Asian stocks are poised to climb, mirroring Wall Street’s upward trend, fueled by optimistic remarks from Commerce Secretary Howard Lutnick regarding US-China trade talks. Equity futures signal gains in Sydney, Tokyo, and Hong Kong, while Tesla spearheaded advances among megacap stocks. Investors are also closely watching for a key inflation report and Bitcoin’s attempt to breach its record high.
AI may hurt IT today, but it could create the sector’s next growth engine: Baroda BNP Paribas MF
AI may disrupt traditional revenue streams in India’s $280-billion IT services industry, but Rohan Korde of Baroda BNP Paribas Mutual Fund believes it could also