India, July 17 -- Sentiment in global markets deteriorated amidst renewed fears about the global AI trade and stretched valuations of chipmakers. The escalating geopolitical tensions in the Middle East as well as fears about a potential closure of shipping through the Red Sea also weighed on crude oil prices as well as interest rate expectations.
Wall Street Futures are trading in negative territory amidst a global chip rout. Major benchmarks in Europe are trading in the red. Earlier in the day, Asian markets had finished trading with heavy losses amidst a deepening selloff in chipmakers.
Dollar Index has edged up from the flatline. Bond yields mostly eased.
Crude oil price benchmarks extended gains amidst threats to shipping through the...