Indian stocks are facing losses while other economies see gains. This is due to a global AI investment frenzy benefiting chip makers like Samsung Electronics and SK Hynix. India lacks direct AI exposure, leading to lower corporate earnings growth. Foreign investors are seeking better returns elsewhere, impacting the Indian market.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend