Bank of America reported that its consumer segment remains on solid footing, while ASML shares dropped following its latest earnings release, adding divergent signals to an already cautious earnings season. Bank of America's assessment of consumer health carries weight given its scale as one of the largest U.S. retail banks, with deposit and spending data spanning millions of accounts. ASML, the Dutch semiconductor equipment maker whose lithography systems are essential to advanced chip manufacturing, saw its stock decline, reflecting investor concern over order flow or forward guidance, details that will shape expectations across the semiconductor supply chain. The contrast between resilient U.S. consumer banking and pressure on semiconductor capital equipment is notable: it suggests household finances have not yet deteriorated materially, while chip industry capex cycles are facing a more cautious reset. Analysts will parse both reports for signals on credit quality trends at Bank of America and booking momentum at ASML heading into 2025.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
