Tiger Global losses marked one of the biggest dollar declines for a hedge fund in history
This process, according to Wood, is already well underway with Netflix now down 69 per cent year-to-date (YTD)
The NSE Nifty 50 index fell 1.89% to 17,142.50, as of 0445 GMT, while the S&P BSE Sensex slid 2.15% to 57,089.44
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Analysts expect the Bengaluru-based firm to post flat-to-negative EBIT margin due to higher attrition, lower utilisation, and rising travel expenses.
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Proposes disclosure of relevant KPIs made before pre-IPO investors
Megacap names such as Meta Platforms Inc, Google-owner Alphabet Inc, Tesla Inc and Microsoft were up between 1.2% and 2.5%
Many market participants hoped that earnings from the big, tech-focused stocks that have led markets for years would lend equities a modicum of support after January's sharp declines
MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.4%, led by a 1.5% rise for the Hang Seng index in its first day of trading after this week's Lunar New Year holidays.
MSCI's 50-country main world index is now down over 8.1% for the month, which will be its worst January since the 2008 global financial crisis year.
The S&P 500 was up 63.50 points, or 1.46%, at 4,413.43, and the Nasdaq Composite was up 170.15 points, or 1.26%, at 13,712.27
US stocks whipsawed between steep losses and modest gains before ending well off session lows, with rate-sensitive tech stocks weighing most heavily
The Nikkei dropped 0.55% to 27,371.11 as of the midday break, with startup investor SoftBank Group being the biggest drag on the index, slipping 3.13%
The Nasdaq 100 tumbled 7.5% this week as what started as an aggressive selloff in speculative corners spread to the rest of the market.
More than $1.7 trillion in value has been erased from the Nasdaq 100 in January, with the tech-heavy gauge entering a correction this week after falling more than 10% from a recent peak
Goldman Sachs expects Fed to hike rates four times in 2022; Tesla down on price hike plan for driver assistant software
US yields rose as bond investors geared up for interest rate hikes from the Federal Reserve by mid-year to curb stubbornly high inflation
Covid-19 has accelerated the growth of IT companies with rise in demand for digitisation