{"id":30624,"date":"2025-09-22T08:12:11","date_gmt":"2025-09-22T08:12:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/30624\/"},"modified":"2025-09-22T08:12:11","modified_gmt":"2025-09-22T08:12:11","slug":"indian-tech-stocks-slump-nearly-3-after-trump-imposes-hefty-h-1b-visa-fees","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/30624\/","title":{"rendered":"Indian tech stocks slump nearly 3% after Trump imposes hefty H-1B visa fees"},"content":{"rendered":"

Indian tech stocks fell nearly 3% Monday after U.S. President Donald Trump<\/a> announced<\/a> late Friday a $100,000 visa fee for new H-1B visas, which are reserved for high-skilled foreign workers. Of the nearly 400,00 H-1B visas issued in 2024, 71% were for Indian nationals.<\/p>\n

Nine of the 10 Indian IT companies on the Nifty IT sub-index were down, with losses led by Mphasis<\/a>, which fell over 4%, Persistent Systems<\/a>, which was down 3.8% and LTIMindtree<\/a>, which shed 3.79%. <\/p>\n

The new fees could push Indian companies to offshore more employees who are in the United States, Manishi Raychaudhuri, CEO of Emmer Capital Partners, told CNBC’s “Inside India<\/a>” Monday.<\/p>\n

This “would lead to a decline in the headline revenue that these IT majors generate because offshoring is a high-margin but low-revenue activity,” he added. <\/p>\n

He estimated that the net impact in the immediate term “to be between 2% to 4% as far as the earnings of these companies are concerned,\u00a0which is getting reflected in the way these stocks are trading today.”<\/p>\n

India’s benchmark Nifty 50<\/a> was down 0.12%, while the Sensex index fell 0.48%.<\/p>\n

Shares of Adani Power<\/a> skyrocketed over 15% after its five-for-one stock split took effect Monday. The Indian thermal power firm said that its shareholders had approved the split of one share of the company with a face value of 10 Indian rupees (about $0.11), into five shares at two rupees each, according to a filing earlier this month<\/a>.<\/p>\n

Companies typically split stocks to make them more accessible to investors, which also increases the firm’s liquidity.<\/p>\n

Over in China, the CSI 300 rose 0.46% after its central bank kept the loan prime rates (LPR) unchanged<\/a> for the fourth month in a row, in line with a Reuters poll. The decision to stand pat comes after the U.S. Federal Reserve lowered its rates by 25 basis points last week.<\/p>\n

The People’s Bank of China kept the one-year LPR unchanged at 3.0% while the five-year LPR remained at 3.5%, according to a statement Monday<\/a>. The one-year LPR influences most new and outstanding loans, while the five-year rate influences the pricing of mortgages.<\/p>\n

Hong Kong’s Hang Seng Index fell 1%, while the Hang Seng Tech Index declined 1.18%.<\/p>\n

Japan’s benchmark Nikkei 225<\/a> index rose 0.99% to close at 45,493.66, while the Topix index advanced 0.49% to end the trading session at 3,163.17. The 10-year Japanese Government Bonds rose 0.67% to 1.650, the highest level since July 2007.<\/p>\n

South Korea’s Kospi<\/a> index added 0.68% to close at 3,468.65, while the small-cap Kosdaq jumped 1.3% to close at 874.36. <\/p>\n

Shares of Samsung Electronics<\/a> jumped over 4% on local media reports<\/a> that Nvidia<\/a> had approved the South Korean chipmaker’s fifth-generation high-bandwidth-memory product. The approval reportedly came after several failed attempts spanning almost 18 months to meet Nvidia’s demanding performance standards.<\/p>\n

Australia’s ASX\/S&P 200 increased 0.43% to close at 8,810.9.<\/p>\n

U.S. equity futures were little changed in Asian hours following a strong week for the major averages. The Dow Jones Industrial Average and S&P 500 closed at fresh all-time highs as the Fed’s rate cut set in investors’ minds.<\/p>\n

Markets are now pricing in two more quarter-point cuts between now and the end of the year, according to the CME FedWatch Tool.<\/p>\n

On Friday stateside, the\u00a0Dow Jones Industrial Average<\/a>\u00a0added 172.85 points, or 0.37%, to close at 46,315.27, reaching a fresh record high. The\u00a0S&P 500<\/a>\u00a0settled up 0.49% at 6,664.36, while the\u00a0Nasdaq Composite<\/a>\u00a0advanced 0.72% to finish at 22,631.48.<\/p>\n

\u2014 CNBC’s Anniek Bao, Sarah Min, Pia Singh and Alex Harring contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Indian tech stocks fell nearly 3% Monday after U.S. President Donald Trump announced late Friday a $100,000 visa…\n","protected":false},"author":2,"featured_media":30625,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[3199,941,114,357,7256,3200,7255,6420,54,184,3449,85,4486,46,7258,26228,190,3197,1677,11773,2965,2966],"class_list":["post-30624","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia-economy","tag-breaking-news-markets","tag-business","tag-business-news","tag-central-banking","tag-cnx-nifty-index","tag-currency-markets","tag-donald-j-trump","tag-donald-trump","tag-economy","tag-hang-seng-index","tag-il","tag-interest-rates","tag-israel","tag-kospi-index","tag-ltimindtree-ltd","tag-markets","tag-nikkei-225-index","tag-nvidia-corp","tag-samsung-electronics-co-ltd","tag-world-economy","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/30624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=30624"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/30624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/30625"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=30624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=30624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=30624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}