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Informist, Tuesday, Sept. 9, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Asia indices mixed; Japan mkt extends gains, Nikkei over 44000

 

MUMBAI--0743 IST--Asian indices were mixed in early trade Wednesday after strong recent gains in most indices in the region. The Japanese market extended gains for the fourth straight session on excitement surrounding the country's probable new prime minister. 

 

Japan's Nikkei 225 broke above the 44000 level for the first time ever fuelled by optimism over trade and expectations of increased government spending, Business Today reported. The optimism is following the resignation of Prime Minister Shigeru Ishiba, who was known for his hawkish stance, the report said. His departure has boosted prospects for stimulus under Liberal Democratic Party contender Sanae Takaichi, a supporter of government spending and monetary easing.

 

Hong Kong's Hang Seng was up 1.1% and was the biggest gainer among regional indices. Dahon Technology (Shenzhen) Co., which is China's biggest maker of folding bicycles, surged over 36% from its IPO price on its debut on the Hong Kong market, Bloomberg reported.

 

The Australian market was lower in early trade, weighed down by a fall in banking, energy, and mining stocks. The energy sector posted its weakest showing since July as softer oil prices hurt outlooks, Finimize reported. Major banks such as ANZ, which have a very high weightage on the Australian market, were also in the red. 

 

Following were the levels of key Asian indices at 0734 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4465.5932	(-)0.04
Hang Seng Index	25911.12	1.08
Nikkei 225 Day	43818.56	0.40
TOPIX FIRST SECTION	3141.80	0.11
KOSPI	3239.54	0.62
FTSE Singapore Strait Times	4300.34	(-)0.19
S&P/ASX 200 Index	8794.30	(-)0.62

 

(Akash Mandal)

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Equity Alert: Rate cut hope lifts Nasdaq to new high; minimum 25 bps cut seen

 

 

MUMBAI--0721 IST--Stock indices in the US ended slightly higher Monday with the Nasdaq Composite notching a fresh high. Increased hopes of a rate cut by the US Federal Reserve later in the month following weak non-farm payrolls data aided sentiment. There is an 89% chance of a 25-basis-point cut in the meeting this month, while there is an 11% chance of a 50 bps cut, according to the CME Fedwatch tool.

 

"The focus is on next Wednesday's Fed rate cut; the market is greedy...its already discounted 25 basis points. Now, if people are buying because they expect 50 bps, well, that's not going to happen," Reuters quoted Jake Dollarhide, chief executive officer of Longbow Asset Management, as saying. 

 

Broadcom extended its rally, gaining over 3% during the session. The chipmaker had Thursday said it expects sharp growth in its artificial intelligence-related verticals. Its market capitalisation has reached $1.6 trillion and the company is the seventh most valuable on Wall Street, Reuters reported. 

 

Robinhood Markets surged 16%, and AppLovin gained 12%--both companies are set to be added to the S&P 500 from Sept. 22. Addition to a major index such as S&P 500 unlocks value for a stock as it can catalyse billions of dollars in trading, with passive funds typically expected to buy massive numbers of shares in the weeks following a stock's addition, CNBC reported.

 

EchoStar skyrocketed 20% after the telecommunications services firm agreed to sell wireless spectrum licences to Elon Musk's SpaceX for its Starlink network for around $17 billion. Other telecom playes such as AT&T, Verizon, and T-Mobile fell 2-4%. 

 

Following are the closing levels of US indices Monday:

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	45514.95	0.25
NASDAQ Composite	21798.699	0.45
S&P 500	6495.15	0.21

 

(Akash Mandal)

 

End

 

US$1 = INR 88.27

 

Edited by Akul Nishant Akhoury

 

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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