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Informist, Tuesday, Jun. 9, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices in Asia gain, South Korea's KOSPI outperforms

 

MUMBAI—0818 IST--Most indices in Asia were up in early trade on Tuesday. South Korea's KOSPI rebounded strongly, gaining more than 3%. Japan's Nikkei 225 and TOPIX were also higher. Gains in technology stocks on Wall Street overnight, coupled with Iran and Israel holding off on further military action, supported sentiment. Brent crude oil futures slipped more than 4% from Monday's highs to $94 per barrel.

 

"Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on "Peace" are proceeding, subject to ignorance or stupidity getting in its way," US President Donald Trump said in a post on Truth Social. 

 

On the macroeconomic front, China's trade surplus was resilient at $105.4 billion, well above the expected $86.8 billion, according to Dow Jones Newswires. Its exports rose 19.4% on the year, while imports incerased 27.4%. Growth in exports and imports in May surpassed expectations. China's CSI 300 was up 0.1% and the SSE Composite gained 0.3%. 

 

Meanwhile, business confidence in Australia remained weak in May at (-)14, compared with (-)23 in April, according to the survey conducted by the National Australia Bank. "... with global uncertainty persisting, the domestic backdrop softening and cost pressures remaining elevated, confidence remains very weak and in negative territory across all industries," the report said. Australia's benchmark S&P/ASX 200 was down 0.6%.

 

The following were the levels of major Asian indices at 0816 IST:

 

Index	Level	Change in %
CSI 300 Index	4728.4751	0.31
Hang Seng Index	24647.93	(-)0.04
Nikkei 225 Day	64506.46	0.75
TOPIX FIRST SECTION	3871.65	0.50
KOSPI	7708.71	3.00
FTSE Singapore Strait Times	5010.86	0.95
S&P/ASX 200 Index	8580.70	(-)0.55

 

(Ruchira Kagita)

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Equity Alert: Chipmakers rebound on Wall Street; NASDAQ, S&P 500 gain

 

MUMBAI--0740 IST--Chipmakers rebounded on Wall Street on Monday after seeing an intense sell-off on Friday. The NASDAQ Composite and S&P 500 ended higher on Monday, even as the Dow Jones Industrial Average closed lower. Israeli Prime Minister Benjamin Netanyahu's comment that the country would hold off on further strikes against Iran aided the sentiment. 

 

Shares of Micron Technology were up almost 10%, while Advanced Micro Devices rose 5%, ASML Holding over 6%, and Broadcom nearly 3%. Marvell Technology, which had closed 16% lower on Friday, advanced almost 10%. Intel Corp. soared around 11?ter The Information reported that Alphabet, the parent of Google, placed an order with Intel to manufacture over 3 million tensor processing units in 2028. Meanwhile, the Philadelphia Semiconductor Index, which tracks 30 major companies involved in semiconductor design and manufacturing, was up almost 6%. All constituents of the index closed in the green.

 

"This market has been priced for quite a while for perfection, and these are certainly imperfect times. In that environment, you are going to see some back-and-forth, and some fear of prices having gone too far," Rick Meckler, partner at Cherry Lane Investments, told Reuters.

 

In some other news, Apple rolled out an artificial intelligence-powered version of Siri at its annual Worldwide Developers Conference in Cupertino, California. "Some appear to be racing forward, seemingly pursuing AI for the sake of AI, without clear regard for the people, all of us, that it's ultimately meant to serve," Reuters quoted Craig Federighi, Apple's senior vice president of Software Engineering, as saying at the conference. Investors, however, were not so enthused about the new launch. Shares of the iPhone maker were down almost 2%. 

 

The following were the closing levels of major US indices on Monday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	50786.01	(-)0.16
NASDAQ Composite	25929.66	0.86%
S&P 500	7405.73	0.30%

 

(Ruchira Kagita)

 

US$1 = INR 95.7075

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

 

Edited by Saji George Titus

 

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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