Asian Penny Stocks: LX Technology Group Leads 3 Compelling Picks
Name
Share Price
Market Cap
Financial Health Rating
Lever Style (SEHK:1346)
HK$1.29
HK$813.93M
★★★★★★
Ever Sunshine Services Group (SEHK:1995)
HK$2.04
HK$3.53B
★★★★★☆
TK Group (Holdings) (SEHK:2283)
HK$2.27
HK$1.89B
★★★★★★
CNMC Goldmine Holdings (Catalist:5TP)
SGD0.435
SGD176.3M
★★★★★☆
Goodbaby International Holdings (SEHK:1086)
HK$1.05
HK$1.75B
★★★★★★
Yangzijiang Shipbuilding (Holdings) (SGX:BS6)
SGD2.25
SGD8.86B
★★★★★☆
Beng Kuang Marine (SGX:BEZ)
SGD0.182
SGD36.26M
★★★★★★
BRC Asia (SGX:BEC)
SGD3.12
SGD855.97M
★★★★★★
Bosideng International Holdings (SEHK:3998)
HK$4.64
HK$53.16B
★★★★★★
United Energy Group (SEHK:467)
HK$0.52
HK$13.44B
★★★★★★
Click here to see the full list of 1,001 stocks from our Asian Penny Stocks screener.
We'll examine a selection from our screener results.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: LX Technology Group Limited offers device lifecycle management solutions in the People's Republic of China and Hong Kong, with a market capitalization of approximately HK$1.02 billion.
Operations: The company's revenue is derived from three main segments: Device Recycling (CN¥1.84 billion), Device Subscription (CN¥379.48 million), and IT Technical Subscription (CN¥156.55 million).
Market Cap: HK$1.02B
LX Technology Group Limited, with a market capitalization of HK$1.02 billion, derives significant revenue from device lifecycle management solutions in China and Hong Kong. Despite being unprofitable, the company has reduced its losses by 19.8% annually over the past five years and maintains a seasoned management team with an average tenure of 6.2 years. The company's short-term assets exceed both short- and long-term liabilities, indicating solid liquidity. However, it faces high volatility in share price and a net debt to equity ratio of 56.8%. Shareholders have not experienced meaningful dilution recently, reflecting stability in ownership structure.
Dive into the specifics of LX Technology Group here with our thorough balance sheet health report.
Examine LX Technology Group's past performance report to understand how it has performed in prior years.
Simply Wall St Financial Health Rating: ★★★★★★
Overview: PropNex Limited is an investment holding company that offers real estate services in Singapore, with a market capitalization of SGD 814 million.
Operations: The company's revenue is primarily derived from Agency Services at SGD 591.61 million and Project Marketing Services at SGD 185.57 million, with additional contributions from Training Services at SGD 3.48 million and Administrative Support Services at SGD 2.29 million.
Market Cap: SGD814M
PropNex Limited, with a market cap of SGD 814 million, has shown mixed performance as a penny stock. Despite being debt-free and having high-quality earnings, the company faces challenges such as negative earnings growth over the past year and unsustainable dividend coverage. Its net profit margin has declined slightly to 5.2%, and management is relatively inexperienced with an average tenure of 1.9 years. However, PropNex maintains strong liquidity with short-term assets exceeding liabilities and offers a high return on equity at 33.4%. The stock trades significantly below estimated fair value, presenting potential opportunities for investors mindful of its volatility and recent financial performance trends.
Click here to discover the nuances of PropNex with our detailed analytical financial health report.
Evaluate PropNex's prospects by accessing our earnings growth report.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Quzhou Xin'an Development Co., Ltd. operates in real estate development, technology manufacturing, and financial services in China with a market cap of CN¥24.32 billion.
Operations: The company generates CN¥14.59 billion in revenue from its operations in China.
Market Cap: CN¥24.32B
Quzhou Xin'an Development, with a market cap of CN¥24.32 billion, presents a complex picture for potential investors. The company's revenue has dropped significantly to CN¥344.89 million from CN¥2.24 billion year-on-year, yet net income rose to CN¥423.95 million, indicating improved profit margins of 7.3%. Despite high debt levels and low return on equity at 4.5%, the company maintains strong short-term asset coverage over liabilities and has reduced its debt-to-equity ratio over five years. Trading at good value relative to peers, it offers high-quality earnings but faces challenges with negative recent earnings growth and limited operating cash flow coverage for its debt obligations.
Click to explore a detailed breakdown of our findings in Quzhou Xin'an Development's financial health report.
Assess Quzhou Xin'an Development's future earnings estimates with our detailed growth reports.
Unlock our comprehensive list of 1,001 Asian Penny Stocks by clicking here.
Searching for a Fresh Perspective? The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 22 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SEHK:2436 SGX:OYY and SHSE:600208.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@simplywallst.com
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39 minutes ago
- Yahoo
Schwab Trading Activity Index™: STAX Score Climbs Slightly After Three Months of Decline
Schwab clients were sellers of equities in June; Net selling was highest in the Information Technology, Financial and Communication Services sectors WESTLAKE, Texas, July 08, 2025--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) increased slightly to 40.66 in June, up from its score of 39.68 in May. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab's millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending June 27, 2025, ranks "low" compared to historic averages. "One theme that carried throughout the June STAX period was the rotation into industrial and discretionary sectors and away from tech," said Joe Mazzola, Head Trading and Derivatives Strategist at Charles Schwab. "The industrial sector has been a top performer year-to-date, with all the talk of onshoring leading to increased infrastructure investment." As the S&P 500 index (SPX) set new record highs in June and climbed more than 5%, Schwab clients gingerly dipped their toes in the water but stayed cautious. The STAX climbed for the first month after three straight declines, but by less than 2.5% and not much above May's two-year lows. The STAX improved the first three weeks of June but declined in the final full week of the month. And while up slightly on a month-to-month basis, the STAX remains well below its 2025 high of 51.94 posted in February and was outpaced by the SPX for the fourth straight month, hinting at prolonged caution by clients. Tech has now seen strong selling by clients since December, excepting a short period of optimism in late January and early February. Meanwhile, the trend toward buying of exchange-traded funds (ETFs) as opposed to individual stocks also remained popular, according to the June STAX data. "For the fifth month in a row, information technology was the biggest net-sell sector on a dollar basis, and the reason we're seeing big net-outflows in tech is really Nvidia-based," said Mazzola. "This was the second month in a row of selling in Nvidia, and the selling came despite Nvidia's shares climbing around 15% during the period amid optimism about U.S. trade with China and rising demand for AI chips overall. Microsoft also saw net-selling as its shares hit new record highs. This could suggest clients getting nervous about the velocity of these moves and trimming into strength." Stock market volatility fell again in June, easing as investors expected positive outcomes on both the tariff and U.S. budget front and despite geopolitical rumblings centered on war in the Middle East. The CBOE Volatility Index® (VIX) traded well below its historic average of 20 by late June. The May U.S. Nonfarm Payrolls report showed 139,000 jobs created, slightly above expectations but down from a revised 147,000 in April, as unemployment remained low at 4.2%. Participation in the labor market fell to 62.4% from 62.6%, a reversal from April's gain. Inflation reports in June offered fresh signs of price growth retreating, though not approaching the Federal Reserve's 2% target. The May Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) index generally featured price growth slowing from April, though core PCE that subtracts volatile food and energy prices rose 2.7% year over year, a slightly higher-than-expected reading. The Fed kept rates unchanged at its June meeting at a target range of 4.25% to 4.5%, where it's been since December. Personal income fell a sharp 0.4% in May while spending slipped 0.1%. The reduced spending could reflect demand having been pulled forward into earlier in the year by tariff-based inflation worries. Treasury note yields slipped in June, with the Treasury market gaining despite worries that the Republican budget plan could significantly raise U.S. debt (yields trade inversely to Treasuries). Yields fell below 4.3% for the benchmark 10-year note by late June, down about 30 basis points from a month earlier and not far from two-month lows. Popular names bought by Schwab clients during the period included: Tesla Inc. (TSLA) Palantir Technologies Inc. (PLTR) Inc. (AMZN) Alphabet Inc. (GOOGL) Circle Internet Group Inc. (CRCL) Names net sold by Schwab clients during the period included: NVIDIA Corp. (NVDA) Microsoft Corp. (MSFT) Coinbase Global Inc. (COIN) Meta Platforms Inc. (META) Intel Corp. (INTC) About the STAX The STAX value is calculated based on a complex proprietary formula. Each month, Schwab pulls a sample from its client base of millions of funded accounts, which includes accounts that completed a trade in the past month. The holdings and positions of this statistically significant sample are evaluated to calculate individual scores, and the median of those scores represents the monthly STAX. For more information on the Schwab Trading Activity Index, please visit Additionally, Schwab clients can chart the STAX using the symbol $STAX in either the thinkorswim® or thinkorswim Mobile platforms. Investing involves risk, including loss of principal. Past performance is no guarantee of future results. Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type. Historical data should not be used alone when making investment decisions. Please consult other sources of information and consider your individual financial position and goals before making an independent investment decision. The STAX is not a tradable index. The STAX should not be used as an indicator or predictor of future client trading volume or financial performance for Schwab. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. 0725-EH6Y View source version on Contacts At the Company Margaret FarrellDirector, Corporate Communications(203) Sign in to access your portfolio
Yahoo
40 minutes ago
- Yahoo
Trump tariffs live updates: Trump says he won't extend August 1 deadline after letters to Japan, South Korea, others
President Trump ramped up his tariff threats on Tuesday with a post on Truth Social, saying there will be no extensions and that money will be due and payable starting Aug. 1. "There has been no change to this date, and there will be no change," Trump wrote. "In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted." Trump's renewed firmness on that deadline came after he posted a flurry of letters warning world leaders, threatening to impose tariffs similar to those he announced in April. On Monday, Trump posted 14 letters from countries, including South Africa, Malaysia, and Thailand, outlining tariffs ranging from 25% to 40%. The moves highlighted the topsy-turvy nature of the president's trade policy, which now theoretically allows more time for negotiation. Since Trump's April pause, the US has only clinched trade deals with the UK and Vietnam thus far, as well as a framework with China. Meanwhile, China warned Trump on Tuesday against restarting trade tensions and that it would hit back at countries that make deals with the US to exclude China from supply chains. Last month, the US and China agreed on a trade framework to ease tensions, but many details remain vague. Investors are now waiting to see if this agreement can withstand a new round of trade brinkmanship. "One conclusion is abundantly clear: dialogue and cooperation are the only correct path," the official People's Daily said in a commentary, referring to the exchanges in the current round of China-US trade tension. Here is where things stand with various other partners: Vietnam: The deal with Vietnam will see the country's imports face a 20% tariff — lower than the 46% Trump had threatened in April. He also said Vietnamese goods would face a higher 40% tariff "on any transshipping" — when goods shipped from Vietnam originate from another country, like China. European Union: The EU has signaled it is willing to accept a 10% universal tariff on many of its exports but is seeking exemptions for certain sectors. The bloc is reportedly racing to clinch a deal this week. Canada: Canada has scrapped its digital services tax that was set to affect large US technology companies. The White House said trade talks between the two countries had resumed, with a deal by mid-July in focus. Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Here's a look at the 14 countries that got tariff letters on Monday, as well as their key exports to the US and response, per the AP: Myanmar: Key exports include clothing, leather goods, and seafood. Laos: Key exports include shoes with textile uppers, wood furniture, electronic components, and optical fiber. Cambodia: Key exports include textiles, clothing, shoes, and bicycles. Thailand: Key exports include computer parts, rubber products, and gemstones. Response: Thailand's Deputy Prime Minister Pichai Chunhavajira said Thailand will continue to push for tariffs negotiations with the United States. Thailand on Sunday submitted a new proposal that includes opening the Thai market for more American agricultural and industrial products and increasing imports of energy and aircraft. Bangladesh: Key exports include clothing. Response: Bangladesh's finance adviser Salehuddin Ahmed said Bangladesh hopes to negotiate for a better outcome. There are concerns that additional tariffs would make Bangladesh's garment exports less competitive with countries like Vietnam and India. Serbia: Key exports included software and IT services and car tires. Indonesia: Key exports include palm oil, cocoa butter, and semiconductors. Bosnia and Herzegovina: Key exports include weapons and ammunition. South Africa: Key exports include platinum, diamonds, vehicles, and auto parts Response: The office of South African President Cyril Ramaphosa said in a statement that the tariff rates announced by Trump mischaracterized the trade relationship with the US, but it would 'continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States' after having proposed a trade framework on May 20. Japan: Key exports include autos, auto parts, and electronics. Response: Japanese Prime Minister Shigeru Ishiba called the tariff 'extremely regrettable' but said he was determined to continue negotiating. Ishiba said Trump's tariff rate is lower than the levels he had threatened earlier and opens the way for further negotiations. Kazakhstan: Key exports include oil, uranium, ferroalloys, and silver. Malaysia: Key exports include electronics and electrical products. Response: Malaysia's government said it will pursue talks with the US A Cabinet meeting is scheduled for Wednesday. South Korea: Key exports include vehicles, machinery, and electronics. Response: South Korea's Trade Ministry said early Tuesday that it will accelerate negotiations with the United States to achieve a deal before the 25% tax on its exports goes into effect. Tunisia: Key exports include animal and vegetable fats, clothing, fruit and nuts. Read more here. While the 90 deals in 90 days hasn't materialized, the 14 letters sent out Monday detailing new tariff rates — and additional ones expected today — offer a new jolt to trade talks. And over the next week, the European Union and India will be in particular focus as the Trump administration makes progress on deals. Yahoo Finance's Ben Werschkul reports: Read more here. US imports of contanerized goods from China fell 28.3% in June versus the same period last year, after higher tariffs on goods extended a steep drop that began in May, according to supply chain technology provider Descartes. Reuters reports: Read more here. President Trump posted on Truth Social that the US will begin collecting tariff revenue for the "letter" tariffs beginning on Aug. 1. He also stressed that he will not grant any tariff pause extensions after that date. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025," Trump wrote. "There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!" Trump's social media post echoes his sentiment last Thursday, when he told reporters, "As far as I'm concerned, we're done." When asked if tariff rates could change again in the next month, Trump added, "I would say firm but not 100% firm." As my colleague Ben Werschkul pointed out, some market participants have taken the letters as a hawkish signal that at least some of these tariffs will remain in effect. Stocks edged lower in morning trading Tuesday as investors assessed whether Trump might dial back tariffs again. Read more here. Today marks the start of Amazon Prime Day (AMZN), a shopping event exclusively for Prime members, where they can access deals on a wide range of products. Amazon Prime Day typically lasts four days but tariff-related price worries have meant that Amazon may have to extend its annual sales event and start offering new membership perks to Gen Z shoppers. Prime day, which has been running for 11 years, promises a flurry of summer deals and starts at 3:01 ET. Amazon has said that it will have deals dropping every 5 minutes during certain periods over the next few days. But reports have said that some Amazon retailers will be sitting this years event out due to President Trump's tariffs. 'Prime Day will provide an early indication on consumer appetite, especially in categories like apparel, electronics and TVs, where price drops are expected to be the deepest,' said Vivek Pandya, lead analyst at Adobe Inc., which expects Amazon and other US retailers to generate $23.8 billion in online sales during the four-day event. Some hope the event will provide a glimpse into how much consumers are spending and what they are buying amid mixed signals around the US economy. 'Prime Day will be quite a test,' said Romain Fouache, the CEO of Akeneo, which sells software used by online merchants. The firm conducted a survey of 1,000 US shoppers showing that 1 in 4 respondents planned to skip Prime Day due to tariffs while 57% said they would more closely monitor prices. Read more here. Yahoo Finance's Washington Correspondent Ben Werschkul reports: Read more here. Trade tensions have dampened US small business confidence, which slipped in June due to firms citing that they had too much inventory. Reuters reports: Read more here. The executive director of the United Nations trade agency said Tuesday that the Trump administration's decision to extend the negotiating deadline for tariff rates is causing prolonged uncertainty and instability for countries. Reuters reports: Read more here. When President Trump and Japanese Premier Shigeru Ishiba first met in February, the pledge from Tokyo to the US of a $1 trillion investment appeared to help relations, with Trump citing their "fantastic relationship". However, in the months since, trade negotiations with the US have not gone as well, and Japan's efforts seemed to have backfired. Reuters reports: Read more here. India is panning to source 10% of its cooking gas imports from the US starting in 2026, according to people familiar with the matter. This latest news is part of a broader effort to boost energy purchases and narrow its trade gap with the US. Reuters reports: Read more here. Southeast Asia economies are preparing to step up trade negotiations with Washington after President Trump hit them with steep tariffs. Reuters reports: Read more here. Reuters reports: Read more here. Samsung Electronics ( reported a far worse than expected 56% plunge in second-quarter operating profits on Tuesday, citing weak AI chip sales. This has now deepened investor concerns over the tech giant's ability to revive its struggling semiconductor business. The world's biggest memory chipmaker blamed the profit miss on US restrictions on advanced AI chips for China. Reuters reports: Read more here. China has warned President Trump against restarting trade tensions. Beijing threatened retaliation against nations that strike supply chain deals with the US that sideline China. Washington and Beijing reached a trade framework last month in London with the aim of calming tensions, but now investors are watching closely to see if it will last. This warning from China follows Trump's recent wave of letters to global leaders, in which he threatened new tariffs similar to those he unveiled in April. Reuters reports: Read more here. The European Union is meeting to push through an outline of the trade deal currently being negotiated to avoid the brunt of Trump's tariffs past July 9 and into a further period of negotiation. Bloomberg reports: Read more here. President Trump just posted his latest batch of letters informing country leaders of the tariffs their goods' exports to the US will face. Per Yahoo Finance's Ben Werschkul, here's a look at the countries included in this batch — and how their newly announced rates compare to April's: Thailand: April: 36% Now: 36% Cambodia: April: 49% Now: 36% Serbia: April: 37% Now: 35% Bangladesh: April: 37% Now: 35% Indonesia: April: 32% Now: 32% Bosnia and Herzegovina: April: 35% Now: 30% Tunisia: April: 28% Now: 25% Yahoo Finance's Ben Werschkul writes: President Trump just posted additional letters revealing new tariff rates for five additional countries. The letters contain similar language and terms urging foreign companies to move production to the US and warning that any tariff increases will face retaliation. Per Trump, the US will impose tariffs on the following countries starting on Aug. 1: Myanmar: 40% (below the 44% set under the "Liberation Day" program) Laos: 40% (versus 48% previously) South Africa: 30% (versus 30% previously) Kazakhstan 25% (versus 27% previously) Malaysia: 25% (versus 24% previously) Approximately 12 countries will receive letters from President Trump today informing them of new tariff rates, White House press secretary Karoline Leavitt stated in a press briefing on Monday. The remaining countries will also receive letters in the coming days and weeks. Leavitt declined to say which countries will receive the letters today and said that all missives will be posted to Trump's Truth Social account. So far, the president has posted two letters addressed to the leaders of Japan and South Korea outlining 25% tariffs. President Trump will also sign an executive order delaying the July 9 deadline for all countries to Aug. 1 later today, Leavitt stated. The EU faces a tough challenge this week — either swallow higher tariffs to avoid a trade war with the US or retaliate to put pressure on the US to compromise. The FT reports: Read more here. Here's a look at the 14 countries that got tariff letters on Monday, as well as their key exports to the US and response, per the AP: Myanmar: Key exports include clothing, leather goods, and seafood. Laos: Key exports include shoes with textile uppers, wood furniture, electronic components, and optical fiber. Cambodia: Key exports include textiles, clothing, shoes, and bicycles. Thailand: Key exports include computer parts, rubber products, and gemstones. Response: Thailand's Deputy Prime Minister Pichai Chunhavajira said Thailand will continue to push for tariffs negotiations with the United States. Thailand on Sunday submitted a new proposal that includes opening the Thai market for more American agricultural and industrial products and increasing imports of energy and aircraft. Bangladesh: Key exports include clothing. Response: Bangladesh's finance adviser Salehuddin Ahmed said Bangladesh hopes to negotiate for a better outcome. There are concerns that additional tariffs would make Bangladesh's garment exports less competitive with countries like Vietnam and India. Serbia: Key exports included software and IT services and car tires. Indonesia: Key exports include palm oil, cocoa butter, and semiconductors. Bosnia and Herzegovina: Key exports include weapons and ammunition. South Africa: Key exports include platinum, diamonds, vehicles, and auto parts Response: The office of South African President Cyril Ramaphosa said in a statement that the tariff rates announced by Trump mischaracterized the trade relationship with the US, but it would 'continue with its diplomatic efforts towards a more balanced and mutually beneficial trade relationship with the United States' after having proposed a trade framework on May 20. Japan: Key exports include autos, auto parts, and electronics. Response: Japanese Prime Minister Shigeru Ishiba called the tariff 'extremely regrettable' but said he was determined to continue negotiating. Ishiba said Trump's tariff rate is lower than the levels he had threatened earlier and opens the way for further negotiations. Kazakhstan: Key exports include oil, uranium, ferroalloys, and silver. Malaysia: Key exports include electronics and electrical products. Response: Malaysia's government said it will pursue talks with the US A Cabinet meeting is scheduled for Wednesday. South Korea: Key exports include vehicles, machinery, and electronics. Response: South Korea's Trade Ministry said early Tuesday that it will accelerate negotiations with the United States to achieve a deal before the 25% tax on its exports goes into effect. Tunisia: Key exports include animal and vegetable fats, clothing, fruit and nuts. Read more here. While the 90 deals in 90 days hasn't materialized, the 14 letters sent out Monday detailing new tariff rates — and additional ones expected today — offer a new jolt to trade talks. And over the next week, the European Union and India will be in particular focus as the Trump administration makes progress on deals. Yahoo Finance's Ben Werschkul reports: Read more here. US imports of contanerized goods from China fell 28.3% in June versus the same period last year, after higher tariffs on goods extended a steep drop that began in May, according to supply chain technology provider Descartes. Reuters reports: Read more here. President Trump posted on Truth Social that the US will begin collecting tariff revenue for the "letter" tariffs beginning on Aug. 1. He also stressed that he will not grant any tariff pause extensions after that date. "As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025," Trump wrote. "There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!" Trump's social media post echoes his sentiment last Thursday, when he told reporters, "As far as I'm concerned, we're done." When asked if tariff rates could change again in the next month, Trump added, "I would say firm but not 100% firm." As my colleague Ben Werschkul pointed out, some market participants have taken the letters as a hawkish signal that at least some of these tariffs will remain in effect. Stocks edged lower in morning trading Tuesday as investors assessed whether Trump might dial back tariffs again. Read more here. Today marks the start of Amazon Prime Day (AMZN), a shopping event exclusively for Prime members, where they can access deals on a wide range of products. Amazon Prime Day typically lasts four days but tariff-related price worries have meant that Amazon may have to extend its annual sales event and start offering new membership perks to Gen Z shoppers. Prime day, which has been running for 11 years, promises a flurry of summer deals and starts at 3:01 ET. Amazon has said that it will have deals dropping every 5 minutes during certain periods over the next few days. But reports have said that some Amazon retailers will be sitting this years event out due to President Trump's tariffs. 'Prime Day will provide an early indication on consumer appetite, especially in categories like apparel, electronics and TVs, where price drops are expected to be the deepest,' said Vivek Pandya, lead analyst at Adobe Inc., which expects Amazon and other US retailers to generate $23.8 billion in online sales during the four-day event. Some hope the event will provide a glimpse into how much consumers are spending and what they are buying amid mixed signals around the US economy. 'Prime Day will be quite a test,' said Romain Fouache, the CEO of Akeneo, which sells software used by online merchants. The firm conducted a survey of 1,000 US shoppers showing that 1 in 4 respondents planned to skip Prime Day due to tariffs while 57% said they would more closely monitor prices. Read more here. Yahoo Finance's Washington Correspondent Ben Werschkul reports: Read more here. Trade tensions have dampened US small business confidence, which slipped in June due to firms citing that they had too much inventory. Reuters reports: Read more here. The executive director of the United Nations trade agency said Tuesday that the Trump administration's decision to extend the negotiating deadline for tariff rates is causing prolonged uncertainty and instability for countries. Reuters reports: Read more here. When President Trump and Japanese Premier Shigeru Ishiba first met in February, the pledge from Tokyo to the US of a $1 trillion investment appeared to help relations, with Trump citing their "fantastic relationship". However, in the months since, trade negotiations with the US have not gone as well, and Japan's efforts seemed to have backfired. Reuters reports: Read more here. India is panning to source 10% of its cooking gas imports from the US starting in 2026, according to people familiar with the matter. This latest news is part of a broader effort to boost energy purchases and narrow its trade gap with the US. Reuters reports: Read more here. Southeast Asia economies are preparing to step up trade negotiations with Washington after President Trump hit them with steep tariffs. Reuters reports: Read more here. Reuters reports: Read more here. Samsung Electronics ( reported a far worse than expected 56% plunge in second-quarter operating profits on Tuesday, citing weak AI chip sales. This has now deepened investor concerns over the tech giant's ability to revive its struggling semiconductor business. The world's biggest memory chipmaker blamed the profit miss on US restrictions on advanced AI chips for China. Reuters reports: Read more here. China has warned President Trump against restarting trade tensions. Beijing threatened retaliation against nations that strike supply chain deals with the US that sideline China. Washington and Beijing reached a trade framework last month in London with the aim of calming tensions, but now investors are watching closely to see if it will last. This warning from China follows Trump's recent wave of letters to global leaders, in which he threatened new tariffs similar to those he unveiled in April. Reuters reports: Read more here. The European Union is meeting to push through an outline of the trade deal currently being negotiated to avoid the brunt of Trump's tariffs past July 9 and into a further period of negotiation. Bloomberg reports: Read more here. President Trump just posted his latest batch of letters informing country leaders of the tariffs their goods' exports to the US will face. Per Yahoo Finance's Ben Werschkul, here's a look at the countries included in this batch — and how their newly announced rates compare to April's: Thailand: April: 36% Now: 36% Cambodia: April: 49% Now: 36% Serbia: April: 37% Now: 35% Bangladesh: April: 37% Now: 35% Indonesia: April: 32% Now: 32% Bosnia and Herzegovina: April: 35% Now: 30% Tunisia: April: 28% Now: 25% Yahoo Finance's Ben Werschkul writes: President Trump just posted additional letters revealing new tariff rates for five additional countries. The letters contain similar language and terms urging foreign companies to move production to the US and warning that any tariff increases will face retaliation. Per Trump, the US will impose tariffs on the following countries starting on Aug. 1: Myanmar: 40% (below the 44% set under the "Liberation Day" program) Laos: 40% (versus 48% previously) South Africa: 30% (versus 30% previously) Kazakhstan 25% (versus 27% previously) Malaysia: 25% (versus 24% previously) Approximately 12 countries will receive letters from President Trump today informing them of new tariff rates, White House press secretary Karoline Leavitt stated in a press briefing on Monday. The remaining countries will also receive letters in the coming days and weeks. Leavitt declined to say which countries will receive the letters today and said that all missives will be posted to Trump's Truth Social account. So far, the president has posted two letters addressed to the leaders of Japan and South Korea outlining 25% tariffs. President Trump will also sign an executive order delaying the July 9 deadline for all countries to Aug. 1 later today, Leavitt stated. The EU faces a tough challenge this week — either swallow higher tariffs to avoid a trade war with the US or retaliate to put pressure on the US to compromise. The FT reports: Read more here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
Stocks Mixed as Bond Yields Climb
The S&P 500 Index ($SPX) (SPY) today is down -0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.33%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.09%. September E-mini S&P futures (ESU25) are down -0.04%, and September E-mini Nasdaq futures (NQU25) are up +0.11%. Stocks are mixed today. Strength in chip makers has pushed the Nasdaq 100 into positive territory. Also, the rally in energy producers is supportive of the overall market. However, higher bond yields are weighing on the broader market as the 10-year T-note yield is up +5 bp at a 2-week high of 4.43%. Bond yields are climbing on the concern that higher tariffs could boost inflation and prevent the Fed from cutting interest rates. This Analyst Just Raised His Broadcom Stock Price Target by 70%. Should You Buy AVGO Now? Why Alibaba Stock Looks Like a Screaming Buy After Falling 27% From Its 2025 Highs 2 ETFs Offering Juicy Dividend Yields of 20% or Higher Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Stocks have some support today following Monday's retreat as recent tariff announcements suggested there is room for further negotiations. Late Monday, President Trump said he's still open to additional trade talks and that the August 1 deadline for higher tariff rates was 'not 100% firm,' adding, 'we're not going to be unfair' and would look favorably on countries continuing to offer additional concessions. Monday afternoon, President Trump announced plans to hike tariffs on several countries, including Japan, South Korea, Laos, South Africa, Myanmar, and Malaysia, with rates ranging from 25% to 40%, effective August 1. Another hurdle for stocks is the upcoming earnings season, which begins this week. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of +2.8% year-over-year, the smallest increase in two years. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research. This week's market focus will mainly be on new tariff and trade deal news ahead of Wednesday's deadline. On Wednesday, the minutes of the June 17-18 FOMC meeting will be released. On Thursday, weekly initial unemployment claims will be released. Also, on Thursday, St. Louis Fed President Musalem and San Francisco Fed President Daly speak on the US economy and monetary policy. Federal funds futures prices are discounting the chances at 5% for a -25 bp rate cut at the July 29-30 FOMC meeting. Overseas stock markets today are higher. The Euro Stoxx 50 climbed to a 3-1/2 week high and is up +0.50%. China's Shanghai Composite rallied to an 8-month high and closed up +0.70%. Japan's Nikkei Stock 225 closed up +0.26%. Interest Rates September 10-year T-notes (ZNU25) today are down -6 ticks. The 10-year T-note yield is up +5.0 bp to 4.429%. Sep T-notes fell to a 2-week low today, and the 10-year T-note yield climbed to a 2-week high of 4.433%. T-note prices are being undercut by Monday's announcement of US tariff increases on several countries, including Japan and South Korea, which fueled concerns that the higher tariffs could boost inflation and prevent the Fed from cutting interest rates. T-note prices are also being undercut by rising inflation expectations, as the 10-year breakeven inflation expectations rate today rose to a 6-week high of 2.378%. Supply pressures are also negative for T-notes as the Treasury will auction $119 billion of T-notes and T-bonds this week, beginning with today's $58 billion auction of 3-year T-notes. T-note prices are also being undercut by today's weakness in European government bond prices. European government bond yields today are moving higher. The 10-year German bund yield climbed to a 1-month high of 2.707% and is up +4.2 bp to 2.685%. The 10-year UK gilt yield rose to a 1-month high of 4.654% and is up +5.9 bp to 4.645%. German trade news was weaker than expected after May exports fell -1.4% m/m, weaker than expectations of -0.5% m/m. Also, May imports fell -3.8% m/m, weaker than expectations of -1.7% m/m and the biggest decline in a year. Swaps are discounting the chances at 5% for a -25 bp rate cut by the ECB at the July 24 policy meeting. US Stock Movers Chip stocks are climbing today to give underlying support to the broader market. Intel (INTC) is up more than +5% to lead gainers in the Nasdaq 100. Also, GlobalFoundries (GFS) is up more than +5% and ON Semiconductor Corp (ON) is up more than +4%. In addition, Microchip Technology (MCHP) and Micron Technology (MU) are up more than +3%, and Advanced Micro Devices (AMD), NXP Semiconductors NV (NXPI), Analog Devices (ADI), and Marvell Technology (MRVL) are up more than +2%. Energy stocks and energy service providers are moving higher today to boost the overall market. Haliburton (HAL) and APA Corp (APA) are up more than +5% and Occidental Petroleum (OXY) is up more than +4%. Also, Schlumberger (SLB), Diamondback Energy (FANG), Hess Corp (HES), and ConocoPhillips (COP) are up more than +3%. In addition, Baker Hughes (BKR), Exxon Mobil (XOM), Valero Energy (VLO), and Phillips 66 (PSX) are up more than +2%. Finally, Chevron (CVX) is up more than +2% to lead gainers in the Dow Jones Industrials. Chemical-making companies are rallying today after the US Environmental Protection Agency withdrew new use rules for 18 chemicals. As a result, Chemours Co (CC) is up more than +11% and Albemarle (ALB) is up more than +9%. Also, Dow Inc. (DOW) is up more than +7% and LyondellBasell Industries NV (LYB) is up more than +5%. Stanley Black & Decker (SWK) is up more than +4% after Wolfe Research upgraded the stock to peer perform from underperform. Merit Medical Systems (MMSI) is up more than +4% after reporting preliminary Q2 revenue of $380 million to $384 million, stronger than the consensus of $372.3 million. Parsons Corp (PSN) is up more than +1% after Raymond James upgraded the stock to strong buy from market perform with a price target of $90. Datadog (DDOG) is down more than -4% to lead losers in the Nasdaq 100 after Guggenheim Securities downgraded the stock to sell from neutral with a price target of $105. JPMorgan Chase (JPM) is down more than -3% to lead losers in the Dow Jones Industrials after HSBC downgraded the stock to reduce from hold. Circle Internet Group (CRCL) is down more than -2% after Mizuho Securities initiated coverage of the stock with a recommendation of sell and a price target of $85. Bank of America (BAC) is down more than -2% after HSBC downgraded the stock to hold from buy. Ciena (CIEN) is down more than -1% after Morgan Stanley downgraded the stock to underweight from equal weight with a price target of $70. Earnings Reports (7/8/2025) Aehr Test Systems (AEHR), Kura Sushi USA Inc (KRUS), Penguin Solutions Inc (PENG). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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