Are Indian investors sitting on a bubble?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 25 July 2024
⏱️ 14 minutes
🧾️ Download transcript
Summary
Biden says it’s time to ‘pass on the torch’, China and the Philippines struck a deal to reduce tensions in the South China Sea, and the Nasdaq composite fell 3.6 per cent yesterday. Plus, the FT’s Chris Kay explains how young investors are gambling on Indian stocks.
Mentioned in this podcast:
The flashpoints that threaten a détente between China and the Philippines
Beijing and Manila strike deal to reduce tensions in South China Sea
US stocks sink after Big Tech earnings disappoint
The young investors gambling on Indian stocks
Credit: ABC NEWS
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Denise Guerra, Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | The UK's energy partner. The UK. Good morning from the Financial Times. Today is Thursday, July 25th. And this is your |
| 0:17.3 | F.T. news briefing. The US President Joe Biden addressed the nation for the first time since dropping his re-election |
| 0:24.6 | bid. |
| 0:25.6 | And a brand new security agreement between China and the Philippines isn't instilling a ton of confidence |
| 0:31.7 | in the region. |
| 0:33.0 | Plus, young people are piling into India's stock market, |
| 0:37.0 | but is it a bubble that's just waiting to burst? |
| 0:40.0 | A lot of people have described this to me as the only legal form of gambling in India and the odds are very much stacked against these young traders. |
| 0:52.0 | I'm Mark Filipino and here's the news you need to start your day. High flying U.S. tech stocks are, well, they're flying a lot lower these days, and yesterday made things even worse. |
| 1:16.7 | The NASDAQ composite fell more than 3.5% on Wednesday. |
| 1:21.1 | That's in part because of bad earnings reports from Tesla and Alphabet the day before. |
| 1:26.7 | But it's also part of a weeks-long slump that the tech sector is going through. |
| 1:31.2 | Investors have been worried that the overall market has become too reliant on big tech stocks |
| 1:36.4 | and now it looks like the Federal Reserve might lower interest rates soon. |
| 1:40.0 | That makes investors feel safer about investing in smaller companies or small cap stocks. |
| 1:45.6 | Just look at the past month. |
| 1:47.6 | The Tech Heavy NASDAQ has sunk 2% but the Russell 2000 index of small cap stocks, that's up more than 9%. |
| 1:57.0 | Joe Biden says it's time to pass the torch to a new generation. |
| 2:07.0 | You know there is a time and a place for long years of experience in public life. |
| 2:12.0 | There's also a time and a place for new |
... |
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