Warren Buffett's Strategic Moves Shake Up Stock Market

Billionaire Warren Buffett has significantly reduced Berkshire Hathaway's Apple stake, unsettling the stock market. Berkshire's newfound cash reserve, increase from USD 189 billion to nearly USD 277 billion, coupled with recent sell-offs in other major stocks, hint at Buffett's preparation for a potential economic downturn.

In a move that could potentially jolt the broader stock market, billionaire Warren Buffett has substantially reduced Berkshire Hathaway's Apple stake.

Although previously viewed as an enduring investment, recent sell-offs, including stocks like Bank of America and BYD, signal preparations for economic uncertainty.

With Berkshire's cash reserves surging to nearly USD 277 billion, market watchers see this as a cautious approach amidst recent weak tech earnings and other economic jitters.

(With inputs from agencies.)