IT stocks power Dalal Street rally as global AI trade loses steam

The rally came even as concerns over sticky US inflation and the prospect of further monetary tightening weighed on global markets, triggering a sell-off in technology stocks across Asia, particularly in South Korea and Taiwan.

Oct 16, 2026 - 03:00
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IT stocks power Dalal Street rally as global AI trade loses steam
The rally came even as concerns over sticky US inflation and the prospect of further monetary tightening weighed on global markets, triggering a sell-off in technology stocks across Asia, particularly in South Korea and Taiwan.

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