Moneycontrol Com

• South Korea’s Kospi Index rebounded by approximately 1.5% on June 24 following a historic 10% plunge the previous day that triggered a market circuit breaker. • Other Asian markets showed mixed results, with marginal gains for Hong Kong’s Hang Seng and China’s Shanghai Composite, while Japan’s Nikkei fell 1% and Taiwan’s Taiex dropped 2%. • Investor caution remains high across the region due to volatility in chip stocks, fluctuating oil prices, and the continued weakness of the Japanese yen.

• US stock futures, including the S&P 500 and Nasdaq, plunged as much as 2.5% on Tuesday following a massive sell-off in technology shares. • The downturn was triggered by a sharp 10% crash in South Korea's benchmark Kospi index, signaling a contagion of selling pressure across Asian and US markets. • This volatility raises critical concerns regarding the sustainability of the recent AI-driven rally that had previously pushed tech valuations higher.

• Emerging market stocks reached a record high, driven by a rally in AI-linked technology shares and optimism surrounding a potential US-Iran peace deal. • The positive sentiment helped push crude oil prices below $80 per barrel, contrasting with recent tensions and threats from Donald Trump regarding Hezbollah's attacks on Israel. • In contrast, Chinese equities in Hong Kong declined toward a bear market following a holiday, hampered by weak consumption data and a shift in AI investment.

• Asian traders in markets like Seoul and Shanghai are seeking indirect ways to profit from a potential SpaceX IPO since they lack direct access to the offering. • Investors are pivoting toward space supply chain companies, industry-themed ETFs, and Nasdaq 100 Index-tracking funds to capture expected gains. • Louis Wong of Phillip Securities in Hong Kong recommends two strategies: participating in the secondary market or accumulating funds with early private equity allocations.

• Indian equities are facing a challenging period as investors seek to determine if the market can reverse a negative narrative of systemic decline. • While valuations are becoming more attractive, the recovery is currently hindered by significant geopolitical stress and a lack of earnings credibility. • This shift is critical for investors as they weigh the potential for a rebound against the risks of prolonged economic instability.

• Wall Street's nine-week winning streak ended on Friday as technology stocks experienced their sharpest daily decline since April 2025. • The market downturn was triggered by a strong May jobs report, which increased investor fears that the U.S. Federal Reserve may adopt a more hawkish policy pivot. • In India, benchmark indices saw marginal losses on June 5 after the RBI kept the repo rate at 5.25% and maintained a 'neutral' stance.

• SoftBank has announced plans to invest up to 75 billion euros in artificial intelligence infrastructure in France, marking its largest AI-focused investment in Europe to date. • During his appearance in Paris, SoftBank CEO Masayoshi Son compared the current state of AI development to the early days of the internet, suggesting significant growth potential. • This massive capital injection underscores the global race to build the physical and digital infrastructure necessary to support advanced AI scaling.

• India and the US will initiate a four-day round of talks starting Monday to finalize the details of a proposed interim trade agreement. • Market analysts, including Geojit Investments' Dr. V K Vijayakumar, note that Foreign Portfolio Investors (FPIs) are shifting capital from India to the US, Japan, South Korea, and Taiwan. • This capital flight is driven by superior earnings growth and strong AI-related trade in those developed markets compared to poor earnings growth within India.

• Moneycontrol.com is providing real-time live updates and comprehensive news coverage regarding the current status of the Indian stock market. • The platform is focusing on delivering the latest share market trends and critical updates to help investors track market movements. • Technical indicators are being highlighted as essential tools for traders to determine overall trend directions and identify potential price reversals.