Nasdaq futures rose Thursday after Taiwan Semiconductor Manufacturing Company (TSMC) reported results that lifted sentiment across the technology sector. TSMC's earnings signaled continued robust demand for advanced chips, providing a floor for investor confidence in semiconductor and AI-linked equities that had faced pressure from recent macro uncertainty. TSMC occupies a structurally critical role in global chip supply chains, serving as the primary manufacturer for leading fabless designers including Apple, Nvidia, and AMD. When TSMC signals demand strength, it functions as a leading indicator for the broader technology hardware and AI infrastructure cycle, which is why its quarterly prints move markets well beyond its own stock. Futures gains in Nasdaq-linked contracts reflect that dynamic directly: expectations for downstream earnings at chip designers and cloud platform operators tend to reprice on TSMC's forward guidance. Investors are now watching whether the momentum carries into cash equity trading and whether other large-cap tech names confirm the demand signal in their own upcoming reports. The key variable going forward is whether TSMC's demand visibility extends beyond near-term orders into the second half of the year, particularly for AI accelerator chips where lead times and capacity allocation remain the primary constraints.
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.
