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Informist, Wednesday, Jul. 29, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Asian markets mixed; Kospi down as SK Hynix  misses estimates

 

MUMBAI--0800 IST--Asian markets opened mixed Wednesday after a harsh selloff Tuesday. South Korea's Kospi recovered most of its Tuesday losses but then fell more than 5%. The small-cap Kosdaq also fell around 5%. South Korea's SK Hynix reported higher earnings, on year and sequentially, but fell short of the Street's estimates. Japan's Nikkei 225 fell more than 4% and the broader market TOPIX fell slightly. Hong Kong's Hang Seng rose more than 1% and Singapore's FTSE rose marginally. 

 

The shares of SK Hynix fell more than 9%. The stock was up during early trade after the company reported a more than six-fold sequential increase in its quarterly operating profit. Samsung Electronics fell more than 5%. Japan's Advantest fell more than 1% and Tokyo Electron fell nearly 10%. The SoftBank Group fell more than 6% while Nvidia Corp. rose slightly. 

 

The latest weakness in Asian chip stocks reflects "the ongoing deleveraging process in Korea and softer sentiment towards global technology stocks," CNBC quoted Kieron Poon, investment director of Asian equities at Aberdeen Investments. The recent volatility "has not changed our long-term positive view," Poon was quoted as saying.

 

Following are the levels of key indices in the region at 0800 IST:

 

Index	Level	Change in %
Nikkei 225 Day	61459.06	(-)1.5
TOPIX FIRST SECTION	3953.62	(-)0.3
S&P/ASX 200 Index	9059.4	1.3
KOSPI Index	5714.19	(-)5.1
Hang Seng Index	25671.29	1.4
CSI 300 Index	4544.75	(-)0.5
FTSE Singapore Strait Times	5635.04	0.3

 

(Deesha Jadhav)

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Equity Alert: US markets close mixed; Boeing, Coca-Cola results up sentiment

 

MUMBAI--0700 IST--Major indices in the US ended mixed Tuesday as investors pulled out of chip stocks but gains in Boeing and Coca-Cola compensated for the fall in chip stocks. The Dow Jones Industrial Average closed 1% higher. The S&P 500 closed slightly higher while the Nasdaq Composite ended almost flat. Concerns over artificial intelligence spending by Alphabet, Microsoft, Amazon and other technology heavyweights have made global markets volatile this month. 

 

Coca-Cola rose 5?ter it posted better-than-expected top line and bottom line, Reuters reported. The company has also raised its earnings outlook for the full year. Boeing rose 4.8?ter it reported a larger-than-expected quarterly loss but generated positive free cash flow. Microsoft rose 1.1% ahead of its earnings, due later in the day. Amazon fell slightly ahead of its results, due Thursday. 

 

Apple rose almost 1% and hit a high of $342.89, which lifted its market capitalisation to $5 trillion for the first time. The company will report its results Thursday. The VanEck Semiconductor ETF fell more than 3%, down for a fourth straight day. Micron and Advanced Micro Devices fell more than 8%. The PHLX Semiconductor index fell 4.5%. 

 

The S&P healthcare index, the consumer staples index, and the materials index all rose between 1.7% and 2.4%. Meanwhile, a decline in chipmakers kept the technology index down 1.4%. Shares of Corning fell 12?ter its June quarter sales missed estimates, while contract research firm IQVIA Holdings rose 14?ter the company reported better-than-expected results for the June quarter. Investors await the outcome of the US Federal Reserve meeting, which will start later in the day. 

 

Following were the closing levels of major US indices Tuesday: 

 

Index	Level	Change in %
Dow Jones Industrial Average	52747.32	1.0
NASDAQ Composite	24876.91	(-)0.2
S&P 500	7428.78	0.2

 

(Deesha Jadhav)

 

US$1 = INR 95.85

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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