Asian stocks declined following mixed US inflation data, leading traders to reduce bets on Federal Reserve interest rate cuts. Concerns about persistent inflation were reinforced by comments from Federal Reserve Bank of Dallas President Lorie Logan, suggesting a cautious approach to monetary policy.
KPIT Tech plunges 24% in 3 months as auto demand weakens
KPIT Technologies faces a substantial 24% decline in stock value, predominantly due to obstacles in the automotive sector. The company’s net profit has notably decreased,