Asian equities opened lower, mirroring a pause in US stock rallies amid concerns over stretched valuations. While South Korea’s Samsung Electronics surged, other markets saw declines. Investors are reassessing gains spurred by AI-linked tech stocks, with some analysts suggesting a potential bubble, though others point to sustained earnings power.
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