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Equity Alert: Asian indices rise; Kospi continues rally, near record high

MUMBAI--0751 IST--Asian indices opened on a positive note Wednesday, tracking overnight gains in the US market which closed at a record high. South Korea's Kospi was up 1.4% and was the top gainer among the region's indices.

South Korea's seasonally adjusted unemployment rate rose slightly to 2.6% in August compared with July's 2.5%, CNBC reported. The Kospi is near its all-time high as optimism over domestic policy reforms and positive global tailwinds helped extend the rally, Bloomberg reported.

The index has surged nearly 38% so far this year and is among the biggest gainers among major indices around the world. The rise is on hope that President Lee Jae Myung may scrap a previous proposal that would lower the threshold for the capital gains tax on stocks, the Bloomberg report said.

China's CSI 300 was up 0.1%. The country's inflation was flat on month in August, compared with a fall of 0.2% expected by Reuters. Its producer prices fell 2.9% on year, in line with Reuters' estimate and a lower fall than the 3.6?cline in July. Among top gainers, Foxconn Industrial Internet, Hygon Information Technology and AVIC Shenyang Aircraft were up 4-9%.

Following were the levels of key Asian indices at 0747 IST:

(Akash Mandal)

Informist, Wednesday, Sept. 10, 2025 Tel +91 (22) 6985-4000

Equity Alert: US mkt at record high; payroll revision boosts rate cut hopes

MUMBAI--0733 IST--Equity indices in the US closed at record highs Tuesday, with a downward revision of the payrolls data boosting hope of a rate cut by the US Federal Reserve this month. A surge in shares of UnitedHealth led to the Dow Jones Industrial Average being the biggest gainer among the three benchmark indices.

The US economy likely added 911,000 fewer jobs in the 12 months through March than previously estimated, Reuters reported the government as saying. This suggested that job growth was already stalling before President Donald Trump launched his global tariffs. This data increased the probability of a 25-basis-point rate cut at the Fed's September meeting to 93.7% from 89.4?ay ago, according to the CME Fedwatch tool.

UnitedHealth surged nearly 9?ter the health insurer said it expects enrolment in top-rated Medicare insurance plans to be in line with its expectations, which could mean bigger payments from the government to the health insurer, Reuters reported. JPMorgan Chase gained 2?ter a senior executive said its investment banking revenue will grow in low double digits in the third quarter and markets revenue would grow in high teens. "That's all good news, signs of a good, thriving economy...M&A (mergers and acquisitions) is coming back after Trump's Liberation Day put a screeching halt to that," Reuters quoted Jed Ellerbroek, portfolio manager at Argent Capital, as saying.

Nebius skyrocketed 50?ter the artificial intelligence infrastructure company bagged a $17.4-billion deal from Microsoft. S&P 500 futures rose slightly late Tuesday on a positive forecast from Oracle, CNBC reported. Oracle surged 26% in extended trading after the technology major said multicloud database revenue from Amazon, Google, and Microsoft soared 1,529% in the previous quarter due to demand for artificial intelligence servers. This encouraged investors despite latest quarter earnings falling short of expectations, the CNBC report said.

Following are the closing levels of US indices Tuesday:

(Akash Mandal)

End

US$1 = INR 88.10

Edited by Akul Nishant Akhoury

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