Asian stock markets declined following a tech stock selloff on Wall Street. Samsung and SK Hynix faced restrictions on shipments to China. Alibaba’s surge contrasted with China’s factory activity contraction. A US court ruling added uncertainty to trade tariffs. Investors await key economic data and the Federal Reserve’s decision. Political risks in Indonesia and Thailand are also in focus.
PSU bank stocks soar up to 8%, but HDFC, Axis and other private lenders fall up to 5% after Q2 results. Why the sharp divide?
PSU bank stocks surged up to 8% on Monday, led by Punjab National Bank after its Q2FY27 earnings beat estimates. In contrast, private lenders such
October 19, 2026