Equity Alert
Asian mkts rise in early trade; Japan's Topix at record high
This story was originally published at 08:03 IST on 7 August 2025
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Equity Alert: Asian mkts rise in early trade; Japan's Topix at record high
MUMBAI--0758 IST--Most Asian indices were higher in early trade Thursday, tracking overnight gains in the US market. Japan's Topix briefly rose to an all-time high and was up nearly 1%. Investors await more details on US President Donald Trump's threats to impose tariffs on semiconductors.
Japan's other major index, the Nikkei 225, was also up nearly 1%. China's CSI 300 was flat. Foxconn Industrial Internet Co., China Pacific Insurance Group, and Guotai Haitong Securities were up 1-5%. On the other hand, AVIC Shenyang Aircraft was down over 2% in early trade.
South Korea's Kospi was up 0.5%. HYBE, Kakao, and HD Hyundai Heavy Industries rose 3-6%. However, chipmaker SK Hynix fell 3% amid Trump's tariff threats. Rise in technology and automobile stocks led the gains in the South Korean market, Korea JoongAng Daily reported. Heavyweight Samsung Electronics rose nearly 2% on reports that the company will manufacture Apple's next-generation processor at its foundry in the US. Hyundai Motor rose over 1?ter reports said the company and US-based General Motors will jointly develop five new models for the American markets.
Following are the levels of key Asian indices at 0752 IST:
INDEX |
LEVEL |
CHANGE IN % |
CSI 300 Index |
4114.0459 |
0.01 |
Hang Seng Index |
24971.67 |
0.25 |
Nikkei 225 Day |
41139.67 |
0.85 |
TOPIX FIRST SECTION |
2992.90 |
0.89 |
KOSPI |
3213.09 |
0.47 |
FTSE Singapore Straits Times |
4256.66 |
0.69 |
S&P/ASX 200 Index |
8836.30 |
(-)0.08 |
(Akash Mandal)
Equity Alert: US indices rise on upbeat earnings; Apple closes 5% higher
MUMBAI--0730 IST--US indices ended higher Wednesday, boosted by upbeat corporate earnings and a fall in crude oil prices. Oil prices were choppy and finally closed lower as US President Donald Trump's remarks about progress in talks with Russia created uncertainty on whether the US would impose new sanctions on the country, Reuters reported.
The technology-heavy Nasdaq Composite ended the session over 1% higher. "Earnings are seeing a mixed reaction...particularly for a few of the AI names, expectations were just extremely high, but by and large, the earnings in aggregate have been good enough to keep a floor under the market," Reuters quoted Ross Mayfield, investment strategy analyst at Baird, as saying. Around 81% of S&P 500 companies that have announced their earnings so far have beat the Street's expectations.
Apple surged 5?ter CNBC reported that the company was going to boost its investment in domestic manufacturing by $100 billion, bringing its total US investment to $600 billion over the next four years. McDonald's closed nearly 3% higher after the fast-food restaurant chain's second-quarter results beat the Street's estimates on the top line and the bottom line. Arista Networks also surged 17% on stronger-than-expected earnings. On other hand, Snap plunged 17?ter its revenue came in slightly below expectations, while Advanced Micro Devices fell more than 6?ter its adjusted earnings per share missed estimates.
The rise in the market was aided by a fall in crude oil prices. Brent crude oil futures ended lower for the fifth straight session on Wednesday, closing 1.1% lower at $66.89 barrel. Trump Wednesday said that his special envoy Steve Witkoff has made "great progress" in his meeting with Russian President Vladimir Putin as the US continued its preparations to impose secondary sanctions on the country, Reuters reported. Trump has threatened additional sanctions on Russia if it does not end the ongoing conflict in Ukraine.
Following are the closing levels of US indices Wednesday:
INDEX | LAST LEVEL | CHANGE IN % |
Dow Jones Industrial Average | 44193.12 | 0.18 |
NASDAQ Composite | 21169.424 | 1.21 |
S&P 500 | 6345.06 | 0.73 |
(Akash Mandal)
US$1 = INR 87.73
End
Edited by Ashish Shirke
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