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Informist, Friday, Nov. 7, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Asian indices fall on weak cues from US mkt, tech stocks bleed

 

MUMBAI--0813 IST--Most Asian markets were sharply down in early trade following a decline in the US market overnight due to widespread sell-off in technology stocks. Nvidia, Microsoft, Palantir Technologies, Broadcom and Advanced Micro Devices declined the most in the US. 

 

Japan's benchmark Nikkei 225 index declined the most among Asian indices, falling over 2%. Artificial intelligence-related stocks were the key drags in the region with SoftBank down over 8%, semiconductor testing equipment maker Advantest losing more than 7%, chipmaker Renesas Electronics falling 4%, and Tokyo Electron declining over 2%. The broader index Topix First Section declined over 1%.

 

China's CSI 300 index fell marginally and the SSE Composite index was down 0.2%. Hong Kong's Hang Seng index declined nearly 1%. 

Investors in Asia await China's October trade data, due later in the day. Economists polled by Reuters expect exports to have slowed to 3% on year, down from an 8.3% surge in September, while imports are expected to fall to 3.2% from 7.4%.

 

Among other indices, South Korea's Kospi fell nearly 2%. Australia's SP/ASX 200 index was down 0.4%. Indonesia's IDX Composite and Singapore's FTSE Singapore Strait Times were the only indices that traded marginally higher. 

 

Following were the levels of key Asian indices at 0826 IST:

 

Index	Level	Change in %
CSI 300 Index	4691.802	(-)0.03
Hang Seng Index	26309.43	(-)0.67
Nikkei 225 Day	49783.49	(-)2.16
TOPIX FIRST SECTION	3272.08	(-)1.25
KOSPI	3939.41	(-)2.16
FTSE Singapore Strait Times	4488.3	0.07
S&P/ASX 200 Index	8791.5	(-)0.42

 

(P. Madhu Kumar)

 

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Equity Alert: Indices expected to fall more amid lack of fresh triggers

 

MUMBAI--0757 IST--Benchmark indices are expected to fall more Friday and the Nifty 50 may test the 25450-25400 levels during the session. Absence of fresh triggers and lacklustre earnings over the last few days have likely led investors to take out some profits in the past few sessions, technical analysts said. 

 

"There is not much progress either in the US-China deal or a trade deal between India and the US," said Ajit Mishra, senior vice president of research at Religare Broking. However, he does not see the current weakness in the market as a major correction as it has mostly been due to profit-taking in select stocks and some news-specific selling.

 

"The Nifty slipped below the critical 21-exponential moving average on the daily timeframe, indicating weakness...however, the index has declined towards the support of the previous swing's high, placed around 25450," Rupak De, senior technical analyst at LKP Securities, said in a note. "Going forward, if the index falls below 25450, the short-term trend might weaken further," De added.

 

The November contract of the GIFT Nifty also indicated a lower start for the market. At 0753 IST, the contract was 47 points lower at 25492.50 points. On Thursday, Nifty 50 ended slightly lower after recovering from a three-week low earlier in the session. The index closed at 25509.70 points, down 87.95 points or 0.3%. The BSE Sensex closed at 83311.01 points, down 148.14 points or 0.2%.

 

Overnight, indices in the US ended sharply lower on concerns about inflated valuations of technology stocks. "Valuations are still very much a concern longer term, but (the market is) still bullish," Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest, was quoted by Reuters as saying. All Asian indices, barring the FTSE Singapore Straits Times, were down in early trade Friday.  (Akash Mandal)

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Equity Alert: US indices fall Thu on steep losses in technology stocks

 

MUMBAI--0741 IST--US markets ended lower Thursday due to a large-scale selling pressure among technology stocks over stretched valuations. Investor sentiment was hit as the US government shutdown continued for the sixth week and uncertainty continued due to a dearth of economic indicators. 

 

The S&P 500 index fell over 1% and the NASDAQ composite declined nearly 2%. The Dow Jones Industrial Average was down nearly 1%. Among the technology stocks, the biggest draggers were Nvidia, Microsoft, Palantir Technologies, Broadcom and Advanced Micro Devices. Qualcomm shed nearly 4?ter the chipmaker posted better-than-expected quarterly results but said it may lose future business with Apple, according to a CNBC report. 

 

Job cuts in the US in October totalled 153,074, a 183% surge from September and 175% higher than the same month a year ago, according to outplacement firm Challenger, Gray & Christmas, CNBC reported. It was the highest number of layoffs for any October since 2003. This has been the worst year for announced layoffs since 2009.

 

Following Wednesday's Supreme Court hearing on the legality of US President Donald Trump's reciprocal tariffs, during which the justices appeared sceptical about the legality of these tariffs, the Trump administration might have to brace for a decision that is likely not to be in its favour, media reports quoted Jefferies as saying. 

 

 

Following are the closing levels of US indices overnight: 

 

INDEX	LAST LEVEL	CHANGE IN %
Dow Jones Industrial Average	46912.3	(-)0.84
Nasdaq Composite	23053.99	(-)1.9
S&P 500	6720.32	(-)1.12

 

(P. Madhu Kumar)

 

End 

 

US$1 = INR 88.61

 

Edited by Tanima Banerjee

 

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