hynix after quarterly earnings missed forecasts, and a 4.8% decline in Samsung Electronics. Renewed concerns over high AI valuations and China's progress in low-cost AI models weighed on the sector, with regional markets like Japan's Nikkei and Taiwan's Taiex also falling.
Business Sensex Plunges 916 Points Intraday, Nifty Closes Below 23,800: Five Key Triggers Behind Market Crash
Indian equity markets extended their losing streak to a fifth consecutive session on Friday, July 24, with the BSE Sensex plunging as much as 916.96 points intraday before closing 331.62 points lower at 76,059.77 and the Nifty settling at 23,767.45. The sell-off was driven by escalating Middle East tensions pushing crude oil above $100 per barrel, renewed US trade tariffs, relentless FII outflows, weakness across Asian markets, and selling in heavyweight stocks like Infosys and HDFC Bank.
Business BSE Sensex Plunges Over 600 Points, Nifty50 Slips Below 24,050 as Pharma Stocks Tumble on Trump Tariff Plan
Indian equity markets opened sharply lower on Wednesday, with the BSE Sensex dropping 611.02 points to 76,859.09 and the Nifty50 slipping below 24,050. The decline was driven by a slump in pharmaceutical stocks following US President Donald Trump's announcement of a phased tariff plan on imported generic medicines, elevated crude oil prices, and selling in banking stocks. The Nifty Pharma index fell nearly 2%, with major pharma stocks declining 2–2.5%.
Business Sensex Falls 443 Points, Nifty Slips 96 as Markets End Lower; Midcap, Smallcap Gain
Indian benchmark equity indices declined on the trading day, with the Sensex falling 443 points and the Nifty losing 96 points. However, broader market indices—Midcap 100 and Smallcap 100—posted gains. The rupee weakened against the US dollar, while crude oil prices showed mixed movement and precious metals edged higher.
Finance Asian Markets Tumble as AI Stock Sell-Off Deepens; Nikkei Sinks Nearly 6%, HSI Plunges 2%
Asian stock markets fell sharply on Friday as the sell-off in artificial intelligence-related shares deepened, with Japan's Nikkei 225 leading losses, dropping 5.8% to 62,945.97. Taiwan's benchmark fell over 5%, Hong Kong's Hang Seng index slipped 2%, and China's Shanghai Composite lost 1.6%. Oil prices extended gains on Middle East tensions. Indian equities bucked the trend, rising nearly 1%.
Business Sensex slides 900 points as global tech sell-off weighs on Indian markets
The BSE Sensex plunged nearly 900 points to 76,201 on Tuesday, driven by a global tech sell-off triggered by a 10% crash in Korea's Kospi following a regulatory warning and weakness in US AI stocks. Foreign institutional investors were net buyers at Rs 18 crore, while domestic investors recorded Rs 680 crore net inflow. Market capitalisation on BSE fell by Rs 5.5 lakh crore to Rs 475.1 lakh crore, with metal and IT indices down 3% and 2.2% respectively.
Business AI Stocks Sink Again, Pulling Wall Street Towards Weekly Loss as S&P 500 Falls 0.6%
Wall Street fell on Friday as another sharp selloff in AI-linked stocks pushed the S&P 500 towards its second weekly decline in 13 weeks. The S&P 500 dropped 0.6%, the Nasdaq Composite fell 1%, and the Dow lost 223 points. Losses were led by Micron Technology (-5.5%), while Asian markets also tumbled, with Japan's Nikkei down 4.2% and South Korea's KOSPI off 5.8%.
Commodities Oil price falls to levels not seen since before Iran war
The price of Brent crude oil fell to levels not seen since before the Iran war, briefly dropping below $72.48 per barrel. This follows the gradual resumption of traffic through the Strait of Hormuz after the US and Iran signed a Memorandum of Understanding on 17 June. According to Kpler and Marisks, ship crossings have increased significantly but remain below pre-war levels.
Finance US Stocks Slide as IT Sell-Off Deepens; Nasdaq Falls Over 1.4%, Dow Jones Loses 197 Points
US stocks fell sharply on Tuesday, with the Nasdaq Composite dropping over 1.4% and the Dow Jones Industrial Average losing 197 points, as a broad sell-off in technology shares deepened. Concerns over heavy AI spending and rising interest rate expectations weighed on equities, with traders pricing in nearly a 90% chance of a rate hike by year-end. Global markets also declined, led by a 10% plunge in South Korea's Kospi.
Business Sensex Tumbles 790 Points, Nifty Sheds 210 Points in Forenoon Trading
Indian benchmark equity indices dropped sharply in the forenoon session on June 19. The Sensex fell 790 points to 76,620, while the Nifty declined 210 points to 23,960, representing a decline of approximately 1% each. The decline reflects broad-based selling pressure in the domestic equity market.
Business Benchmark equity indices trade nearly one per cent lower in afternoon session
Indian benchmark equity indices fell nearly one per cent in the afternoon session on June 19, 2026. The BSE Sensex lost 849 points to close at 76,561, while the NSE Nifty dropped 228 points to 23,940, according to News on AIR.