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Space Junk Scare: China Delays Shenzhou‑20 Return After Suspected Debris Strike — What It Means for Astronaut Safety, Markets and the Space Race

Space Junk Scare: China Delays Shenzhou‑20 Return After Suspected Debris Strike — What It Means for Astronaut Safety, Markets and the Space Race

Key facts: China’s Manned Space Agency said Shenzhou‑20’s return, originally scheduled for Wednesday, Nov. 5, is postponed after the spacecraft was “possibly hit by tiny bits of space debris.” An impact analysis and risk assessment are in progress; no revised landing time has been announced. Reuters

Stock Market Today

  • KPIT Technologies sinks 15% after dim FY27 view, JPMorgan cuts to Underweight
    July 1, 2026, 2:33 AM EDT. KPIT Technologies shares tumbled more than 15% and hit their lower circuit after the company warned on Q1 FY27 profits. KPIT said Q2 revenue will likely stay flat. JPMorgan lowered its rating to 'Underweight' from 'Neutral' and slashed the target price to Rs 550 from Rs 700. The firm pointed to weaker spending from European auto makers, highlighting cuts at BMW and Volkswagen, and warned KPIT's revenue could drop for a second year. JP Morgan flagged pressure on EBITDA and net margins, with little room for cost cuts in the near term. KPIT stock is down 54% this year, far behind the Nifty 50.
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