SpaceX's Brutal Post-IPO Slide — Shares Fall Below $150, Market Cap Drops Under $2 Trillion
SpaceX shares fell below $150 on Tuesday, the fourth straight session of losses after debuting at $160.95 on June 12. The stock hit an all-time high of $201.80 then tumbled more than 26%, pushing the company below the $2 trillion market cap threshold. The reversal — from the most hyped IPO of the decade to a 26% drawdown in under two weeks — has become the dominant market story of the week. Analysts cite aggressive post-IPO profit-taking, stretched valuations, and broader tech risk-off sentiment amid Fed hawkishness.
Source: CNBC · Read more →
Tech & Chip Stock Rout — Micron Drops 10%, Marvell 8%, Sandisk 11% in Memory Sector Crash
A brutal memory-chip-led selloff hammered US tech stocks on Tuesday. Micron suffered its worst single-day drop since June 5 — falling more than 10% — dragging Marvell Technology down 8% and Sandisk 11%. The rout rippled overnight across Asian markets, hitting South Korean chipmakers hardest. Money rotated sharply into defensives: Walmart gained over 2%, Johnson & Johnson rose, and Coca-Cola climbed 0.6% as investors fled growth for safety in consumer staples amid rising rate fears.
Source: CNBC · Read more →
S&P 500 Falls 1.44% to 7,365 — Nasdaq Slides 2.21% as Tech Rout Deepens
US equity markets closed broadly lower on Tuesday. The S&P 500 fell 1.44% to 7,365.46 and the Nasdaq Composite slid 2.21% to 25,587.04, led by losses in semiconductors and high-multiple growth stocks. The Dow Jones Industrial Average was relatively resilient, dipping just 0.09% as defensive names cushioned the blow. Over 70% of S&P 500 stocks declined — signalling a broad risk-off rotation rather than an isolated sector correction.
Source: CNBC · Read more →
Fed Drama Under Warsh — Hawkish Tone Shift Has Markets Bracing for Tighter, Longer Policy
Under new Federal Reserve Chairman Kevin Warsh, markets are recalibrating expectations for US monetary policy. Warsh's communications have struck a notably more hawkish tone than his predecessor, emphasising inflation vigilance over near-term growth support. Bond markets responded sharply — the 10-year Treasury yield climbed to 4.68% as traders priced out the rate cuts previously expected in late 2026. The shift is a key driver of the tech selloff, as higher discount rates erode the valuations of long-duration growth assets.
Source: CNBC / Bloomberg · Read more →
Iran Oil Sanctions Twist — US Treasury Issues Surprise Two-Month Waiver as Nuclear Talks Progress
In a move that caught energy markets off guard, the US Treasury issued a two-month licence allowing Iran to produce, sell, and deliver oil without penalty. The White House framed it as a reward for "meaningful progress" in nuclear negotiations — an unexpected diplomatic gesture amid persistent Middle East tensions. Oil prices dipped slightly on the news as markets priced in additional Iranian supply. The waiver expires in late August, adding a new variable to the global energy outlook for Q3 2026.
Source: CBS News / US Treasury · Read more →
A 40-Year-Old Children's Book Outsells Two Decades in One Week — The Economics of Viral Attention
"The Weighty Word Book," a vocabulary children's book by University of Colorado professors first published in the 1980s, sold more copies in a single week than in the previous two decades combined — after a short video went viral online. The story is a textbook case study in attention economics: how viral reach instantly converts into revenue without advertising spend. For commerce and management students, it illustrates demand creation, brand revival, and the economics of digital word-of-mouth at scale.
Source: CBS News · Read more →
Bounce Back — Nifty50 Up 182 Points, Sensex Gains 716 as IT, Banks, and Pharma Lead Recovery
Indian markets staged a sharp recovery on June 24 after the previous session's steep selloff. As of midday trading, the Nifty 50 climbed 181.95 points (0.76%) to 24,002.75 and the Sensex rose 716.32 points (0.94%) to 76,917.00. IT, private banks, and pharma led the rebound, while Nifty Cement jumped 1% to pace sectoral gains. Top individual gainers included Trent, InterGlobe Aviation, and ICICI Bank, with bargain hunters stepping in after the previous session's sharp decline.
Source: Business Standard · Read more →
June 23 Selloff — Sensex Drops 700 Points, Nifty Slips to 23,908 on Global Panic
A sharp global risk-off session on June 23 sent Indian markets tumbling. The Sensex fell over 700 points intraday to close at 76,419.03 (−0.88%) and the Nifty 50 ended at 23,908.60 (−0.81%), driven by weak global cues from the US chip stock rout, continued FII selling, rupee depreciation, and broad sectoral declines across metals, IT, and consumer discretionary stocks. The sharp one-day reversal erased the bulk of the prior week's gains across most indices.
Source: Angel One / Business Standard · Read more →
South Korea KOSPI Circuit Breaker Triggered — Index Plunges 9% as SK Hynix Falls 10%, Samsung 7.5%
South Korea's exchange triggered an automatic circuit breaker after the KOSPI plunged over 9% in one of its worst single-day sessions in years. The semiconductor-led rout saw SK Hynix collapse more than 10% and Samsung Electronics drop 7.5%, dragged down by Micron's overnight collapse on Wall Street and pessimistic global memory demand signals. The circuit breaker briefly halted trading but failed to stem the decline. The panic rippled across Asian markets, pulling down Taiwan, Japan, and India in early trading hours.
Source: Angel One / Reuters · Read more →
FII Selling & Rupee Under Pressure — Outflows of ₹636 Crore, Rupee Weakens to 94.69/Dollar
Foreign Institutional Investors remained net sellers on June 23, offloading ₹635.91 crore worth of Indian equities. The sustained outflow is driven by expectations of tighter US monetary policy under Fed Chairman Warsh, which strengthens the dollar and reduces the appeal of emerging market assets. The Indian rupee weakened to 94.69 against the US dollar — a multi-month low — amplifying negative sentiment across equity and bond markets as global capital reprices risk in a higher-for-longer interest rate environment.
Source: Angel One / SEBI · Read more →
IT and Metals Hit Hardest — Nifty IT Falls 2.08%, Metal Index Down 3.39% on Global Cues
Two of India's most globally exposed sectors bore the brunt of the June 23 selloff. The Nifty IT index declined 2.08%, dragging Infosys and TCS lower after Accenture's cautious revenue guidance and global brokerage downgrades raised concerns about discretionary tech spending in the West. The Nifty Metal index fell 3.39% on weak global commodity prices and rate-hike fears. FMCG and pharma provided relative cushion as investors rotated into domestically anchored, defensive consumption names.
Source: Angel One · Read more →
India VIX Spikes 9% Above 14 — Fear Gauge Signals Rising Near-Term Market Uncertainty
India VIX — the NSE's volatility index and primary market fear gauge — surged more than 9% to breach the 14-level on June 23, a significant jump after weeks of low-volatility range-bound trading. A VIX above 14 typically signals elevated hedging demand and protective put-buying as traders brace for larger swings. The spike reflects the convergence of multiple macro risks: hawkish Fed signals, sustained FII outflows, a weakening rupee, and spillover panic from South Korea's KOSPI circuit-breaker session.
Source: Angel One / NSE India · Read more →
JSW Infrastructure Jumps 5% on Bullish Outlook; CSM Technologies IPO Opens at ₹145.78 Crore
Against the broadly weak market backdrop, JSW Infrastructure shares surged 5% to ₹331.90 on heavy volumes, driven by a bullish business outlook and renewed investor appetite for India's port and logistics infrastructure theme. Meanwhile, CSM Technologies — a government technology solutions provider — opened its IPO today seeking to raise ₹145.78 crore. The company had already secured ₹20 crore from anchor investors, signalling early institutional confidence despite the global market turbulence weighing on broader sentiment.
Source: Business Standard · Read more →
S&P 500 Hits Record High Amid AI Investment Surge and Fed Pause
The S&P 500 crossed 6,100 points in June 2026, driven by strong earnings from tech and AI-linked sectors. The Federal Reserve held rates at 4.25–4.50%, signalling patience as inflation edges closer to the 2% target. Analysts say the dual tailwind of corporate profitability and stable monetary policy could sustain the rally through Q3.
Source: Bloomberg / Federal Reserve · Read more →
US Tariffs on Chinese Imports Remain at 145% — No Deal in Sight
The Trump administration's sweeping tariff regime on Chinese goods — ranging from 60% to 145% across categories including electronics, steel, and solar panels — remains fully in effect. Trade talks in Geneva broke down in May 2026 after disagreements over fentanyl enforcement and tech export controls. US importers are shifting supply chains to Vietnam, India, and Mexico.
Source: WSJ / USTR · Read more →
US Inflation Eases to 2.4% in May — CPI Report Shows Sticky Services Costs
The US Consumer Price Index rose 2.4% year-on-year in May 2026, down from 2.7% in April, according to the Bureau of Labor Statistics. Goods inflation has cooled significantly, but services — particularly housing and healthcare — remain elevated. The Fed's preferred PCE measure came in at 2.2%, giving markets confidence that rate cuts may resume in late 2026.
Source: US Bureau of Labor Statistics · Read more →
Sensex Crosses 85,000 as FII Inflows Surge on India Growth Story
The BSE Sensex crossed the 85,000 milestone in mid-June 2026, with foreign institutional investors (FIIs) pumping over ₹42,000 crore into Indian equities in the month. Strong Q4 FY26 corporate earnings, robust GST collections of ₹2.1 lakh crore, and India's position as the fastest-growing major economy are driving the rally. Banking, IT, and infrastructure sectors led gains.
Source: NSE / BSE · Read more →
RBI Cuts Repo Rate to 5.75% — Second Reduction of 2026 to Boost Growth
The Reserve Bank of India's Monetary Policy Committee (MPC) cut the repo rate by 25 basis points to 5.75% in June 2026 — its second cut this year. The decision was unanimous, reflecting easing retail inflation at 3.9% and the need to sustain GDP growth. Home loan and MSME lending rates are expected to soften in response, stimulating consumer spending and investment.
Source: Reserve Bank of India (rbi.org.in) · Read more →
India GDP Growth at 7.4% in FY26 — World's Fastest Major Economy Sustains Momentum
India's National Statistical Office confirmed GDP growth of 7.4% for FY2025-26, making India the fastest-growing major economy for the fourth consecutive year. Growth was driven by strong capital expenditure (₹11.1 lakh crore), manufacturing expansion under PLI schemes, and a services export boom. IMF projects 7.1% growth for FY27, contingent on monsoon performance and global trade stability.
Source: MOSPI / IMF World Economic Outlook · Read more →
India–US Bilateral Trade Hits $190 Billion — FTA Talks Enter Final Rounds
India–US bilateral trade in goods and services crossed $190 billion in FY26, with both governments expressing optimism about finalising a limited Free Trade Agreement by early 2027. Key sticking points include market access for US dairy and agricultural products and India's demand for restoration of GSP benefits. India is also repositioning as a beneficiary of US supply chain diversification away from China.
Source: Ministry of Commerce / USTR · Read more →
China Manufacturing PMI Falls to 48.8 — Contraction Deepens Amid Trade War Pressure
China's official manufacturing PMI fell to 48.8 in May 2026, the third consecutive month of contraction, as US tariffs weigh on export orders and weak domestic demand compounds. Beijing has accelerated infrastructure spending and expanded consumer subsidies, but economists warn structural overcapacity in steel, EVs, and solar panels remains a long-term drag on recovery.
Source: National Bureau of Statistics China · Read more →
China Expands Rare Earth Export Controls — Critical Minerals at Centre of US-China Rivalry
China tightened export licensing requirements for rare earth elements including gallium, germanium, and graphite in June 2026, escalating the technology trade war with the United States. These materials are critical for semiconductor manufacturing, EV batteries, and defence systems. India and Australia are accelerating rare earth extraction programmes as alternatives.
Source: Reuters / Ministry of Commerce China · Read more →
PBOC Cuts Reserve Requirement Ratio by 50bps — China Injects ¥1 Trillion in Liquidity
The People's Bank of China (PBOC) reduced the reserve requirement ratio (RRR) for banks by 50 basis points in May 2026, releasing approximately ¥1 trillion ($138 billion) in liquidity to support slowing growth. The cut came alongside a reduction in the 5-year Loan Prime Rate to 3.5%. Chinese equity markets responded positively but analysts caution that fiscal stimulus, not just monetary easing, is needed to restore investor confidence.
Source: People's Bank of China / Xinhua · Read more →
Bank of Japan Raises Rates to 0.75% — Yen Strengthens as BOJ Exits Ultra-Loose Era
The Bank of Japan raised its policy interest rate to 0.75% in June 2026, marking its third hike since ending negative interest rate policy in early 2024. The decision reflects rising wages — Japan's largest union confederation secured average pay increases of 5.2% in 2026 spring wage negotiations — and persistent core inflation at 2.6%. The yen strengthened to around ¥142 per dollar.
Source: Bank of Japan / Nikkei Asia · Read more →
Nikkei 225 Surges Past 44,000 — Corporate Governance Reforms and Warren Buffett Effect
Japan's Nikkei 225 index crossed 44,000 in May 2026, up nearly 22% over the past 12 months, as global investors pile into Japanese equities. Warren Buffett's Berkshire Hathaway increased its stakes in Japan's five major trading houses to over 8% each. Tokyo Stock Exchange's push for improved ROE and capital efficiency is bearing results — buybacks hit a record ¥17 trillion in FY26.
Source: Tokyo Stock Exchange / Nikkei Asia · Read more →
Global Tariff Wars Reshape Supply Chains — "China+1" Strategy Accelerates
The escalating US-China trade war, combined with EU carbon border adjustment mechanisms and India's PLI incentives, is fundamentally reshaping global manufacturing geography. Companies like Apple, Samsung, and Foxconn have accelerated their "China+1" strategies, with India, Vietnam, and Mexico absorbing the largest share of relocated capacity. The WTO estimates global goods trade growth will slow to 1.7% in 2026.
Source: WTO / Financial Times · Read more →
Oil Holds at $76/Barrel — OPEC+ Extends Cuts but Demand Outlook Uncertain
Crude oil prices stabilised around $76 per barrel in May 2026 after OPEC+ extended voluntary production cuts of 1.65 million barrels per day through Q3. The supply discipline is being tested by rising US shale output and softer-than-expected demand from China. The IEA revised its 2026 oil demand growth forecast down to 900,000 barrels/day, citing faster EV adoption in Europe and China.
Source: IEA / OPEC · Read more →