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Informist, Monday, Aug. 4, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Many Asian indices sharply lower as US econ concerns weigh

 

MUMBAI--0806 IST--Many Asian indices were sharply lower in early trade Monday as fears regarding the US economy weighed on the sentiment. Japan's Nikkei 225 and Topix were down 1.9% and 1.5%, respectively, and were the worst hit in the region.

 

Losses in Japanese market were led by financial services stocks. Mizuho Financial Group and Mitsubishi UFJ Financial Group were down nearly 5% as Japanese government bond yields dropped sharply. The 10-year yield was down 8.5 basis points at 1.465%, Dow Jones Newswires reported. 

 

In the US, nonfarm payrolls increased by 73,000 jobs in July, after rising by a downwardly revised 14,000 in June. Economists polled by Reuters had forecast payrolls would increase by 110,000 jobs in July. With the June data being revised, the three-month average slowed to just 35,000 from 231,000 at the start of the year. 

 

"The report brings payroll growth closer in line with big data indicators of job gains and the broader growth dataset, both of which have slowed significantly in recent months...taken together, the economic data confirm our view that the US economy is growing at a below-potential pace," Reuters reported analysts at Goldman Sachs as saying.

 

Taiwan's IDX Composite and Australia's S&P/ASX 200 were also lower. China's CSI 300 was flat. South Korea's Kospi, Hong Kong's Hang Seng, and the FTSE Singapore Strait Times all traded in the green. 

 

Following are the levels of key Asian indices at 0800 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4055.5706	0.02
Hang Seng Index	24594.78	0.35
Nikkei 225 Day	40034.42	(-)1.88
TOPIX FIRST SECTION	2905.32	(-)1.47
KOSPI	3136.50	0.55
FTSE Singapore Straits Times	4181.57	0.67
S&P/ASX 200 Index	8637.10	(-)0.29

 

(Akash Mandal)

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Equity Alert: US indices end sharply lower; US tariffs, economic data weigh

 

MUMBAI--0747 IST--US indices ended sharply lower Friday as fresh US tariff-related news and a weaker-than-expected emplyment data dented sentiment. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite ended 1-2% lower. 

 

Shares of heavyweight Amazon plunged over 8?ter its quarterly result failed to meet lofty expectations for its Amazon Web Services cloud computing unit, Reuters reported. Apple fell nearly 3?spite beating the Street's expectations on earnings as chief executive officer Tim Cook warned US tariffs would add $1.1 billion in costs over time.

 

The US announced a host of trade deals before the Aug. 1 deadline including those with Canada, Brazil, India, and Taiwan. US employment data also came in below expectations as non-farm payrolls increased by 73,000 jobs in July, after rising by a downwardly revised 14,000 in June. Economists polled by Reuters had forecast payrolls would increase by 110,000 jobs after rising by a previously reported 147,000 in June, Reuters reported.

 

"The president's unorthodox economic agenda and policies may be starting to make a dent in the labor market," Reuters reported Christopher Rupkey, chief economist at FWDBONDS, as saying. "The labor market is not rolling over, but it is badly wounded and may yet bring about a reversal in the U.S. economy's fortunes."

 

Following are the closing levels of US indices Friday:

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	43588.58	(-)1.23
NASDAQ Composite	20650.132	(-)2.24
S&P 500	6238.01	(-)1.60

 

(Akash Mandal)

 

End

 

Edited by Vandana Hingorani

 

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.

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