Hindustan Aeronautics shares extended losses Monday following a Tejas aircraft accident during a Dubai air show. Analysts anticipate limited financial impact on the company’s orderbook and execution, noting fighter jet crashes are not uncommon. While near-term pressure and slowed export negotiations are possible, the incident occurred at an air show, not during a mission.
South Korea’s KOSPI drops 7% as global chipmaker selloff deepens
South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK