Stocks in news: Stocks in news: Tata Steel, ICICI Bank, Tata Motors, Vedanta, Maruti Suzuki - The Economic Times

• Asian markets experienced a significant downturn on Friday, highlighted by South Korea’s Kospi index tumbling 5.7% and Japan's Nikkei 225 slipping 1.1%. • The slump was driven by a cooling AI-led rally, with major tech stocks like Samsung Electronics and SK Hynix falling approximately 6% and 8%, respectively.

• India's Union finance ministry predicts that the economic impacts of the West Asia conflict may persist until 2027, with trade levels only returning to pre-conflict norms by late 2026. • Despite the normalization of shipping in the Strait of Hormuz, the ministry reports that three months of conflict have led to elevated energy prices and significant supply-chain disruptions.

• The Australian Securities and Investments Commission (ASIC) admitted during Senate estimates that it holds eight active contracts with KPMG, including two initiated after an investigation into the firm began. • This revelation comes amid an ongoing audit scandal involving KPMG, raising questions about the regulator's decision to maintain professional ties with a company under scrutiny.

• India is shifting its technological focus from a long-standing dominance in software exports and IT services toward the hardware and electronics manufacturing sector. • While the country previously built its global identity on code and back-office operations, there is now a significant surge in foreign investment targeting components and fabrication.

• The Indian stock market traded higher on Friday, with both the Sensex and Nifty extending gains for a second consecutive session. • Market growth followed an announcement by RBI Governor Sanjay Malhotra that the Monetary Policy Committee (MPC) decided to keep the repo rate unchanged.

• The European Union may be entering a period of accelerated integration and policy action, mirroring previous shifts seen in the 1990s and during the pandemic. • This potential shift in EU financial market strategy poses a serious threat to the dominance of the City of London as a global financial hub.

• Indian equity markets are expected to open higher on June 5, with GIFT Nifty futures trading 36 points up at 23,549. • Key stocks in focus include ICICI Bank, Tata Steel, and Groww, alongside rate-sensitive sectors such as banking, auto, realty, and consumer durables.

• South Korean stocks plummeted 4% on Friday, driven by a sharp decline in tech heavyweights following a sell-off of AI-linked names on Wall Street. • The downturn extended across Asia-Pacific markets, with Hong Kong's Hang Seng index dropping 0.46% and the CSI 300 declining 0.29%.

• Equity markets maintained their upward momentum in May 2026, with U.S. stocks rising by 5.26% and world stocks increasing by 3.90%. • All eight tracked asset classes are currently in positive territory year-to-date, signaling broad-based market strength.

• Union Minister Piyush Goyal stated that India is projected to remain the world's fastest-growing economy for the next two decades. • The growth is expected to be driven by an increase in global investments and the expansion of the domestic manufacturing sector.

• Indian equities closed largely unchanged as persistent tensions in West Asia dampened investor risk appetite and caused market oscillations. • Broader markets showed resilience and outperformed despite recent corrections, signaling strength in specific segments.