More Stories

Informist, Wednesday, Jun. 24, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Asian mkts mixed; select chipmaking stocks recover; Kospi up 4%

 

MUMBAI--0815 IST--Stock indices in Asia were mixed in early trade on Wednesday as select technology stocks recovered from their lows in the previous session. Despite the losses seen in their US peers overnight, stocks of select chipmakers in the region rose during early trade. South Korea's Kospi, up roughly 4%, outperformed peers in the region, recovering some of its losses from the previous session. Japan's Nikkei 225 and the broader-market Topix were the worst performers in the region amid hawkish cues from the country's central bank.

 

Early gains in shares of index heavyweights pushed the Kospi into positive territory on Wednesday. Consumer electronics major Samsung Electronics was up nearly 8%, while semiconductor leader SK Hynix gained 3%. Both stocks had shed around 12?ch on Tuesday and dragged down the benchmark South Korean index, which ended around 10% lower.

 

Recent channel checks across Asia and enterprise-AI demand trends showed "no cracks in the armor," Dan Ives, senior equity research analyst at Wedbush Securities, told CNBC. Ives argued that the selloff in South Korean technology stocks was likely a pause after a near 100% rally in the Kospi this year, rather than a weakening of fundamentals. 

 

Nikkei 225 and Topix were down 0.4?ch during early trade. A summary of opinions from the Bank of Japan's meeting earlier this month released on Wednesday showed some board members called for further interest rate hikes to push the central bank's policy rate closer to levels deemed neutral to the economy, according to a Reuters report. Last week, the central bank raised interest rates to a 31-year high of 1.00%. 

 

Following are the levels of key indices in the region at 0812 IST:

 

Index	Level	Change in %
CSI 300 Index	4930.75	0.23
Hang Seng Index	23295.0.3	(-)0.18
Nikkei 225 Day	69523.79	(-)0.38
TOPIX FIRST SECTION	3975.37	(-)0.38
KOSPI	8490.39	3.49
FTSE Singapore Strait Times	5229.82	0.46
S&P/ASX 200 Index	8812.4	0.29

 

(Shruti Nair)

---

Equity Alert: US indices end lower amid selling in chipmaker stocks

 

MUMBAI--0740 IST--US equity indices ended lower on Tuesday as selling of chipmaker stocks, which started in the previous session, continued. The tech-heavy Nasdaq was the worst performer among its peers, falling over 2%, followed by the S&P 500, which lost over 1%. The Dow Jones Industrial Average posted the smallest decline among the three major indices, closing 0.1% lower.

 

Shares of Micron Technology ended 13% lower and were among the worst-hit stocks ahead of the company's quarterly results, due after the close on Wednesday. Sector giant Nvidia ended over 4% lower, while other notable players such as Intel and Advanced Micro Devices closed around 6% lower each. On Tuesday, chipmakers' stocks suffered a major pullback globally as investors evaluated the growing debt-funded artificial intelligence sector.

 

Shares of Alphabet, which were among the major laggards in the previous session, ended 1% lower. The stock shed 5% on Monday amid AI-related concerns and recent departures of high-profile talent.

 

"The AI beneficiaries are the sell-off, and I don't think they're expensive, but they're crowded," Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management, said on CNBC's "Squawk Box" Tuesday. "It's captured kind of the zeitgeist of the momentum traders, and when that happens, you're going to have sharp sell-offs like we're having. I'd argue it's healthy."

 

Technology stocks outside chipmakers helped limit the losses in indices. Magnificent 7 members Microsoft and Amazon ended 1–2% higher, while stocks like Walmart, Procter & Gamble, and Johnson & Johnson also recorded gains, ending around 2% higher each. Notably, International Business Machines shares popped 5% following an upgrade to 'overweight' at JPMorgan, according to a CNBC report.

 

Market participants will watch out for the Personal Consumption Expenditures Price Index data, the US Federal Reserve's preferred inflation gauge, due Thursday. 

 

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

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	51666.84	(-)0.09
NASDAQ Composite	25587.04	(-)2.21
S&P 500	7365.46	(-)1.44

 

(Shruti Nair)

 

US$1 = INR 94.74

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.

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.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.