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Indian IT stocks plunge 6% on AI disruption fears; Persistent Systems down 7%, TCS & Infosys slide 5%+
Tech stocks dump despite Q4 wins; gold rebounds. Investors eye AI impact & software valuations.
Tech stocks tumble, dragging Asia lower. Gold & silver rebound 2.8% & 4.8% on safe-haven demand. Nintendo plunges 10% on console sales fears.
Tech stocks tumble, dragging Asia lower. Gold & silver rebound 2.8% & 4.8% on safe-haven demand. Nintendo plunges 10% on console sales fears.
South Korea’s won pared losses after reports the NPS may issue dollar bonds this year. Offshore funding could reduce dollar demand linked to overseas investment, easing FX pressure as authorities review hedging policy and step up market coordination.
Bitcoin eyes $74k support; momentum weak, downside risk looms. Experts warn of liquidation if key levels break.
BoE expected to hold Bank Rate at 3.75% on Feb 5. Falling inflation helps, but wage and services pressures keep guidance vague. Focus is the vote split and Bailey’s tone.
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