Meta shares fell 10.3% to around $600 on Wednesday, the stock's steepest single-day drop in six months, even after the company posted stronger-than-expected Q1 revenue of $56.3 billion. The selloff signals that investors are growing impatient with the pace and payoff of Meta's AI spending push. The concern is straightforward: Meta is pouring money into AI infrastructure, but there is no clear near-term revenue line tied to that spending. When costs rise faster than confidence in returns, markets reprice the stock down, regardless of the headline beat. Adding pressure was a separate worry about declining user engagement, which matters because Meta's core business runs on advertising dollars that depend directly on how much time people spend on its platforms. Watch for Meta's next earnings call for any update on AI monetization timelines or changes to capital expenditure guidance. Either could move the stock sharply in either direction.
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.
