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Informist, Friday, Nov. 21, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Asian markets fall as technology stocks decline; KOSPI down 4%

 

MUMBAI--0815 IST--Equity indices in Asia were down in early trade Friday, tracking overnight losses on Wall Street. Persistent concerns of an artificial intelligence bubble caused by elevated valuations of artificial-intelligence companies and fading hope of another rate cut by the US Federal Reserve in December soured trader sentiment. Benchmark equity indices of South Korea and Japan were the biggest laggards in the region as technology stocks plummeted, following sharp gains in the previous session.

 

Japan's Nikkei 225 index was over 2% lower, while the broader Topix was largely unchnaged from its previous close. Shares of technology investor SoftBank fell 10?ter US technology stocks lost ground on the Nasdaq Composite index. Data showed Japan's core consumer prices rose 3% on year in October, at its sharpest rate since July and in line with market estimates. This rise supported the case for interest rate hikes by the Bank of Japan in the near term.

 

South Korea's KOSPI had risen in the previous session on the back of strong quarterly earnings of Nvidia Corp., which boosted trader sentiment around AI-related stocks. "The markets had plenty to be positive about and initially Nvidia's banging quarterly results meant Wall Street burst out of the gates," Kyle Rodda, senior analyst at Capital.com, was quoted by Reuters as saying. "The US jobs data were probably as good as you could have hoped for too." Despite this, the KOSPI index plunged 4%. Shares of index heavyweights Samsung Electronics fell over 5% and those of memory chip-maker SK Hynix tumbled 8%.

 

Hong Kong's Hang Seng Index fell nearly 2% and the Hang Seng technology index fell 3%. Shares of major artifical company Baidu fell more than 5% and Tencent traded 2% lower. Chinese electric vehicle maker BYD fell more than 2% and other automobile companies Nio and Li Auto dropped 6% and 2%, respectively. China's CSI 300 index was more than 1% lower.

 

Taiwan's Taiex fell 2.5% and shares of Taiwan Semiconductor Manufacturing Co. fell more than 4%. On Wednesday, the index saw the sharpest single-day climb since April as traders took positive hints for the AI trade following Nvidia Corp.'s earnings.

 

Stronger-than-expected US jobs data renewed doubts about whether the apex bank will lower its benchmark rates. Traders were pricing a 40% chance of a 25-basis point rate cut next month, sharply lower than the 98% predicition a month ago, according to the CME FedWatch Tool. Cleveland US Fed President Beth Hammack Thursday warned that cutting rates further right now carried a wide range of risks for the economy.

 

Following were the levels of key Asian indices at 0812 IST:

 

Index	Level	Change in %
CSI 300 Index	4495.59	(-)1.52
Hang Seng Index	25310.30	(-)2.03
Nikkei 225 Day	48687.43	(-)2.28
TOPIX FIRST SECTION	3292.03	(-)0.23
KOSPI	3859.66	(-)3.63
FTSE Singapore Strait Times	4478.48	(-)0.74
S&P/ASX 200 Index	8430.20	(-)1.43

 

(Eshitva Prakash)

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Equity Alert: Indices seen tad down at open on weak global cues

 

MUMBAI--0812 IST-- While Indian equity indices are on the cusp of hitting their all-time high Friday, weak global cues are likely to delay the move. Some analysts expect investors to book profits on overbought conditions, others expect indices to continue their upward journey. Analysts reiterated that investors would likely take a buy-on-dips approach in the market and the sentiment in the market is bullish. They also pointed out that downside of the indices from the spot levels is limited.  

 

"...we can expect mild profit booking," Ashish Sherigar, technical analyst at NVS Brokerage, said. "But the Nifty 50 will hit 26270 (points) then around 26300 (points) there can be rejection due to overbought conditions." Overall, the sentiment is bullish and every dip towards 25900 points will be a buy till the level is not breached, he said. Sherigar expects the Nifty 50 to find support at 26000 points and face strong resistance near 26245 points. 

 

Technical analysts expect the 50-stock index to sustain around 26100 points, and said even if the level is breached, investors will start buying near 26000 points. Initially, there could be weakness in the market but there are higher chances that the indices would rise in the second half of the session, they said. Analysts also said the futures data also signals positive trend and the indices are positioned well for a record high. Even if it does not happen during Friday's session, some analysts are confident that indices will reach their highest ever level in the first half of next week. 

 

While the global cues are weak, the November contract of the GIFT Nifty indicated that indices will likely open tad up Friday. At 0747 IST, the contract was at 26202.50 points, up 49 points from its previous close. On Thursday, the Nifty 50 index closed at 26192.15 points but had climbed to as high as 26246.65 points intraday.

 

Notwithstanding the positive sentiment on Nvidia Corp.'s better-than-expected results and guidance, indices in the US reversed gains made in the session and ended lower Thursday, especially the technology-heavy Nasdaq Composite. Asia-Pacific indices followed suit, and majority of them were lower in early trade as investors sold shares of chip making companies across regions. Japan's Nikkei 225 and South Korea's Kospi fell over 2-3% in early trade.  (Gopika Balasubramanium)

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Equity Alert: US mkt reverses early gains to end sharply dn; Nvidia falls 3%

 

MUMBAI--0730 IST--Equity indices in the US reversed gains from earlier in the session and ended sharply lower Thursday. Shares of artificial intelligence-related companies had risen at market opening after industry bellwether Nvidia Corp.'s strong quarterly earnings late Wednesday boosted sentiment, but fell thereafter, indicating persistent concern among market participants over lofty valuations of AI companies. Adding to the downward pressure, healthier-than-expected jobs data from the US Labour Department increased chances of the US Federal Reserve skipping another rate cut at its December policy meeting.

 

"The Nvidia results, while positive, weren't enough to dispel doubts around whether valuations had gotten too rich," Sameer Samana from Wells Fargo Investment Institute was quoted by Bloomberg as saying. Shares of Nvidia, which had risen as much as 5?rlier in the day, closed more than 3% lower. Shares of technology company Oracle fell 6.5% and those of chip company Advanced Micro Devices slumped nearly 8%. Among the 'magnificent seven' group of companies, shares of Apple, Alphabet, Microsoft, and Tesla declined 1-2%. The Nasdaq Composite index fell a little over 2%, declining from a 2.6?vance at its highest point in the session.

 

Concerns about AI stock valuations persisted, and traders were concerned about the health of the sector in case the US Fed does not lower interest rates further. The September jobs report showed the economy added 119,000 jobs following a 4,000 drop in August. Economists polled by Reuters had predicted a 50,000 gain. Morgan Stanley on Thursday scrapped its forecast that the US Federal Reserve would cut interest rates by 25-basis points. "The sharp and broad rebound in payrolls suggests the summertime slowdown might have been exaggerated," strategists at Morgan Stanley were quoted by Reuters as saying. Fed Funds futures traders were pricing in a 40% chance of a 25-bps cut by the apex bank at its December meeting, sharply lower than the near unanimous prediction in favour of a rate cut a month ago, according to data from CME Fedwatch.

 

Following are the closing levels of US indices Thursday:

 

Index	Level	Change in %
S&P 500	6538.76	(-)1.56
NASDAQ Composite	22078.05	(-)2.15
Dow Jones Industrial Average	45752.26	(-)0.84

 

(Eshitva Prakash)

 

End

 

US$1 = INR 88.71

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

 

Edited by Avishek Dutta

 

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