Photo: The New York Stock Exchange building on Wall Street (file image)
Business & FinanceNasdaq plunges 5.52% in worst day since April 2025 as AI sell-off wipes out post-election rally
Wall Street's post-election rally lasted a single day as the Nasdaq fell 5.52% on Thursday, its worst session since April 2025, with chip stocks leading a rout that pushed the index into correction territory.
Photo: The Shanghai Stock Exchange building in Pudong
Business & FinanceChina’s central bank runs a 100-billion-yuan swap operation on Tuesday to steady stocks after their worst month in a decade
The People’s Bank of China will conduct bidding under its stock-support swap facility on Tuesday, with 31 firms applying for more than 100 billion yuan, after the CSI300 suffered its worst October since early 2016.
Photo: Dubai skyline
Business & FinanceUAE shares slip as Dubai index falls for a third session while Brent crude climbs above $117
Dubai's main index dropped 0.8% for a third straight session on weak earnings and regional tensions, while Abu Dhabi edged down 0.1% and Brent crude rose 2.3% to $117.56 a barrel.
Photo: Servers inside a data centre
Business & FinanceAmazon and Intel slide as AI spending fears shake tech shares and drag Nasdaq futures lower
Amazon fell 7.2% and Intel fell 25% in premarket trading on Friday after results that exposed the soaring cash cost of the AI buildout, sending Nasdaq 100 futures down 2.16%.
Photo: The Bombay Stock Exchange building in Mumbai
Business & FinanceSensex gains 308 points and Nifty reclaims 23,000 as IT and pharma shares lead second day of gains
Indian shares rose for a second straight session on Friday, with the Sensex closing 308.49 points higher at 74,459.53 and the Nifty gaining 116.35 points to 23,053.10, led by IT and pharmaceutical stocks. Figures checked at about 4:51 pm PKT on Friday, 30 October 2026.