Overall Market Overview Global markets experienced mixed performance as investors rotated out of high-growth technology stocks and selectively moved into cyclical and commodity-linked sectors. Risk appetite remains cautious amid valuation concerns in tech, while policy developments and regional catalysts supported Asian equities. US Markets – Tech-led Pullback US equities retreated as profit-taking hit technology stocks. The Dow Jones$DJIA(.DJI)$ fell 0.3%, the S&P 500 $S&P 500(.SPX)$ declined 0.8%, and the Nasdaq $NASDAQ(.IXIC)$ dropped 1.4%.
$Alphabet(GOOG)$ Over the past few months, market sentiment has clearly shifted more positive, with Jim Cramer highlighting the company’s enduring dominance in search and the long-term monetization power of YouTube. More importantly, Gemini AI has emerged as a credible growth catalyst, reinforced by its strategic partnership with Apple. This optimism is echoed by institutions, with RBC Capital and Bank of America reiterating Buy ratings and raising price targets to the $370–$375 range, underscoring attractive upside potential.
$Taiwan Semiconductor Manufacturing(TSM)$ Fiscal Q4 revenue rose 20.5% year-over-year, while net income and diluted EPS both rose 35.0%. In US dollars, fiscal Q4 revenue reached $33.73 billion, up 25.5% year-over-year and up 1.9% from the previous quarter. Wendell Huang, Senior VP and Chief Financial Officer of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), stated that the company’s strong fiscal Q4 results were supported by solid demand for its leading-edge process technologies, and management expects these trends to continue in fiscal Q1 2026.
$Tesla Motors(TSLA)$ Tesla, Inc. (NASDAQ:TSLA) could be a beneficiary of a new development in which Canada agreed to the removal of 100% tariffs on Chinese-made EVs, according to Reuters. On January 19, Reuters reported that Canada is lowering the EV-import tariff to 6.1% from 100% as part of trade deal normalization with China. As per the deal, Canada will allow the import of over 49,000 EVs annually from China, with the quota rising to 70,000 within five years. With Tesla’s strong presence in Canada, it could be a great deal for the EV maker. The company already has 39 stores across the country, and an existing logistics setup is a plus. Since Tesla’s largest factory is in Shanghai, it is planning to build a Canada-specific version of the M