Equity Alert
Asian indices mixed; Japan market down on decline in exports
This story was originally published at 08:26 IST on 20 August 2025
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Equity Alert: Asian indices mixed; Japan market down on decline in exports
MUMBAI--0807 IST--Stock indices in Asia were mixed Wednesday with markets in Japan, South Korea, and Taiwan seeing a steep fall, while those in Australia, China, and Singapore rose slightly. Profit-booking was seen in some markets after recent gains, while sentiment in Japan took a hit after the country's exports fell more than expected.
Japan's exports fell 2.6% on year in July, with exports to the US falling over 10%, CNBC reported. The 2.6% drop in exports was more than the 2.1% expected in a Reuters poll. The Nikkei 225 Day was down 1.6% and the TOPIX fell 0.6%.
Taiwan's TAIEX fell for the second session after it hit a lifetime high intraday on Tuesday. The index fell over 2% Tuesday and has lost 2.6% from its lifetime high so far. South Korea's KOSPI was down 2%, down for the third straight session, losing over 4% during this period.
Market participants now await US Federal Reserve Jerome Powell's speech at Jackson Hole, Wyoming, on Friday. He is expected to provide some cues on the possiblity of a rate cut at the US central bank's next meeting. The CME FedWatch Tool showed the probability of a 25 basis point rate cut in September has increased to 87% from 83?ay ago.
Following were the levels of key Asian indices at 0803 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4238.61 |
0.36 |
|
Hang Seng Index |
25078.03 |
(-)0.18 |
|
Nikkei 225 Day |
42883.17 |
(-)1.52 |
|
TOPIX FIRST SECTION |
3099.39 |
(-)0.55 |
|
KOSPI |
3089.45 |
(-)1.97 |
|
FTSE Singapore Strait Times |
4227.79 |
0.28 |
|
S&P/ASX 200 Index |
8934.50 |
0.43 |
(Anshul Choudhary)
Equity Alert: Nasdaq Composite falls 1.5% on profit booking in tech stocks
MUMBAI--0736 IST--The Nasdaq Composite index fell 1.5% Tuesday due to a sell-off in several technology companies as investors shifted to real estate, utilities, and consumer staples stocks. Investors were likely taking out profits from technology companies ahead of US Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium on Friday, Reuters reported. The S&P 500 fell 0.6% while Dow Jones Industrial Average was largely unchanged.
Tech-major Nvidia dropped 3% and Palantir Technologies fell over 9%. Media reports said Nvidia is working on new chips for China that will be more powerful than the current H20 chips. However, sentiment around the stock was likely weak after US Treasury Secretary Scott Bessent said Nvidia would need to agree to a revenue sharing model with the government to get export licence to sell chips in China. Among others, Intel rose 7% on a $2-billion investment from SoftBank Group.
Home Depot missed expectations on earnings and it said customers were delaying large home-improvement projects. It also said small price increases were possible due to tarrifs, The Wall Street Journal reported. The stock ended 3% higher as it retained the annual guidance for fiscal 2025. Among other major consumer-facing companies, Target will reported its earnings Wednesday and Walmart will announce its results on Thursday.
Following are the closing levels of US indices Tuesday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44922.27 | 0.02 |
| NASDAQ Composite | 21314.95 | (-)1.46 |
| S&P 500 | 6411.37 | (-)0.59 |
(Anshul Choudhary)
US$1 = INR 86.95
End
Edited by Avishek Dutta
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