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The New York Stock Exchange building on Wall Street (file image)Business & Finance

Nasdaq 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.

Business & Finance · 6 Nov 2026, 1:21 pm
The Shanghai Stock Exchange building in PudongBusiness & Finance

China’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.

Business & Finance · 3 Nov 2026, 5:41 am
Dubai skylineBusiness & Finance

UAE 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.

Business & Finance · 30 Oct 2026, 5:52 pm
Servers inside a data centreBusiness & Finance

Amazon 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%.

Business & Finance · 30 Oct 2026, 5:22 pm
The Bombay Stock Exchange building in MumbaiBusiness & Finance

Sensex 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.

Business & Finance · 30 Oct 2026, 4:51 pm