
World markets are mixed and Japan's shares dip after election leaves Ishiba's future in doubt
BANGKOK — World shares were mixed on Tuesday after U.S. stock indexes inched to more records at the start of a week of profit updates from big U.S. companies.
Germany's DAX lost 0.5% to 24,186.14 and the CAC 40 in Paris gave up 0.4% to 7,768.46. Britain's FTSE 100 edged 0.1% lower, to 9,009.34.
The futures for the S&P 500 and the Dow Jones Industrial Average were virtually unchanged.
In Asian trading, Japan's benchmark surged and then fell back as it reopened from a holiday Monday following the ruling coalition's loss of its upper house majority in Sunday's election.
The Nikkei 225 shed 0.1% to 39,774.92.
Analysts said the market initially climbed as investors were relieved that Prime Minister Shigeru Ishiba vowed to stay in office despite the setback. But the election's outcome has added to political uncertainty and left his government without the heft needed to push through legislation.
A breakthrough in trade talks with the U.S. might win Ishiba a reprieve, but so far there's been scant sign of progress in negotiating away the threat of higher tariffs on Japan's exports to the U.S. beginning Aug. 1.
'Relief may be fleeting. Ishiba's claim to leadership now rests on political duct tape, and history isn't on his side. The last three LDP leaders who lost the upper house didn't last two months,' Stephen Innes of SPI Asset Management said in a commentary.
Elsewhere, Hong Kong's Hang Seng rose 0.4% to 25,082.78, while the Shanghai Composite index advanced 0.6% to 3,581.86.
South Korea's Kospi sank 1.3% to 3,169.94, with investors concerned over the Aug. 1 deadline for making a deal with U.S. President Donald Trump or facing 25% tariffs on all the country's exports to the U.S.
Australia's S&P/ASX 200 added 0.1% to 8,677.20.
India's Sensex gained 0.1%, while
In Thailand, the SET sank 1.1% after the government named Vitai Ratanakorn as the new future governor of the central bank. He is viewed as likely to be less independent than the current governor, raising concerns about the bank's independence, analysts said.
Vitai will replace Sethaput Suthiwartnarueput, when his term as governor ends in September.
Many of Trump's stiff proposed tariffs are paused after he extended the deadline for talks to allow more time to reach potential trade deals that could lower those rates. Aug. 1 is the next big deadline, at least for now.
U.S. stock indexes inched their way to more records on Monday to kick off a week full of profit updates from big U.S. companies.
General Motors will report its latest profit results later this week, along with such market heavyweights as Alphabet, Coca-Cola and Tesla.
The S&P 500 rose 0.1% and squeaked past its prior all-time high set on Thursday. The Dow edged down less than 0.1% and the Nasdaq composite added 0.4% to its own record.
Verizon Communications helped lead the way and rose 4%. The telecom giant reported a stronger profit and higher revenue for the latest quarter than expected and raised its forecasts for the full year.
That helped offset a 5.4% drop for Sarepta Therapeutics, which continued to fall after the Food and Drug Administration said on Friday that it asked the company to voluntarily stop all shipments of Elevidys, its gene therapy for Duchenne muscular dystrophy, due to safety concerns.
Cleveland-Cliffs rallied 12.4% after the steel producer reported a smaller loss for the spring than analysts expected. It's a major supplier to the auto industry, and Trump's tariffs steer companies hoping to sell cars in the United States toward steel made in the country.
In other dealings early Tuesday, U.S. benchmark crude oil lost 55 cents to $65.40 per barrel, while Brent crude, the international standard, gave up 54 cents to $68.67 per barrel.
The U.S. dollar rose to 147.67 Japanese yen from 147.38 yen. The euro slipped to $1.1690 from $1.1696.
Elaine Kurtenbach, The Associated Press
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
27 minutes ago
- Globe and Mail
Imagen Launches New Routing Layers Using XRP Cryptocurrency to Streamline Creator-Led AI Content Distribution
Infrastructure upgrade unlocks faster multichain delivery and monetization for decentralized creators. Singapore, Singapore--(Newsfile Corp. - July 24, 2025) - Imagen Network (IMAGE), the decentralized AI social platform, has deployed advanced routing layers powered by XRP cryptocurrency to enhance the delivery and monetization of creator-generated content across its multichain ecosystem. This upgrade allows for low-latency distribution of AI-assisted media, social posts, and NFT experiences while ensuring scalable settlement and efficient payment flows. Advancing creator tools with intelligent, decentralized content distribution. To view an enhanced version of this graphic, please visit: With XRP's high-speed and low-cost transaction model, creators within the Imagen platform can now more effectively distribute customized content, engage global audiences, and monetize their work across Ethereum, BNB Chain, and Solana-all without relying on centralized intermediaries. The integration supports direct, creator-led experiences supported by dynamic AI personalization. These new routing layers enable Imagen's AI filters, social nodes, and tokenized experiences to operate with greater fluidity across chains, unlocking faster interactions and personalized delivery in real time. For creators, this means smoother campaign rollouts, real-time fan engagement, and cross-border access to decentralized income streams. By blending XRP architecture with Imagen's modular AI stack, the platform is reshaping how creators connect, scale, and earn in Web3-powered social environments. About Imagen Network Imagen Network is a decentralized social platform that blends AI content generation with blockchain infrastructure to give users creative control and data ownership. Through tools like adaptive filters and tokenized engagement, Imagen fosters a new paradigm of secure, expressive, and community-driven networking. Media Contact Dorothy Marley KaJ Labs +1 707-622-6168 media@ Social Media Twitter Instagram To view the source version of this press release, please visit


Japan Forward
an hour ago
- Japan Forward
Anti-Japan Protest Disbands Amid Security Law Probe
South Korean civic group Anti-Japan Action ceased its nearly decade-long sit-in protest on July 19 in front of the Statue of Peace near the former Japanese Embassy in Seoul. The protest began in early 2016 to oppose a bilateral agreement between Tokyo and Seoul on the comfort women issue. Sometimes referred to as the "comfort women statue," the first monument was erected in 2011 in Seoul to commemorate what the South Korean side describes as young women who were forcibly taken and sexually enslaved by the Japanese military during its colonial rule. The Japanese government has consistently denied the allegations. On July 19, the Anti-Japan Action announced it was temporarily suspending its activities, citing increasing government pressure. "We are now entering a new phase of struggle. But suspending the vigil at the statue does not mark the end of our movement," the group said. According to Yonhap News , Seoul Metropolitan Police had issued a fifth summons against Anti-Japan Action. "The crackdown is intensifying. We now intend to focus our efforts on confronting police repression," the group told the news agency. Anti-Japan activists occupy the space in front of the comfort women statue before the Japanese Embassy in Seoul on December 8, 2021. (© Sankei by Tatsuya Tokiyoshi) Just last month, the police arrested and questioned Anti-Japan Action's representative on suspicion of violating South Korea's National Security Act. Authorities suspect some of the organization's activities display pro-North Korean leanings and are probing possible links to the People's Democracy Party (PDP), a leftist South Korean political party. On the same day, the PDP also ended its one-person demonstration in front of the United States Embassy in Seoul. The party had maintained the protest since 2016, calling for the withdrawal of US troops from the Korean Peninsula. Police are likewise investigating the party, which comprises the majority of the Anti-Japan Action members, on suspicion of violating the National Security Act by forming a subversive entity. On June 24, 2020, students sit around the comfort women statue in front of the Japanese embassy in Seoul, trying to protect it from a South Korean conservative civic group demanding its removal. (Sankei by Takahiro Namura) In July, the Seoul Metropolitan Police Agency raided the party's headquarters in Seoul and seized a mobile phone belonging to Han Myung-hee, PDP's former leader. Han and several other party members are under investigation. Article 7 of South Korea's National Security Act stipulates that praising, encouraging, or propagating the activities of an anti-state organization or an individual acting under its direction is punishable by up to seven years in prison. Meanwhile, members of the National Action for the Abolition of the Comfort Women Act gathered at the site on Wednesday, calling for the statue's removal. The group has obtained permits to hold rallies next to the Statue of Peace since February 2023, but was unable to proceed due to Anti-Japan Action's occupation. "Until now, the police had forcibly divided the rally zones around the statue without our consent, citing potential clashes between our group and the Anti-Japan Action," the group said. "We will now hold weekly rallies beside the statue, calling for its complete removal and continuing to expose the comfort women fraud." Author: Kenji Yoshida


Globe and Mail
2 hours ago
- Globe and Mail
Nidec Announces the Disclosure of the Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2026, Exceeding 45 Days After the Quarter-End
Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the 'Company') hereby announces that the scheduled disclosure date of the financial results for the first quarter of the fiscal year ending March 31, 2026, will exceed 45 days after the quarter-end, as detailed below. 1. Reason for the Delay in the Disclosure of the Financial Results As announced in our press release dated June 26, 2025, titled "Notice concerning board of directors' resolution of application for approval of deadline extension for submission of securities report for 52nd fiscal year," the Company is continuing additional investigations concerning issues related to trade transactions and customs issues involving one of our consolidated subsidiaries. Consequently, the consolidated financial statements for the fiscal year ended March 31, 2025, have not yet been finalized. Furthermore, as stated in our press release dated June 27, 2025, titled "Notice concerning approval of deadline extension for submission of the securities report for the fiscal year ended March 31, 2025," we are working to submit the annual securities report for the fiscal year ended March 31, 2025, by the extended deadline of September 26, 2025. However, due to the ongoing additional investigations mentioned above, delays have also occurred in the procedures for the financial results for the first quarter of the fiscal year ending March 31, 2026. As a result, the disclosure of the financial results for the first quarter of the fiscal year ending March 31, 2026, will be postponed. 2. Future Disclosure Schedule The new disclosure date for the financial results for the first quarter of the fiscal year ending March 31, 2026, will be announced promptly once determined. We sincerely apologize for any inconvenience and concern this may cause to our shareholders, investors, and other stakeholders.