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.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO