Equity Alert
Most Asian indices up; Australia's S&P/ASX 200 hits record high
This story was originally published at 08:05 IST on 6 August 2025
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Equity Alert: Most Asian indices up; Australia's S&P/ASX 200 hits record high
MUMBAI--0745 IST--Most Asian indices were up in early trade Wednesday. Australia's S&P/ASX 200 was up 0.5%, rising to an all-time high. Investors assessed fresh tariff threat by US President Donald Trump on semiconductors and chips. "We're going to be announcing [tariffs] on semiconductors and chips, which is a separate category, because we want them made in the United States," Trump was quoted as saying by CNBC. He said the tariffs will be announced within the next week.
Japan's Nikkei 225 and Topix were up 0.4% and 1.1%, respectively. Toyota Motor and property developer Mitsui Fudosan were up 2% and 5%, respectively. While Japanese equities are currently on a broader uptrend with investors consistently buying at lower levels, stable trade policies and agreements are needed to push the indices to fresh highs, a news report by Barron's said. "Japan exports just over $700 billion of goods yearly to many countries, according to FactSet, representing about 17% of total 2024 gross domestic product of almost $4.2 trillion...slower global demand would directly hurt Japan, which relies on exports to many nations to grow its economy," the report said.
The Australian market notched a fresh high with index heavyweights such as Commonwealth Bank and Westpac Banking Corp. up nearly 1?ch. South Korea's Kospi was down 0.3%. SK Square, HD Hyundai Electric, and Hanwha Systems were down 2-3%.
Following are the levels of key Asian indices at 0745 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4103.1497 |
(-)0.01 |
|
Hang Seng Index |
24913.64 |
0.04 |
|
Nikkei 225 Day |
40724.69 |
0.43 |
|
TOPIX FIRST SECTION |
2968.92 |
1.10 |
|
KOSPI |
3189.20 |
(-)0.28 |
|
FTSE Singapore Straits Times |
4205.40 |
(-)0.08 |
|
S&P/ASX 200 Index |
8813.10 |
0.49 |
(Akash Mandal)
Equity Alert: US indices end lower as weak economic data weighs on sentiment
MUMBAI--0723 IST--US indices ended lower Tuesday as weaker-than-expected economic data weighed on sentiment. Investors were cautious as they assessed US tariff-related news and policies. All three major indices ended the session lower, with the Nasdaq Composite seeing the biggest fall.
The country's non-manufacturing purchasing managers' index unexpectedly fell to 50.1 in July from 50.8 in June. Economists polled by Reuters had forecast the services PMI would rise to 51.5. A PMI reading above 50 indicates growth in the services sector. Input costs surged the most in nearly three years while orders were broadly unchanged, indicating that the US services sector may be facing jitters from the massive reciprocal tariffs.
Investors digested comments about tariffs from several companies, including Caterpillar, which warned of an up to $1.5 billion hit in 2025, Reuters reported. Palantir rose 8% as the defence technology company said its revenue in the reporting quarter surpassed $1 billion for the first time. On other hand, Eaton dipped 7% due to disappointing guidance, CNBC reported.
"Today we're seeing the market pull back a little bit, (but) equities have been on a nice run...we're probably due for a period of consolidation, some backing and filling, so to speak," CNBC reported Terry Sandven, chief equity strategist at US Bank Asset Management, as saying.
Following are the closing levels of US indices Tuesday:
| 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 Ashish Shirke
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