At the end of August 2022, India moved to the second spot in the MSCI emerging market (EM) index with a weight of 14.483% replacing Taiwan according to the data from Bloomberg. India now trails China, which accounts for over a third of the weight in the benchmark index. The MSCI EM index is widely tracked by global fund managers for fund allocation.
Jensen Huang’s Nvidia exit raises fears over the future of AI financing
Nvidia CEO Jensen Huang’s reported departure rattled global markets, triggering concerns over the chipmaker’s leadership, AI investments and data-centre financing strategy. Nvidia shares tumbled, while