Kospi's mammoth 17% surge spells caution for Indian IT stocks. Why TCS, Infosys, others are down up to 5%

Indian IT stocks fell up to 4.5% as global AI optimism grew. Shares of TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra dropped after South Korea’s Kospi rallied 17%. Investors worry that Indian firms depend too much on global spending, even as tech giants like Microsoft and Amazon showed strong growth.