Singapore's Straits Times Index Ends Week Mixed as Venture Corp Surges 10.9%

• The NSE Nifty 50 and BSE Sensex rallied on Wednesday, with the Nifty closing at 24,021.65 (up 0.83%) and the Sensex ending at 76,991.22 (up 1.04%). • This surge allowed the benchmarks to recoup most of the losses from Tuesday, when both indices had fallen by 1.16%.

• Booking Holdings Inc (BKNG) saw its stock price increase by 8.12% on June 24, driven by a combination of market sentiment and strategic upgrades. • The surge was fueled by lower crude oil prices boosting the broader tourism sector and the integration of Anthropic’s AI models into Priceline to improve operational efficiency.

• The Congress party has demanded an explanation from Madhya Pradesh Chief Minister Mohan Yadav following an investigation by The Indian Express. • The report revealed massive land purchases linked to Yadav’s family and associated real estate firms, sparking allegations of a conflict of interest.

• The S&P 500 and Nasdaq declined for the third consecutive day on June 24, 2026, driven by renewed selling pressure in the technology sector. • AI chip designer Cerebras (CBRS) saw its shares tumble 20% following its first public earnings report, which forecast a gross margin contraction of up to 10 percentage points this quarter.

• The Indian stock market surged on Wednesday, with both the Sensex and Nifty 50 indices gaining up to 1%. • This growth was driven by improved investor sentiment following signals from the RBI Governor that discussions regarding further interest rate hikes may be premature.

• South Korea and Taiwan are experiencing a massive economic boom driven by surging global demand for AI chips and record-breaking stock market gains. • While the semiconductor sector thrives, other parts of the domestic economies are lagging, creating a widening economic divide between chip giants and the general population.

• GIFT Nifty rose on Wednesday morning, signaling a positive opening for the Indian benchmark indices, the Sensex and Nifty. • The upward trend persists despite a global sell-off in technology stocks and market concerns regarding a potentially hawkish stance from the US Federal Reserve.

• Indian benchmark equity indices rebounded sharply on Wednesday, June 24, with the BSE Sensex climbing 790.54 points (1.04%) to settle at 76,991.22. • The Nifty 50 index reclaimed the 24,000 mark, fueled by significant buying activity in the banking and IT sectors.

• Eurofiber forecasts its 2026 revenues to reach approximately EUR 361 million, representing a EUR 12 million increase over the previous year. • This growth is driven by the strategic expansion of the company's fiber optic footprint across France and Germany.

• US stock futures ticked higher, with S&P 500 contracts rising 0.1% and Nasdaq 100 futures rebounding 0.4%. • Investors are closely monitoring upcoming results from Micron Technology Inc. to determine if AI spending continues to meet market expectations.

• Global technology stocks faced a severe sell-off on Tuesday, led by South Korea's Kospi index, which crashed 10% to close at 8,203 from a previous 9,114. • Major semiconductor firms Samsung and SK Hynix slumped, contributing to the downturn alongside declines in Japan's Nikkei 225 and the Nasdaq.

• The European Central Bank (ECB) has released its consolidated financial statement for the Eurosystem as of 19 June 2026. • The ECB is responsible for maintaining price stability in the euro area to preserve the purchasing power of the euro.