Equity Alert
Indices in Asia higher; KOSPI recovers after US tariff threats
This story was originally published at 08:35 IST on 27 January 2026
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Equity Alert: Indices in Asia higher; KOSPI recovers after US tariff threats
MUMBAI--0824 IST--Equity indices in Asia were higher on Tuesday. South Korea's KOSPI index was trading higher after reversing losses amid threats by US President Donald Trump that he would raise tariffs on the country.
Trump Monday said he would increase tariffs on imported auto, pharmaceutical, and lumber products from South Korea to 25% from 15?cause of the latter's legislature delaying the approval of a trade deal reached between the two countries last summer, CNBC reported. Shares of Hyundai Motor Co. and Kia Corp. fell as much as 4% and 5%, respectively, according to the report. However, shares of the two companies seemed to have come off lows, with Hyundai Moto Corp and Kia Corp. trading around 1-2% lower.
Meanwhile, in Hong Kong, Eastroc Beverage has begun its initial public offering to raise $1.3 billion, the largest listing seen this year in Hong Kong that has already witnessed a dozen companies raise around $4.5 billion, a report by South China Morning Post said. In Japan, markets are prepared for more volatility in bonds as the risk of government intervention in currency markets and the swing in stock prices come amid the start of campaigning for snap elections, according to a report by Bloomberg. Every aspect of debates regarding government spending and tax relief is being dissected after anxiety over government spending provoked a meltdown in bonds, affecting investors, and also threatened to jack up the government's debt servicing bill, the report said.
Following are the levels of key Asian indices at 0820 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4724.95 |
0.38 |
|
Hang Seng Index |
27077.81 |
1.17 |
|
KOSPI |
5028.58 |
1.60 |
|
Nikkei 225 Day |
53017.71 |
0.25 |
|
TOPIX FIRST SECTION |
3555.32 |
0.08 |
|
FTSE Singapore Straits Times |
4906.96 |
0.95 |
|
S&P/ASX 200 Index |
8945.90 |
0.97 |
(Akshat Saksena)
Equity Alert: US indices end higher Mon; Nasdaq, S&P 500 up for 4th session
MUMBAI--0739 IST--Equity indices in the US ended higher on Monday, with the Nasdaq Composite index and the S&P 500 index closing higher for the fourth straight session. Indices in the country continue to monitor political developments as US President Donald Trump uses tariffs to further his geopolitical ambitions on the global stage.
Trump warned Canada that it would have to face 100% tariffs if the country enters into a trade deal with China. "If Canada makes a deal with China, it will immediately be hit with a 100% Tariff against all Canadian goods and products coming into the U.S.A.," he said in a Truth Social post, according to CNBC. Trump also implied that China would use Canada as a way to avoid paying import tariffs. "If Governor Carney thinks he is going to make Canada a 'Drop Off Port' for China to send goods and products into the United States, he is sorely mistaken," he was reported as saying. In response, Canadian Prime Minister Mark Carney said the country had no intention of signing a trade deal with Bejing.
Shares of Intel Corp. ended nearly 6% lower despite beating expectations for the quarter as the company gave a softer guidance for the current quarter. Intel's Finance Chief David Zinsner said the company's soft guidance was partially because the company lacked the supply it needs for seasonal demand, which is likely to improve in the next quarter, according to CNBC. Shares of Jet Blue ended nearly 4% lower amid mass disruptions in flights due to a winter storm in the country, Reuters reported.
Shares of GEO Group and Core Civic, prison operators that have contracts with the US Immigration and Customs Enforcement, fell sharply as US Senate Democrats said they would oppose a funding bill for the Department of Homeland Security. This comes as a fatal shooting of 37-year-old nurse, Alex Pretti, in Minneapolis has escalated a public backlash against Trump's approach towards immigration, Reuters said.
Investors will monitor the US Federal Reserve Bank's meeting, which starts on Tuesday. There's a 96.1% probability of the US central bank keeping interest rates unchanged, according to CME FedWatch. Investors will await cues on the future rate path of the US Federal Reserve. Apple, Meta Platforms, Microsoft, and Tesla are expected to announce their quarterly results later in the week, setting up the test for the rally seen by shares of artifical intelligence companies, Reuters said.
Following are the closing levels of US indices Monday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6950.23 |
0.5 |
|
NASDAQ Composite |
23601.36 |
0.43 |
|
Dow Jones Industrial Average |
49412.40 |
0.64 |
(Akshat Saksena)
US$1 = INR 91.95
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Avishek Dutta
All prices from National Stock Exchange, unless otherwise specified.
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