Real estate stocks, especially those tied to Bengaluru, have seen significant drops as AI’s impact on IT jobs sparks housing demand worries. Companies like Brigade Enterprises and Godrej Properties are among the hardest hit. Experts suggest this could be a near-term concern, with any real housing demand impact unfolding gradually.
Japan’s Nikkei hits record high as chip-related shares jump
Japan’s Nikkei stock index reached a new record high today. Chip-related stocks drove the gains, overshadowing declines in financial and other sectors. This surge mirrors