Asian markets opened lower as concerns over technology company earnings and massive AI spending sapped risk sentiment. South Korea, a key AI player, saw a significant slump, mirroring Wall Street’s tech-led decline. Investors are debating AI exposure amid skepticism about valuations and the technology’s ultimate consumer adoption.
SIP additions at a six-month high amid rising churn
In August, the number of new accounts for systematic investment plans (SIPs) soared to a six-month peak, marking significant activity. Nevertheless, the year-on-year growth showcased