H-1B fee deepens sell-off fears for already battered Indian IT stocks. What to expect on Monday?

Indian IT stocks came under pressure after US President Donald Trump announced a steep hike in H-1B visa fees to $100,000 per year. While the increase applies only to fresh applications, it has rattled investors given that over 70% of H-1B holders are Indians. ADRs of leading IT firms plunged immediately, underscoring the sector’s vulnerability.

from Markets-Economic Times https://ift.tt/IED2Z43
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