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Informist, Thursday, Jul. 24, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Most Asian mkts up in early trade; Japan's Topix at record high

 

MUMBAI--0803 IST--Most Asian indices extended the previous sessions's gains in early trade as sentiment was positive after US President Donald Trump struck a reasonable agreement with Japan. Reports also said that the US will sign a similar deal with European Union, lowering the import duties on European goods to 15% from 25?rlier. Japan's Nikkei 225 and Topix continued to be the outperformers. Meanwhile, Australian indices were marginally lower.

 

At 0801 IST, Japan's Nikkei was at 41991.12 points, up 2%, and Topix was nearly 2% higher at 2981.8 points. Earlier in the trading session, Topix hit its all-time high of 2984.25 points. This was primarily due to upbeat sentiment among investors following the country's agreement with the US which lowered import duties to 15% on Wednesday.

 

Among other indices, South Korea's Kospi gained 0.8% in early trade. The South Korean economy expanded by 0.6% sequentially in Apr-Jun, dodging a technocal recession, CNBC reported, citing advance estimates from the Bank of Korea. This was also higher than the 0.5% rise expected in a Reuters poll, and a rebound from the 0.2% contraction seen in the March quarter. 

 

Meanwhile, FTSE Singapore Straits Times was up 0.5%. The index also hit its lifetime high at 4256.14 points. China's CSI 300 and Hong Kong's Hang Seng were up 0.3-0.4%. Australia's S&P ASX 200 was the only index in red.  

 

Following are the levels of key Asian indices at 0801 IST: 

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4132.6625	0.31
Hang Seng Index	25636.54	0.39
Nikkei 225 Day	41991.12	1.99
TOPIX FIRST SECTION	2981.8	1.89
KOSPI	3209.93	0.82
FTSE Singapore Straits Times	4250.62	0.46
S&P/ASX 200 Index	8734.2	(-)0.03

 

(Gopika Balasubramanium)

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Equity Alert: US indices end higher on likely promising US-EU trade deal

 

 

MUMBAI--0735 IST--US indices ended higher Wednesday as traders rejoiced the possibility of a trade deal between the US and the European Union with lower import duties likely on European goods, similar to the agreement US President Donald Trump landed with Japan. Both S&P 500 and the Nasdaq Composite closed at a record high once again on Wednesday. 

 

The White House's deal with the EU would include a broader 15% tariff on EU goods that enter the US coast, Reuters reported, quoting two diplomats. This rate could also extend to cars imported from the region to the US, the report said. "The key thing is the markets have confidence that the White House is going to continue to work through these trade deals," Reuters reported Larry Tentarelli, chief technical strategist for Blue Chip Daily Trend Report, as saying.

 

The S&P 500 closed 0.8% higher at 6358.91 points and the Nasdaq gained 0.6% to end at 21020.02 points on Wednesday, ending at their respective lifetime highs. The Dow Jones Industrial Average closed at 45010.29 points, up 1.1%. 

   

Tesla closed slightly higher ahead of its quarterly earnings report. Investors will focus on the updates from the electric vehicle maker's analyst conference call. Meanwhile, shares of GE Vernova closed 14.6% higher after the power equipment maker raised its revenue and free cash flow forecasts and beat Wall Street estimates for June quarter profit.

 

Following are the closing levels of US indices Wednesday:

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	45010.29	1.14
NASDAQ Composite	21020.02	0.61
S&P 500	6358.91	0.78

 

(Gopika Balasubramanium)

 

End

 

US$1 = INR 86.40

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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