Nasdaq falls at open after midterms-fueled surge as chip, data center stocks fall

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• Why Asian AI stocks tumbled after US midterm results as Kospi plunged over 5%; key reasons explained

  Investors aggressively dumped semiconductor, energy, and defense equities across regional exchanges following shifts in the American political landscape. Mounting political resistance in Washington is expected to curtail large-scale data center infrastructure projects and scrutinize heavy resource consumption. Additionally, expectations of reduced military engagements abroad further accelerated capital flight from regional industrial and technology powerhouses.

  3 min read
• MSEDCL targets February 2027 IPO, aims to raise over ₹10,000 crore

  State-led balance sheet restructuring has paved the way for public market participation following the absorption of legacy debt and the carve-out of agricultural distribution. This strategic move enables Maharashtra to clean up core power operations and access central reform incentives designed to tackle nationwide utility debt. A successful listing will help shore up capital for a utility currently providing power to tens of millions of consumers.

  3 min read
• A record 10% of first-time home buyers now pay in cash. Here’s where they get the money.

  Modern housing market dynamics are shifting as an unprecedented share of initial purchasers bypass traditional financing entirely. This growing reliance on full upfront capital highlights a notable transformation in standard real estate transactions. Even as affordability challenges persist, transactions funded without mortgages are expanding across the entire sector.

  1 min read