Market movers to watch: miners rally, software rout deepens, Walmart hits $1 trillion milestone
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Asia Markets Rally After U.S.–India Tariff Shift; Commodities and Tech Moves Stoke Optimism
A sudden U.S.–India tariff adjustment and a compact batch of corporate and policy developments reversed Monday’s losses across Asia, with India’s index and South Korea’s Kospi leading the bounce. Broader market volatility was amplified by Fed‑leadership uncertainty, a Justice Department inquiry report, storm-related operational disruption and strained crypto liquidity — forces that both propelled and complicated the rebound.

Nvidia Pushes Back on OpenAI Rift as AI-Fueled Selling Drags Software and Asset Managers
Nvidia’s CEO publicly pushed back on reports that a once‑prominent framework with OpenAI had broken down, stressing the talks were being mischaracterized and that any early memorandum was nonbinding. Markets nonetheless punished software and asset-management names as investors and credit desks repriced the prospect that generative AI will compress incumbent software economics and raise credit risk in private‑credit books.

