Global

Fitch warns AI-led market correction could trigger US recession and sub-1% global growth

• Downside scenario assumes a 35% drop in US stocks and 15% in non-US stocks
• Fitch says global growth could fall below 1%
• A global risk-off shock could pressure Indian equities, particularly export-facing IT and cyclical sectors

A record 16 Indian men join S&P 500 boards this year

• Indian executives took directorships at companies including Walmart, Southwest Airlines and Western Digital

Trump and Xi signal two more meetings as US-China trade truce faces pressure

• The leaders signaled plans to meet **two more times this year**
• Tangible outcomes are needed for the trade truce to hold
• Trade-truce shifts could affect Indian exporters and companies reliant on US-China supply chains

Value of old supertankers soars past new builds as market goes ‘bananas’

• Soaring freight rates have pushed old supertankers’ values above those of new builds
• Vessel prices are being set by how quickly ships can be delivered to buyers

Chabahar-Zahedan rail link completed, to boost India's access to Central Asia

• Iran has completed the Chabahar-Zahedan rail link
• The link is intended to improve India's access to Central Asia
• Improved regional connectivity may benefit Indian exporters and logistics companies

Dollar firms as US-Iran tensions lift oil and strengthen hawkish Fed bets

• The dollar strengthened as investors anticipated inflation data and central bank decisions
• Oil prices increased amid ongoing US-Iran tensions

Trump says US will win Iran war soon; does not rule out strikes before midterms

• Trump said the US-Iran conflict would be won “very soon”
• He declined to rule out military strikes before the US midterm elections
• Renewed conflict risks oil volatility, exposing Indian energy companies and broader equities

China industrial profit growth slows to 4.2% in August

• Industrial profit growth was 4.2% in August
• January-August growth was 15.7%, down from 17.6% in January-July

ETMarkets Smart Talk | Fed tightening returns: Ritesh Nambiar on what it means for Indian bonds and the rupee

• Renewed Fed tightening could lift US yields and strengthen the dollar
• Higher US yields and a stronger dollar could pressure emerging-market currencies, including the rupee
• A weaker rupee and higher yields may pressure Indian bonds and foreign-sensitive sectors

China says US trade-truce extension creates room to advance talks

Chinese Stocks Hit One-Year Low as Chip, Optical Firms Slide

• Chinese shares touched a one-year low, led by a selloff in technology firms
• The selloff followed a report that authorities may allow purchases of Nvidia’s new chips

‘They were asking for everything up front:’ US Ambassador to UN Mike Waltz explains why Trump rejected Iran's proposal

• Iran sought sanctions relief in exchange for reopening the Strait of Hormuz
• Trump rejected Tehran’s ceasefire proposal
• Hormuz tensions matter to Indian oil importers and fuel-sensitive sectors

Global Funds End Underweight Position on China After Four Years

• Global fund managers are ending a four-year underweight stance on Chinese stocks
• AI prospects and favorable valuations are drawing funds back

India’s international trade in times of AI

China to cut tariffs on US farm goods, but list excludes soybeans

Hong Kong launches four-year euro-denominated digital green bond

• Hong Kong is issuing a four-year euro-denominated green bond in digital format

More US Strikes On Iran? Trump Hints 'It's Possible'; Tehran Says Fully Prepared For 'Doomsday' War

• Trump said the US could end the Iran conflict soon, after which oil prices would fall sharply
• He did not rule out renewed US strikes before the midterms
• Oil-price swings expose Indian oil marketers, refiners and airlines to fuel-cost uncertainty

South Korea demands apology from Ukraine over North Korean POW disclosure

• South Korea accused Ukraine of breaching a confidentiality deal over transferring two North Korean POWs to Seoul
• Seoul demanded an apology from Kyiv

Treasury Yields Rise Amid U.S.-Iran Diplomatic Stalemate

• Treasury yields rose in Asian trade on Monday
• Oil prices moved higher amid setbacks in Middle East diplomacy
• Higher oil prices may pressure Indian airlines and oil-marketing companies

Global Market: BOJ policymakers see case for faster rate hikes as inflation risks mount

• BOJ policymakers see a case for faster rate hikes as inflation risks mount
• Faster Japanese rate hikes could shift global flows affecting Indian equities and bond yields

Global Market: Chinese stocks slide as US-China optimism fades, tech shares tumble

• China’s CSI300 fell 2.2% as optimism from the US-China summit faded
• Technology shares tumbled amid renewed geopolitical risks

US Green Card: New ‘America First’ bill

• A Republican senator introduced a bill to overhaul the US legal immigration system
• The bill would replace the Diversity Visa Lottery
• US immigration changes may affect Indian IT companies that depend on skilled-worker visas

New US Green Card Bill targets jobs, family visas and lottery: What to know

• The proposal would reward education, English skills, salary and job offers
• It would restrict several existing family-based pathways
• Changes to US work-visa pathways may affect Indian IT companies and their employees

Trump-Xi Summit: Wary ties and strategic limits

Asian shares trade mixed as oil prices rise amid Iran war uncertainty

• Asian shares traded mixed as oil prices rose amid uncertainty over the Iran war
• A cooldown in oil prices last week helped US stocks post their first winning week in three
• Higher crude prices can pressure Indian oil marketing companies and raise inflation risks

5 key market themes investors need to watch this week

• Investors will track US jobs and inflation data, central-bank decisions, oil prices and bond yields
• Micron earnings are also on the week's watchlist
• Oil prices and bond yields may influence Indian inflation, rates and energy-sector sentiment

Taiwan pushes back after Xi seeks to win over Trump on World War Two narrative

China's space diplomacy lifts Pakistani astronaut toward orbit

Global Market: KOSPI drops over 2% as Samsung, SK Hynix slide on yield concerns

• The KOSPI declined 2.13% as South Korean shares fell over 2%
• Higher bond yields weighed on risk appetite after a two-day holiday break
• Risk-off moves in Asian markets can pressure Indian equities and foreign portfolio flows

US-China tariff cuts: $30 billion trade relief plan unveiled; check full list of goods

Global Market: Japan’s Nikkei slips after early gains as Nasdaq futures weaken

• Japan’s Nikkei gave up early gains as Nasdaq futures weakened
• Technology stocks faced pressure ahead of Micron’s quarterly results

US Market: Wall Street rally faces fresh test as jobs, inflation data loom

• September employment and PCE inflation data may shape Federal Reserve rate expectations
• US rate expectations can move foreign flows into Indian equities and pressure rate-sensitive sectors

Japanese bond yields climb towards multi-decade highs on inflation, BOJ tightening bets

• Japanese bond yields climbed as services inflation and BOJ rate-hike expectations weighed on debt prices

Trump rejects Iran proposal to reopen Hormuz as regional tensions persist

• Trump said he rejected Iran’s proposal to reopen the Strait of Hormuz
• Reports also said Houthis targeted Riyadh
• Hormuz disruption risks higher crude costs for Indian oil companies, airlines and fuel consumers

Asian Currencies Weaken Amid Ongoing Geopolitical Tensions

• Asian currencies weakened against the dollar amid elevated oil prices and global yields
• A weaker rupee may pressure Indian importers, especially oil-dependent sectors

Here’s the List of Goods the US, China Agreed on for Tariff Cuts

• The US and China listed $30 billion worth of goods for planned tariff cuts

Russian strikes kill civilians and hit data centres and logistics targets in Ukraine

• Reports put the death toll at four and six, respectively
• Strikes hit a Kyiv data center, logistics centers and two dry cargo ships near Odesa

Bank of Japan debated need for faster rate hikes, July minutes show

Japan's corporate services inflation hits two-year high

Stocks cautious in Asia as oil gains, yields rise

Trump confirms meeting with Anthropic CEO, repeats dismissal of AI fears

• Trump confirmed a meeting with Anthropic’s CEO and repeated his dismissal of AI fears
• He said new regulations could let China outpace the US in AI advancement

Asia stocks start cautiously as oil climbs on doubts over US-Iran truce

Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes

• Trump did not rule out further strikes on Iran before the US midterm elections
• Geopolitical risk and potential oil-price volatility may weigh on Indian equities and fuel-sensitive sectors

China posts weakest industrial profit growth this year, expanding 4.2% in August

• Industrial profits grew 4.2% in August, the weakest growth this year
• Economists expect Beijing to lean harder on stimulus to stabilize corporate profitability

Asian stocks open mixed as rate-hike bets build; Kospi slips, Japan indices rise

• Asian stocks opened mixed; Kospi fell while Japanese indices rose
• Average yield on a global bond gauge topped 4% for the first time since 2007
• Higher global yields can pressure Indian equities and raise borrowing costs for rate-sensitive sectors

Global Market Today: Asian shares subdued as rising oil fuels rate hike concerns

• Asian shares opened slightly lower as markets returned from a holiday
• Rising oil prices fuelled concerns about interest-rate hikes

Emerging market investors shun riskiest bonds as US yields soar

• Emerging-market investors are retreating from riskier bonds amid a global credit selloff
• Higher US yields can pressure Indian bond markets and rate-sensitive stocks

Assam set to export methanol to Bangladesh through waterway: Official