<h1>50% US tariff sparks three-day equity selloff, hits large-cap tech/industrial and mid-small caps; exporters face legal risks</h1> A 50% US tariff on certain imports effective August 27 has prompted a three-day selloff in domestic equity benchmarks, with broad-based declines led by large-cap industrial and tech stocks and sharper hits to mid- and small-cap segments; foreign institutional investors reported net equity outflows while domestic institutions were net buyers. The tariff targets labour-intensive export sectors, raising legal and commercial risks for exporters and potential trade-competitiveness disputes. Market volatility and sectoral exposure may prompt corporate, regulatory and trade-policy responses. Separately, a major conglomerate disclosed plans for its telecom unit's IPO in H1 2026 and overseas expansion including in-house AI development, which could affect capital-raising and disclosure obligations.