Equity Alert
Asian markets mixed, focus on resolution to US govt shutdown
This story was originally published at 09:03 IST on 11 November 2025
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Equity Alert: Asian markets mixed, focus on resolution to US govt shutdown
MUMBAI--0845 IST--Asian markets showed a mixed trend in early trade Tuesday after shedding some gains at opening. Gainers in the region took cues from the US market, which rose in anticipation of a possible end to the historic 40-day shutdown of the US government, enabling access to the trade and economic data.
Japan's benchmark Nikkei 225 index came off highs, up 0.4%, while the Topix index rose marginally. Artificial intelligence-related stocks were among the top movers, with conglomerate SoftBank gaining nearly 4% and chipmaker Renesas Electron up over 4%. Shares of Orix rose 0.5?ter the Japanese financial services conglomerate Tuesday announced a partnership with Qatar's sovereign wealth fund Qatar Investment Authority to launch a $2.5 billion private equity fund, according to a report by CNBC.
South Korea's Kospi was the biggest gainer among Asian markets, rising nearly 2%. Gains in the index were supported by chip stocks. Samsung Electronics led the rally in technology stocks, up nearly 5%. Shares of SK Hynix gained over 4%.
Among other indices, China's CSI 300 index fell nearly 1?ter opening in the green and the SSE Composite index declined 0.4%. Australia's S&P/ASX 200 index fell marginally. Hong Kong's Hang Seng index was down 0.3%.
Following were the levels of key Asian indices at 0810 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4660.441 |
(-)0.74 |
|
Hang Seng Index |
26562.18 |
(-)0.33 |
|
Nikkei 225 Day |
51131.28 |
0.43 |
|
TOPIX FIRST SECTION |
3323.18 |
0.17 |
|
KOSPI |
4126.7 |
1.31 |
|
FTSE Singapore Straits Times |
4542.01 |
1.2 |
|
S&P/ASX 200 Index |
8819.6 |
(-)0.18 |
(P. Madhu Kumar)
Equity Alert: Indices seen in range Tue; progress in US-India trade deal eyed
MUMBAI--0811 IST--Benchmark indices are expected to consolidate Tuesday as the market awaits fresh triggers for further upside, analysts said. One of the key triggers could be progress in trade deal negotiations between India and the US. US President Donald Trump early Tuesday hinted at some progress in the trade deal between the two countries, saying, "We're making a deal with India...I think we're pretty close to doing a deal that is good for everybody," The Economic Times quoted him as saying at an event.
Until there are further concrete details on the trade deal, the market is likely to keep consolidating, analysts said. "Overall, Nifty 50 appears poised for range-bound movement as traders adopt a cautious stance ahead of key triggers...while the 25500–25350 zone is likely to act as a strong support base, the 25650–25750 zone remains the immediate resistance cluster," Dhupesh Dhameja, derivatives research analyst at SAMCO Securities, said in a note.
The November contract of the GIFT Nifty also indicates a muted start for the market. At 0808 IST, the contract was at 25722 points, up 16 points from its previous close. On Monday, the Nifty 50 had ended at 25574.35 points, up 82.05 points or 0.3%, having risen to 25653.45 points before facing selling pressure. The BSE Sensex closed the session at 83535.35 points, up 319.07 points or 0.4%.
Overnight, indices in the US surged as reports suggested that the longest government shutdown in the country's history could end this week due to a compromise that would restore federal funding being cleared by the Senate over the weekend. Technology stocks rebounded from last week's fall as the tech-heavy Nasdaq Composite gained over 2%. Nvidia, Palantir, and Tesla surged 4-9%. Most Asian indices also gained in early trade Tuesday, with South Korea's Kospi up over 2%. (Akash Mandal)
Equity Alert: US markets rise on hopes of a likely end to US govt shutdown
MUMBAI--0735 IST--US markets ended higher Monday buoyed by technology stocks and positive sentiment driven by steps taken by the US Congress to soon put an end to the government shutdown there. A new bill quickly advanced in a key US Senate procedural vote overnight Sunday, after enough Democrats joined with Republicans to avoid any delay for the resolution to the prolonged government shutdown.
Nvidia, Broadcom and other artificial intelligence related stocks led the gains in the Wall Street, as a possible end to the shutdown put investors in a risk-taking mood again. "We maintain our conviction that AI-related stocks should drive equity markets, and we believe underallocated investors should add exposure to the theme through a diversified approach," CNBC quoted Mark Haefele, chief investment officer at UBS Global Wealth Management, as saying.
The S&P 500 index rose 1.5% and gained for the second straight session. The tech-heavy NASDAQ Composite rose over 2% and the Dow Jones Industrial Average rose nearly 1%.
In other news, the Federal Reserve Governor Stephen Miran said Monday that a 50-basis-point rate cut would be appropriate for December, noting that inflation is falling while the unemployment rate is drifting higher, Reuters reported.
Following are the closing levels of US indices overnight:
|
INDEX |
LAST LEVEL |
CHANGE IN % |
|
Dow Jones Industrial Average |
47368.63 | 0.81 |
|
Nasdaq Composite |
23527.17 | 2.27 |
|
S&P 500 |
6832.43 | 1.54 |
(P. Madhu Kumar)
End
US$1 = INR 88.69
Edited by Nishant Maher
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