A softer rate hike of 35 bps is justified against the backdrop of moderation in inflation despite it remaining above the upper limit of RBI’s inflation target band for 10 months in a row
US markets closed mixed as weak June jobs data cooled rate hike fears. Nasdaq fell on tech and chip stock declines, while the Dow rose
Chip stocks experienced a significant downturn, with major AI rally leaders seeing sharp profit-taking after a record quarter. The VanEck Semiconductor ETF plunged over 5%,
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