logo
Global markets today: Nikkei 225, Kospi rise after Wall Street benchmarks hit record high

Global markets today: Nikkei 225, Kospi rise after Wall Street benchmarks hit record high

Mint4 days ago
Global markets today: Asia-Pacific markets climbed on Tuesday, tracking overnight gains on Wall Street where major indexes reached record highs, as investors evaluated strong corporate earnings despite ongoing tariff concerns.
Japan's markets opened higher on Tuesday following a weekend where the ruling party lost its upper house majority. In early trading, the Nikkei 225 climbed 1.12 per cent to reach 40,254.18 at 9:17 a.m. local time (8:17 p.m. ET Monday), while the broader Topix index rose 0.96 per cent to 2,861.63.
In South Korea, the Kospi edged higher by 0.1 per cent, and the tech-heavy Kosdaq gained 0.7 per cent. Meanwhile, Australia's S&P/ASX 200 index advanced 0.54 per cent.
The S&P 500 and Nasdaq closed at record highs on Monday, driven by gains in Alphabet and other major tech stocks, as investors looked ahead to upcoming earnings reports and hoped that trade agreements might offset the economic impact of global tariffs imposed by the Trump administration.
The S&P 500 rose 0.14 per cent to finish at 6,305.60, while the Nasdaq advanced 0.38 per cent to 20,974.18. In contrast, the Dow Jones Industrial Average slipped slightly, down 0.04 per cent to 44,323.07.
As the August 1 tariff deadline set by U.S. President Donald Trump nears, the S&P 500 has gained around 8 per cent so far this year, reflecting investor optimism that the economic impact of the tariffs will be milder than initially expected.
Investors concerned about the effects of tariff uncertainty on the U.S. economy will closely examine jobless claims data and the July business activity report, both due on Thursday.
Additionally, investors will also closely track Federal Reserve Chair Jerome Powell's speech on Tuesday for insights into the potential timing of interest rate cuts, particularly following last week's mixed inflation indicators.
(With inputs from agencies)
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EU, US close to trade agreement as Trump, von der Leyen set for Scotland talks
EU, US close to trade agreement as Trump, von der Leyen set for Scotland talks

First Post

time16 minutes ago

  • First Post

EU, US close to trade agreement as Trump, von der Leyen set for Scotland talks

European Commission President Ursula von der Leyen will meet US President Donald Trump in Scotland on Sunday, as the EU and US edge closer to sealing a key trade agreement. The deal could impose a 15% tax on EU imports and 50% duties on steel and aluminium. read more European Commission President Ursula von der Leyen will meet with US President Donald Trump in Scotland on Sunday, after EU officials and diplomats indicated they expected to clinch a basic trade agreement this weekend. The deal would most likely contain a 15% baseline tax on all EU products entering the United States, as well as a 50% duty on European steel and aluminium, according to officials and diplomats. 'Following a good call with @POTUS, we have agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong,' von der Leyen said in a post on X. STORY CONTINUES BELOW THIS AD Following a good call with @POTUS, we have agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong. — Ursula von der Leyen (@vonderleyen) July 25, 2025 Trump on Friday said there was a 50-50 chance or perhaps less that the US would reach a trade agreement with the European Union, adding that Brussels wanted to 'make a deal very badly'. 'We are close to an agreement and it is possible we will reach it during the weekend,' one senior EU official said. Trump will visit his golf courses in Scotland and meet British Prime Minister Keir Starmer on Monday. European luxury and auto shares - two of the sectors most exposed to tariffs along with wine and spirits - rose, with LVMH and Europe's largest car manufacturer Volkswagen closing up around 4% and 3%, respectively, the biggest gainers. Combining goods, services and investment, the EU and the United States are each other's largest trading partners by far. The American Chamber of Commerce in Brussels warned in March that any conflict jeopardised $9.5 trillion of business in the world's most important commercial relationship. STORY CONTINUES BELOW THIS AD The EU is facing US tariffs on more than 70% of its exports - 50% on steel and aluminium, 25% on cars and car parts and a 10% levy on most other goods, which US President Donald Trump has said he would hike to 30% on August 1, a level EU officials said would wipe out whole chunks of transatlantic commerce. Further tariffs on copper and pharmaceuticals are also looming. The EU has prepared countermeasures that could enter into force on August 7 in the event that talks collapse. Even if the EU agrees a 15% tariff, avoiding the threat of an even higher one, French car parts supplier OpMobility said it was concerned that the bloc as a whole seemed unable to negotiate better terms than its individual countries. 'In the short term, we can probably say that we've avoided the worst, but that does not mean that it's a good deal, at the end of the day it shows that the relationship is unbalanced,' CEO Laurent Favre said late on Thursday. STORY CONTINUES BELOW THIS AD Meanwhile, VW's chief executive Oliver Blume on Friday told investors the carmaker hoped investment commitments could help it win further concessions on US tariffs once Washington and the EU had struck a broad trade deal.

NSDL IPO: Price band of Rs 760–800 takes investors by surprise; over 20% below unlisted market peak
NSDL IPO: Price band of Rs 760–800 takes investors by surprise; over 20% below unlisted market peak

Time of India

timean hour ago

  • Time of India

NSDL IPO: Price band of Rs 760–800 takes investors by surprise; over 20% below unlisted market peak

NSDL IPO: For its upcoming Initial Public Offering (IPO), the National Securities Depository Limited (NSDL) has set a price band of Rs 760–800 per share. The precise band has taken investors by surprise since its at around a 22% discount from its last traded value in the unlisted market. Earlier this month, the stock was around Rs 1,025 in the unlisted market. An ET report quoted UnlistedZone data stating that the NSDL stock had peaked at Rs 1,275 in June 2025. The Rs 4,011.6 crore issue, which opens for subscription on July 30 and closes on August 1, will be entirely an offer for sale (OFS) of up to 5.01 crore shares. Anchor bidding is scheduled for July 29. Existing shareholders including IDBI Bank, NSE, Union Bank of India, SBI, HDFC Bank, and SUUTI will offload their stakes through the IPO. IDBI Bank is selling 2.22 crore shares and NSE is offering 1.8 crore shares. NSDL is targeting a valuation of approximately Rs 16,000 crore through the IPO. Retail investors will need to invest Rs 14,400 for one lot comprising 18 shares. The company had earlier filed its draft red herring prospectus (DRHP) in July 2023 and revised the issue size to 5.01 crore shares from 5.72 crore shares in May 2025. According to the ET report, the steep discount to its unlisted market price has drawn parallels with the recent HDB Financial Services' IPO. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo That was priced at Rs 700–740 per share—about 40% lower than its unlisted market price of Rs 1,225! HDB Financial listed at Rs 835 per share on July 2, delivering a 12.8% listing gain over the issue price. But those who had bought HDB shares in the unlisted market saw losses. NSDL shares are currently trading at a grey market premium (GMP) of Rs 145–155, indicating a possible listing gain of around 18% over the upper price band, the report said.. The IPO values NSDL at a price-to-earnings (P/E) ratio of 46.6, compared to listed peer CDSL, which trades at a P/E of 66.6. For Q3 FY25, NSDL reported a consolidated net profit of Rs 85.8 crore, up 29.8% year-on-year, while total income rose 16.2% to Rs 391.2 crore. The allotment of shares is expected on August 4, with a likely listing on August 6. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

US stocks rise on US-EU trade deal prospects; Intel falls
US stocks rise on US-EU trade deal prospects; Intel falls

Economic Times

timean hour ago

  • Economic Times

US stocks rise on US-EU trade deal prospects; Intel falls

Wall Street's main indexes were higher on Friday after EU officials signaled that a framework trade deal with the U.S. could be signed as soon as this weekend, while Intel tumbled following a disappointing forecast. ADVERTISEMENT At 11:36 a.m. the Dow Jones Industrial Average rose 71.91 points, or 0.15%, to 44,762.88, creeping up to the record high it had touched on December 4. The S&P 500 gained 15.65 points, or 0.24%, to 6,378.89, and the Nasdaq Composite gained 51.29 points, or 0.25%, to 21,110.19. Intel dropped 9% after the chipmaker forecast steeper third-quarter losses than expected and announced plans to slash jobs. Deckers Outdoor soared 18% after beating first-quarter revenue and profit estimates on resilient demand for its sneakers and boots in international diplomats said the proposed agreement would set a 15% baseline tariff on EU goods entering the U.S. and a 50% levy on European steel and aluminum. President Donald Trump said earlier in the day the odds of a U.S.-EU trade deal were "50-50".Negotiations with South Korea, too, accelerated as countries scrambled to sidestep Trump's steep import duties. ADVERTISEMENT "It's another notch in the gun where trade victories seem to be a driving force right now," said Sam Stovall, chief investment strategist at CFRA Research."Wall Street's being rewarded for its belief that these are negotiating tactics rather than realities. And until that changes, investors will continue to be encouraged by additional agreements." ADVERTISEMENT The flurry of trade progress including fresh agreements with Japan, Indonesia and the Philippines helped set the three major indexes on track for a strong finish to the week, if gains the week also saw some setbacks. Heavyweights Tesla and General Motors stumbled and were on track for their steepest weekly losses in nearly two months if the declines continue. ADVERTISEMENT Tesla CEO Elon Musk warned of tougher quarters ahead amid shrinking U.S. EV subsidies, while General Motors took a hit after absorbing a $1.1-billion blow in its second-quarter earnings from Trump's focus turns to the U.S. Federal Reserve meeting next week, with Wall Street widely expecting the central bank to hold interest rates steady as it weighs the impact of the tariffs on inflation. ADVERTISEMENT Trump stepped up his campaign for borrowing costs to be lowered after a rare visit to Fed headquarters on Thursday. Often a vocal critic of Fed Chair Jerome Powell, he claimed on Friday that their meeting had gone well and hinted that Powell might be warming to the idea of rate now see about 64% chance of a rate cut in September, according to CME's FedWatch other stocks, Health insurer Centene posted a surprise quarterly loss, but its shares gained 6.6%.Paramount Global rose 1.3% after U.S. regulators approved its $8.4-billion merger with Skydance issues outnumbered advancers by a 1.12-to-1 ratio on the NYSE and by a 1.43-to-1 ratio on the Nasdaq. The S&P 500 posted 33 new 52-week highs and six new lows, while the Nasdaq Composite recorded 44 new highs and 42 new lows. (You can now subscribe to our ETMarkets WhatsApp channel)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store