Equity Alert
Most Asian indices down; Nikkei, Topix, Kospi fall 1% each
This story was originally published at 08:43 IST on 26 August 2025
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Equity Alert: Most Asian indices down; Nikkei, Topix, Kospi fall 1?ch
MUMBAI--0830 IST--Most Asian equity indices were down in early trade on Tuesday, with those in Japan falling the most. Sentiment was hit after US President Donald Trump threatened countries with digital taxes with "subsequent additional tariffs" on their goods if they do not remove such taxes. The South Korean president and Trump had met Monday to discuss details of the trade deal that was discussed in July.
At 0828 IST, Japan's Nikkei 225 was at 42354.53 points, down 1.1%. The Topix also traded nearly 1% lower at 3075.02 points. The fall was mainly due to electronics and pharmaceutical stocks.
Investors in South Korea also made bearish bets, dragging the benchmrk Kospi down 1% in early trade. The weakness followed Trump and his South Korean counterpart holding discussions on Monday to flesh out a deal framework with 15% tariffs.
"We spent a lot of money building a fort, and there was a contribution made by South Korea, but I would like to see if we could get rid of the lease and get ownership of the land where we have a massive military base," Trump was quoted as saying by The Guardian.
Meanwhile, China's CSI 300 was down 0.4% and Hong Kong's Hang Seng was slightly lower. The FTSE Singapore Straits Times and Australia's S&P ASX 200 were down 0.3?ch.
Following were the levels of key Asian indices at 0828 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4450.9109 | -0.41 |
|
Hang Seng Index |
25737.74 | -0.36 |
|
Nikkei 225 Day |
42354.53 | -1.06 |
|
TOPIX FIRST SECTION |
3075.02 | -0.98 |
|
KOSPI |
3176.71 | -1.03 |
|
FTSE Singapore Strait Times |
4245.58 | -0.26 |
|
S&P/ASX 200 Index |
8947.2 | -0.28 |
(Gopika Balasubramanium)
Equity Alert: Mkt set for slow start on caution before additional US tariff
MUMBAI--0806 IST--Benchmark equity indices are likely to start the session lower Tuesday, tracking most other global bourses. However, a recovery could be seen later in the session, with the Nifty 50 possibly testing the 25000 levels again. The 50-stock index is likely to move in a range of 24750–25000 points.
The derivatives contracts of the Nifty 50 also indicated a negative start for the market. At 0800 IST, the GIFT Nifty's August contract was at 24920 points, down nearly 50 points from the Nifty 50's latest close. The September contract was at 25043 points, down 11.50 points from its previous close. Sentiment in the market will be cautious ahead of the US' additional 25% tariff, which will come into effect 0930 IST Wednesday.
On Monday, the Nifty 50 closed at 24967.75 points, up 97.65 points or 0.4%, and the BSE Sensex ended at 81635.91 points, up 329.06 points or 0.4%. The Nifty 50 tested the 25000 levels briefly but could not sustain above the psychologically crucial barrier.
Overnight, indices in the US declined after strong gains Friday. "On Friday there was a lot of enthusiasm about Powell basically indicating that there would likely be a rate cut. The market may have overreacted to his comments," Reuters reported Peter Cardillo, chief market economist at Spartan Capital Securities, as saying. All Asian indices, barring Indonesia's IDX Composite, were lower in early trade Tuesday. (Akash Mandal)
Equity Alert: US indices end lower as Fed Chair Powell-led enthusiasm wanes
MUMBAI--0733 IST--US equity indices closed lower Monday after Friday's jumbo gains on the back of US Federal Reserve Chair Jerome Powell's dovish comments at the Jackson Hole Symposium. Investors will now wait for US inflation and non-farm payrolls data which is likely to give an idea of whether there is room for the hinted rate cut at the Fed's September meeting or not. Meanwhile, US chip-maker Nvidia is scheduled to detail its Apr-Jun results Wednesday.
"The market has a Jackson Hole hangover," Jake Dollarhide, chief executive officer of Oklahoma-based Longbow Asset Management, was quoted as saying by Reuters. "Investors are taking a little bit of a breather."
On Monday, the Dow Jones Industrial Average ended 0.8% lower at 45282.47 points. The Nasdaq fell 0.2% to 21449.29 points and the S&P 500 was down 0.4% at 6439.32 points. Nvidia closed 1% higher ahead of its quarterly report, during which investors will closely watch any comments from the company on the outlook of artificial intelligence-related demand.
"The focus right now is the labour market," Reuters quoted Brian Klimke, investment director at Cetera Investment Management, as saying. "We have the job market that's rolling over a little bit and the economy is weakening, so the Fed needs to act sooner than later and they're seeing it too." The Personal Consumption Expenditures Price Index, the US Fed's preferred inflation gauge, is due Friday, while non-farm payrolls data is expected next week.
Following are the closing levels of US indices Monday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 45282.47 | -0.77 |
| NASDAQ Composite | 21449.29 | -0.22 |
| S&P 500 | 6439.32 | -0.43 |
(Gopika Balasubramanium)
US$1 = INR 87.58
End
Edited by Avishek Dutta
All prices from National Stock Exchange, unless otherwise specified.
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