HFELHenderson Far East Income Limited
259.00GBp+0.78%Mkt Cap: 650.44M $P/E: 3.60

Henderson Far East Income Limited is a closed ended balanced mutual fund launched and managed by Henderson Investment Funds Limited. The fund is managed by Henderson Global Investors Limited. It invests in the public equ…

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AI fears wipe out $50 billion from Indian IT stocks in February

Indian IT shares logged their worst week in more than 10 months on Friday, ‌extending a rout driven by fears of disruption from artificial intelligence tools ‌that wiped about $50 billion off the sector's market capitalisation so far in February. The launch of a ​tool by tech startup Anthropic last month triggered a global tech sell-off and intensified concerns that rapid adoption of generative AI could upend India's $283 billion IT services industry. Analysts at ‌J.P. Morgan flagged investor concerns ⁠that India's IT firms could miss growth targets as AI pushes clients to reallocate spending.

Reuters