Asian tech stocks slump as AI rout deepens on disappointing U.S. earnings

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• Reliance Q2 Results 2026 today: RIL near 52-week low; buy Mukesh Ambani-owned stock? Experts sees 23% YoY profit growth

  Market analysts project substantial quarterly gains for the conglomerate, primarily driven by a sharp rebound in its core refining and petrochemical operations. Although near-term equity performance has weakened, operational tailwinds such as favorable middle-distillate cracks and currency depreciation are counterbalancing headwinds in the retail division. Consequently, technical analysts view the recent valuation dip as an attractive entry level backed by defined recovery targets.

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• India's Extreme Poverty Drops From 27.1% To 2.6% In 12 Years: World Bank

  International development data indicates that nationwide economic momentum has drastically reduced the share of citizens living in severe hardship over more than a decade. The World Bank attributes this transformation to broad-based economic drivers, including rising consumer spending and robust workforce expansion. Notably, heightened employment access for female workers served as a critical pillar in driving this substantial social and financial progress.

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• Q2 results impact: 2 Vedanta stocks rally up to 14% after Sept quarter earnings. How have they performed since demerger?

  Strong operational turnarounds in the September quarter triggered a sharp rebound for the newly independent energy units spun off from the parent conglomerate in June. Both entities reversed prior-year losses through higher revenues and improved operating margins. However, the surge only partially cushions longer-term declines, as both equities remain substantially depressed compared to their initial market debut prices.

  3 min read