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Informist, Tuesday, Oct. 7, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Japan indices hit record highs; several mkts shut across Asia

 

MUMBAI--0810 IST--Most indices in Asia were up and Japan's benchmark indices reached yet another record high in early trade Tuesday, tracking overnight gains in US markets after the deal between Advanced Micro Devices and OpenAI lifted stocks of most chip companies. Markets in Australia were down for the second straight session and those in China, Hong Kong, and South Korea were closed for holidays.

 

Chip stocks were among the top gainers in Japan's markets in early trade. Shares of Rensas Electronics were up nearly 5% and those of Advantest rose more than 2%. Shares of Tokyo Electron and Lasertec were up 1-2% in the early trade. 

 

 

Japan's household spending rose at a faster pace than expected in August with consumers relatively upbeat in a promising sign for the recovery in private consumption, a report by Reuters said. Consumer spending rose 2.3% on year, more than the median market forecast of a 1.2% rise and was up for the fourth consecutive month. The broader Topix index rose 0.3% and the Nikkei 225 gained 0.7% to reach record intraday highs. Markets in Japan had jumped Monday after the Sanae Takaichi, considered fiscally dovish, was elected as the head of Japan's ruling Liberal Democratic Party and is likley to become the country's next prime minister. 

 

Overnight, shares of Advanced Micro Devices jumped almost 24% and aided the Nasdaq Composite and the S&P 500 reach new heights after the company announced a deal with OpenAI, which could see the latter taking a 10% stake in the chipmaker. Several other chipmaking companies such as Applied Materials, Micron Technology, and Taiwan Semicndctr Mnufctrng also gained. 

Following were the levels of key Asian indices at 0809 IST:

 

Index	Level	Change in %
Nikkei 225 Day	48260.14	0.66
TOPIX FIRST SECTION	3235.05	0.28
FTSE Singapore Strait Times	4459.97	0.87
S&P/ASX 200 Index	8963.70	(-)0.20

 

(Eshitva Prakash)

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Equity Alert: Mkt may open tad up; volatility likely on Nifty 50 F&O expiry

 

MUMBAI--0805 IST--Benchmark indices are expected to open marginally higher Tuesday. However, some volatility is expected later in the session due to the expiry of weekly Nifty 50 derivatives contracts. Investors are likely to shift their focus from developments in global markets, particularly with respect to trade and tariffs, towards domestic macroeconomic factors and the September quarter earnings, analysts said.

 

The GIFT Nifty contracts suggest a slightly positive start for the market Tuesday. At 0805 IST, the derivatives contract of the GIFT Nifty for October was at 25189.50 points, nearly 90 points higher than the Nifty 50's previous close. On Monday, the Nifty 50 closed above 25000 points for the first time after six sessions.

 

The 50-stock index settled at 25077.65 points, up 183.40 points or 0.7%. The BSE Sensex closed at 81790.12 points, up 582.95 points or 0.7%. A close above 25000 shows the overall bias turning optimistic, anticipating a fresh upward move in the coming days, analysts said. For Tuesday, the Nifty 50 is expected to move in a range of 24900-25150 points, according to technical analysts.

 

On the international front, market participants shrugged off concern around the US government shutdown, which extended to another week after the political deadlock over funding bills continued in the US Senate. There are no signs of a deal between President Donald Trump's Republicans and Democrats to end the crisis. Two of the three indices in the US--the S&P 500 and the Nasdaq Composite index--closed higher Monday, notching fresh record highs. In Asia, most indices opened in the green, with Japan's Nikkei 225 index breaking an all-time high level as new Prime Minister Sanae Takaichi's victory drove the yen above 150 against a dollar.  (Simran Rede)

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Equity Alert: S&P 500, Nasdaq end at record highs, OpenAI deal aids chip shrs

 

MUMBAI--0725 IST--The S&P 500 and the Nasdaq Composite index hit record closing highs Monday, led by gains in Advanced Micro Devices shares after the company struck a deal with OpenAI to acquire stake in the chipmaker. Traders shrugged off concerns around the US government shutdown, which extended to another week after the political deadlock over funding bills continued in the US Senate.

 

The S&P 500 closed almost 0.4% higher and the technology-heavy Nasdaq Composite advanced over 0.7%, with both indices recording record closing highs. Shares of Advanced Micro Devices jumped almost 24?ter the company reached a deal with OpenAI that could enable the ChatGPT company to take 10% stake in the chipmaker, according to media reports. Advanced Micro Devices said it would supply AI chips to OpenAI in a deal that could generate tens of billions of dollars in yearly revenue, Reuters reported. The news lifted other chip stocks as well, with shares of Applied Materials, Micron Technology, and Taiwan Semiconductor Manufacturing up 1.7-3.5%. Shares of Advanced Micro Devices rival Nvidia Corp., however, fell more than 1%.

 

Shares of Comerica were up 14?ter Fifth Third Bancorp. Monday said it would buy Comerica for $10.9 billion in stock. This will be the biggest US bank merger in years, The Economic Times reported. 

 

Among others, shares of Tesla rose over 5?ter the electric carmaker teased an event scheduled for Tuesday on X over the weekend, a report by Reuters said. Shares of Verizon fell over 5?ter the telecommunications company announced its next chief executive officer, Dan Schulman, the former PayPal head. Investment bank TD Cowen cut its target price for Starbucks due to a weakening labour market. Shares of the company were down 5%. The Dow Jones Industrial Average fell marginally.

 

Traders looked past concerns about the US government shutdown and US lawmakers failed to reach a deal on funding to keep the government open. The shutdown has delayed the release of key economic data, including the September nonfarms payroll data, which was due Friday. Several US Federal Reserve officials are expected to speak this week, including Fed Governor Stephen Miran on Wednesday and Fed Chair Jerome Powell on Thursday.

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6740.28	0.36
NASDAQ Composite	22941.67	0.71
Dow Jones Industrial Average	46694.97	(-)0.14

 

(Eshitva Prakash)

 

End

 

US$1 = INR 88.78

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

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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