Economic TimesLean R·
Industrial stocks lose momentum as Iran war, AI reversal take toll
Industrial shares have seen a sudden reversal, falling significantly after reaching record highs recently. Rising oil prices and a reversal in the artificial intelligence trade are impacting this sector. Technical indicators signal potential further declines as the index drops below key moving averages. Higher production costs and borrowing expenses threaten manufacturers amid elevated valuations. However, some signs suggest the worst of the selloff might already be over.
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