South Korea and Taiwan market caps declined significantly after initial gains. This fall was driven by concerns over artificial intelligence capital expenditure sustainability. Taiwan slipped to seventh and South Korea to tenth in global stock market rankings. Indian equities showed resilience, with the Sensex posting a modest gain. India now holds the sixth spot with a market capitalization of $5.1 trillion.

SINGAPORE: Asian stocks sank on Wednesday (Jul 29), extending a vicious selloff as anxiety about artificial intelligence (AI) valuations and whether the massive spending will…

South Korea and Taiwan market caps declined significantly after initial gains. This fall was driven by concerns over artificial intelligence capital expenditure sustainability.…