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A Trillion-Dollar Selloff
By HDFC SKY | Last Updated: Jun 8, 2026
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Global markets saw a sharp selloff driven by tech weakness, rising yields and renewed rate hike fears after strong jobs data. Semiconductor stocks led losses, erasing $1.4 trillion. Oil prices rose amid geopolitical tensions.
Central banks stayed cautious. India showed resilient growth but maintained steady policy. Near term sentiment remains fragile with volatility elevated across global and domestic markets overall.
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