Indian stocks bucked a broad Asian selloff Thursday, with the Sensex jumping more than 800 points as lower oil prices, a stronger rupee and gains in IT and banks lifted the market.
Asia-Pacific growth is expected to slow to 4.8% in 2026 and 4.4% in 2027, with the IMF warning that AI-driven gains are increasingly concentrated among technology exporters while weaker economies face higher energy and financing costs.
Global smartphone shipments fell about 22% in the September quarter as rising memory-chip prices squeezed manufacturers and accelerated a shift toward fewer, more expensive devices.
