Verified report from bloomberg.com
NewsMatic brief
China’s push for global AI supremacy is increasingly benefiting companies that supply the rest of the world, with investors favoring such stocks as fierce competition hurts their domestically focused peers.
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Read the full report at bloomberg.com →Related coverage
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The MSCI India Consumer Discretionary Index is up more than 3% this quarter.
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Asian bonds rose alongside Treasury futures as oil prices extended their decline after the US signaled progress in diplomatic efforts to end the war with Iran. Stocks edged up.
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Shares of major banks, insurers and online travel agencies slid on Tuesday as investors fear that tools like Meta Platforms Inc.’s personal AI agent could disrupt businesses that benefit from so-called consumer inertia, the tendency to keep buying something out of habit even when a better alternative exists.
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