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Informist, Friday, Sept. 5, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Most Asian mkts up; chipmakers gain on Trump's tariff comments

 

MUMBAI--0747 IST--Most indices in Asia were higher in early trade Friday, with sentiment buoyed by the US signing an executive order formalising a lower Japanese automobile import tariff of 15% from the earlier 27.5%. The order also formalised an agreement for Japan to invest $550 billion in US projects. 

 

Several Asian chip stocks rose after US President Trump said that his administration plans to impose tariffs on semiconductor imports from firms that do not move production to the US. Advantest, Lasertec, SK Hynix, and TSMC rose 1-3%. 

 

Japan's Nikkei 225 and Topix were up 0.8% and 0.4%, respectively. Data showed the country's household spending rose 1.4% on year in July, falling short of a forecast of a 2.3% rise by Reuters. Japanese stocks are likely to remain supported by export-oriented value stocks despite heightened political uncertainty in the country, Reuters reported Morgan Stanley MUFG Securities as saying. 

 

Following were the levels of key Asian indices at 0743 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4383.4913	0.42
Hang Seng Index	25171.64	0.45
Nikkei 225 Day	42935.24	0.83
TOPIX FIRST SECTION	3092.84	0.41
KOSPI	3200.22	(-)0.02
FTSE Singapore Strait Times	4311.35	0.34
S&P/ASX 200 Index	8853.00	0.30

 

(Akash Mandal)

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Equity Alert: US indices gain Thu as economic data cements rate cut hopes

 

MUMBAI--0722 IST--US stock indices ended higher Thursday as economic data boosted hope of a rate cut by the Federal Reserve in September. The data showed initial claims for state unemployment benefits i the US rose by 8,000 to a seasonally adjusted 237,000 for the week ended Aug. 30, higher than a forecast of 230,000.

 

Investors now await the US August employment report later in the day, which is another crucial parameter in determining the Fed's rate cut trajectory. Currently, there is a 96% probability of a 25-basis-point cut at the Fed's September meeting, according to the CME Fedwatch tool. "The labour market data we're going to get--payrolls--tomorrow I don't see really changing anything significantly because (Fed Chair Jerome) Powell has effectively already told us we're getting a cut unless it's really, really out of bounds," Reuters quoted  Mike Dickson, head of research and quantitative strategies at Horizon Investments, as saying. 

 

Gains in technology majors such as Broadcom, Amazon, and Meta Platforms also drove the market. Broadcom gained 1% ahead of its quarterly results and Amazon surged over 4%. JetBlue Airways said it would partner with Amazon subsidiary Project Kuiper, a low Earth orbit satellite broadband internet network, to improve its onboard Wi-Fi, Reuters reported. Meta ended 2% higher. 

 

Apparel maker American Eagle Outfitters skyrocketed 38?ter the company forecast third-quarter comparable sales above estimates. Salesforce fell 5% after the company forecast third-quarter revenue below estimates. 

 

Following are the closing levels of US indices Thursday:

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	45621.29	0.77
NASDAQ Composite	21707.694	0.98
S&P 500	6502.08	0.83

 

(Akash Mandal)

 

End

 

US$1 = INR 88.15

 

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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