Indian markets mirrored global trends as major indices, including the Nasdaq and S&P 500, closed at over a week's low on Tuesday. Semiconductor stocks experienced significant declines, fueled by investor concerns over debt-fueled AI spending and anticipation of a more hawkish stance from the U.S. Federal Reserve. Traders are now pricing in a higher likelihood of a second interest rate hike by December.
US and Indian markets closed lower, mirroring global trends after the S&P 500 and Nasdaq hit over a week's low. Semiconductor stocks led the decline amid mounting concerns over debt-fueled AI spending and the prospect of a more hawkish U.S. Federal Reserve. Traders now…
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