Shares of US chipmakers come under pressure after China retaliates with tariff hikes

By on    BUSINESS  

Shares of US chipmakers come under pressure after China retaliates with tariff hikes

U.S. markets closed lower Friday after China announced steep tariff hikes on American goods, targeting semiconductors manufactured in the U.S. Texas Instruments fell 6.8%, Intel dropped 3.7%, and GlobalFoundries declined 2.4% amid fears of disrupted trade flows. Shares of Nvidia and TSMC rose, buoyed by their offshore manufacturing. Analysts warn of escalating uncertainty in the […]

Sensex Drops 230 Points as Auto and Finance Stocks Weigh on Markets

By on    GENERAL  

Sensex Drops 230 Points as Auto and Finance Stocks Weigh on Markets

Indian equity markets closed lower on Friday, with the Sensex falling by 230 points, or 0.28%, to 81,381, and the Nifty slipping by 34 points, or 0.14%, to 24,964. The decline was primarily driven by a sell-off in financial and auto stocks, alongside weakness in shares of Tata Consultancy Services (TCS). The banking sector bore […]