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Asian equities traded mixed as the AI and tech rally cooled, with Hong Kong's Hang Seng inching up while Shenzhen and Shanghai fell. Wall Street also saw a softer mood, with the S&P 500 retreating from a record high and chipmakers leading declines. Oil prices remained elevated due to ongoing disruptions in the Strait of Hormuz.

Wall Street stocks surged on Friday, with the S&P 500 and nasdaq nearing record highs, buoyed by stronger-than-expected US jobs data. Despite ongoing Middle East tensions and oil price concerns, positive corporate earnings from companies like Monster Beverage and Akamai Technologies also fueled the rally, indicating economic resilience.

US stocks retreated on Tuesday as rising oil prices and sticky inflation cooled Wall Street's rally. Technology shares, particularly AI-linked companies, led the decline. Concerns over the Iran conflict and its impact on crude supplies fueled inflation worries, strengthening expectations of prolonged elevated interest rates.

Asian markets saw a downturn Friday, with investor enthusiasm for AI stocks waning due to inflation worries, high oil prices, and Middle East tensions. Despite this, Wall Street reached new peaks overnight, buoyed by tech gains and strong corporate earnings. Investors are closely watching US-China trade talks for any significant breakthroughs.

Claire Mazumdar, 37 years of age, currently heads Bicara Therapeutics as its founder and CEO. The firm, which was incubated by Biocon and later listed on nasdaq, went public in 2024 and now has a market valuation of over $1.6 billion.

Asian markets showed mixed trading as AI stock momentum waned, oil prices stayed high, and inflation worries persisted. Japan's Nikkei saw a slight gain, while South Korea's Kospi recovered some losses. Concerns over stalled US-Iran talks and hotter US inflation data contributed to investor caution across the region.

Despite the bullish undertone in equities, several risk factors continue to keep investors on edge. The rupee touched a fresh record low after breaching the 95.8 mark against the US dollar for the first time.

Why Claire Mazumdar? Because, according to her aunt and Biocon founder Kiran Mazumdar-Shaw, "I think she has proved to me that she can run a company."

Wall Street saw a mixed trading session Friday, with the nasdaq and S&P 500 climbing on strong Intel earnings and AI optimism. However, the Dow Jones dipped. Meanwhile, oil prices eased on potential US-Iran diplomatic talks, and a ceasefire extension between Israel and Lebanon boosted sentiment. Tech giants like Meta and Microsoft announced job cuts amidst AI investments.