Bloodbath

• The Indian stock market experienced a significant crash on Wednesday, with both the BSE Sensex and Nifty50 benchmark indices tumbling by over 2%. • Investors lost approximately Rs 8 lakh crore in market value during the sell-off, described as a "bloodbath" on Dalal Street. • The sharp decline was primarily triggered by escalating tensions between the US and Iran, which caused global crude oil prices to soar.

• Major Asian stock indexes, including the Nikkei, Kospi, Hang Seng, Taiex, and Shanghai composite, experienced a massive sell-off on Friday. • The plunge was triggered by a rush to cash out on AI-related gains following significant losses on Wall Street. • This "bloodbath" wiped out billions in market value as traders reacted to volatility in the high-growth artificial intelligence sector.

• The Nasdaq fell by more than 2% as a tech-led sell-off in South Korea triggered a global market decline. • Investors are repricing expectations for a more hawkish Federal Reserve, with futures now suggesting two rate hikes this year instead of one. • Rising yields are putting downward pressure on growth stocks and raising concerns regarding the sustainability of AI infrastructure spending.