Global markets tumble amid tech selloff and Fed rate-hike concerns, while oil tanker rates surge and emerging markets show mixed signals on geopolitical developments.

Wall Street's major indices fell to one-week lows as the Nasdaq and S&P 500 suffered sharp declines in semiconductor stocks, driven by investor concerns about a more hawkish Federal Reserve and mounting scrutiny of artificial intelligence spending sustainability.

Gulf oil tanker rates nearly doubled this week following increased exports from Middle East producers, with hire costs surging through the Strait of Hormuz region as operators reap record profits amid elevated shipping demand.

Most Gulf equity markets closed lower on Tuesday as investor caution intensified alongside Fed rate-hike expectations, with regional bourses experiencing broad-based declines across major indices.

Select Technologies raised Rs3.02 billion through its initial public offering at the Pakistan Stock Exchange, selling 88.88 million shares at Rs34 per share in a significant capital market activity for South Asian markets.

India announced a 2% stake divestment in Indian Railway Finance Corp through an offer for sale, with the government selling 1% equity alongside institutional investor participation in the infrastructure financing entity.

Tech-heavy index funds pose hidden concentration risks, with the S&P 500's top 10 stocks dominating portfolio composition at unprecedented levels, prompting investor concerns about portfolio vulnerability to sector-specific downturns.

Intel's CEO delivered a reality check to investors amid the broader semiconductor sector weakness, as the chipmaker faces headwinds alongside industry peers experiencing significant stock price declines.

Americans' 401(k) retirement account balances reached record levels last year according to Vanguard's latest report, marking continued strength in workplace retirement savings despite broader market volatility concerns.

India's industry lobby chief urged faster investor dispute resolution and improved working conditions for foreign firms to enhance competitiveness and drive annual growth toward 8-10% targets amid global capital competition.

Global financial stability risks are mounting from international imbalances, according to Bank of Canada Governor Macklem, signaling central bank concerns about cross-border economic pressures and asset valuation concerns.