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Informist, Friday, Jul. 24, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Technology stocks, high crude oil drag Asian indices lower

 

MUMBAI--0742 IST--Indices in Asia opened lower Friday after US indices closed lower on fears of inflation as crude oil prices crossed $100 a barrel. New US tariffs and concerns over spending on artificial intelligence also affected market sentiment after technology companies' earnings failed to enthuse the market. Japan's Nikkei 225 and South Korea's KOSPI both fell more than 3?ch, led by losses in chip-makers. The Trump administration will impose new tariffs on 60 countries over alleged forced-labor violations. 

 

South Korea's SK Hynix and Samsung electronics both fell more than 5%. The Korea Securities Depository said that SK Hynix's 2.5?p on converting Seoul-listed shares into American Depositary Receipts was fully used up during its $26.5 billion US offering on July 10, according to Bloomberg. The limit halts arbitrage trading, leaving investors unable to narrow a massive price gap that saw SK Hynix's US-listed ADRs trade at a premium of up to 51% over its shares in Seoul.

 

Japan's Advantest and Tokyo Electron both fell 6.3% and 5.4%, respectively. Technology investor SoftBank Group fell 7.42% and memory chipmaker Kioxia lost 4.4%. Maker of Pocari Sweat Otsuka Holdings rose 1.6% to become the top gainer on the Nikkei.

 

Japan's core Consumer Price Index rose 1.6% in June from a year earlier, data showed Friday, in line with market expectations but higher from the 1.4% increase in May, Reuters reported. The headline inflation increased to 1.7% from 1.5% in May. The Producer Price Index rose 7.1% on year, the highest level since March 2023.

 

Following are the closing levels of key indices in the region at 0742 IST:

 

Index	Level	Change in %
Nikkei 225 Day	64347.68	(-)3.1
TOPIX FIRST SECTION	4000.1	(-)1.3
S&P/ASX 200 Index	8799.2	(-)0.5
KOSPI Index	6860.3	(-)3.3
Hang Seng Index	24876.12	(-)1.3
CSI 300 Index	4696.45	(-)0.7
FTSE Singapore Strait Times	5545.11	(-)0.7

 

(Deesha Jadhav)

 

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Equity Alert: US indices end down on AI spending worries, oil price surge

 

MUMBAI--0702 IST--Major US indices closed lower Thursday with the Nasdaq Composite falling more than 2?ter earnings of major technology companies raised concerns about heavy spending on artificial intelligence. Crude oil prices surged as the US and Iran continued air strikes and raised concerns over inflation. The Trump administration will impose new tariffs on 60 countries over alleged forced-labor violations.

 

The duties will be between 10.0% and 12.5% and will effectively replace the temporary 10% global tariffs, CNBC reported. These tariffs will apply to 60 trade partners and will cover over 99% of US trade. An estimate of the revenue which will be generated through these tariffs was not provided by the US Trade Representative, CNBC reported. 

 

The Dow Jones Industrial Average and the S&P 500 both fell around 1%. Sentiment was affected by the quarterly earnings of Tesla and Alphabet. Tesla fell nearly 15%, marking its worst day since March 2025. This was after it reported lower-than-expected earnings. Alphabet raised its full-year guidance for capital expenditure and the stock fell 7%. 

 

The chipmaker Intel rose 9?ter the company reported the largest quarterly revenue in nearly 15 years, CNBC reported. The company reported a top line of $16.1 billion for the second quarter, up 25% on year. American brewery Boston Beer rose 2% after the company reported slightly higher earnings for the second quarter which narrowly beat the Street's estimates. The company also reaffirmed its full-year earnings guidance of $8.50 to $10.50 per share, versus the consensus estimate of $9.38, as per the report.

 

On the positive side, Lockheed rallied almost 11?ter it raised its full year sales and profit forecast. RTX rose more than 7?ter it also raised its sales and profit forecasts for the full year.

 

Following were the closing levels of major US indices Thursday:

 

Index	Level	Change in %
Dow Jones Industrial Average	51711.65	(-)1.0
NASDAQ Composite	25137.69	(-)2.2
S&P 500	7408.3	(-)1.2

 

(Deesha Jadhav)

 

US$1 = INR 96.57

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

 

Edited by Pankaj Aher

 

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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