logo
Asian Stock Markets Update: Nikkei up 0.53%, Hang Seng down 0.25%, KOSPI down 0.11% amid BoJ decision

Asian Stock Markets Update: Nikkei up 0.53%, Hang Seng down 0.25%, KOSPI down 0.11% amid BoJ decision

Business Upturn4 days ago

By Aditya Bhagchandani Published on June 17, 2025, 10:56 IST
Major Asia-Pacific stock indexes traded largely in the red on Tuesday morning, as investors reacted to the Bank of Japan's (BoJ) decision to hold interest rates steady at 0.5%. The cautious market sentiment was further dampened by reports that the European Union has cancelled its planned economic summit with China for this year, according to the Financial Times.
At 10:55 AM IST, Japan's Nikkei 225 bucked the regional trend, rising 0.53% or 202.7 points. Taiwan's index also posted gains of 0.43%, while Singapore's STI rose 0.39%. Other indexes ended mixed.
Major Index Movements (as of 10:55 AM IST): Nikkei 225: 38,514.03 ▲ +202.7 (+0.53%)
Hang Seng (HSI): 24,001.15 ▼ -59.84 (-0.25%)
Shanghai Composite: 3,383.01 ▼ -5.72 (-0.17%)
Shenzhen Composite: 10,151.33 ▼ -12.22 (-0.12%)
Kospi: 2,943.35 ▼ -3.31 (-0.11%)
ASX 200: 8,532.3 ▼ -16.1 (-0.19%)
Nifty 50: 24,904 ▼ -42.5 (-0.17%)
While some tech-heavy and export-focused markets showed resilience, the broader regional outlook remains cautious amid global geopolitical and trade uncertainties.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Wall Street's Leading Stories of 1H25 and Outlook for 2H
Wall Street's Leading Stories of 1H25 and Outlook for 2H

Yahoo

time2 hours ago

  • Yahoo

Wall Street's Leading Stories of 1H25 and Outlook for 2H

The first half of 2025 has been defined by heightened volatility and uncertainty, largely stemming from the new administration's trade policies. After hitting a low in early April, Wall Street staged a strong rebound fueled by renewed optimism over trade negotiations, solid corporate earnings, easing inflation and continued momentum in artificial stocks led the charge, with the Magnificent Seven making a powerful comeback after months of the half-year mark approaches, the S&P 500 is now less than 3% below its record high, while the Nasdaq Composite is 3.4% off its all-time peak. The Dow Jones Industrial Average, however, remains only marginally positive for the year. Volatility is expected to persist in the second discuss these events in detail below with the stocks: On April 2, Donald Trump announced sweeping new tariffs dubbed 'Liberation Day' tariffs. These included a 10% baseline tariff on nearly all imports, with a few exceptions such as pharmaceuticals, semiconductors, and lumber. On top of the baseline, Trump introduced 'reciprocal' tariffs that targeted specific countries. China faced tariffs ranging from 34% to 54%, the European Union 20%, Japan 24% and Vietnam up to 46%. These tariffs officially took effect on April backlash and international criticism, the Trump administration issued a 90-day pause on tariff hikes for over 75 countries on May 12, though the 10% baseline tariff remained in place. Additionally, Chinese tariffs were reduced from a peak of 145% to around 30%, though they remained substantially elevated. On May 30, Trump doubled tariffs on imported steel, raising them from 25% to 50%, citing national security concerns and the need to protect U.S. actions faced legal scrutiny. On May 28, the U.S. Court of International Trade ruled that many of the tariffs were illegal under international trade law. However, the court also issued a stay, meaning the tariffs would remain in place pending tariff policies triggered an initial market rout, with trillions lost in just days. However, the partial pause in tariffs and the Fed's decision to hold interest rates steady led to a strong rebound. Some sectors emerged as clear winners. Companies like Palantir Technologies PLTR surged more than 90% since the April sell-off and recently hit a new all-time high. The stock saw a solid earnings estimate revision of 3 cents over the past 60 days for this year and has an estimated growth of 41.46%. Palantir Technologies has a Zacks Rank #3 (Hold) and a Growth Score of A. The S&P 500 hit a record high on Feb. 19 before tumbling toward bear market territory by April 8. However, the index staged a remarkable rebound, marking its fastest recovery since 1982. In May, it delivered the strongest performance since 1990 and the biggest monthly gain since November by this turnaround, a growing number of Wall Street strategists have turned bullish in recent weeks. Several firms have raised their year-end S&P 500 targets to the 6,300–6,500 range, reflecting renewed confidence in the market's outlook for the second half of NEM, having a Zacks Rank #1 (Strong Buy), is one of the best-performing stocks of the first half. The stock saw a positive earnings estimate revision of 5 cents for this year over the past month, with an estimated growth rate of 20.1%. Newmont has a VGM Score of A, indicating that it is poised for more gains ahead. You can see the complete list of today's Zacks #1 Rank stocks here. The race for the title of the world's most valuable publicly traded company has intensified in 2025, with NVIDIA NVDA and Microsoft MSFT locked in a high-stakes battle for market cap supremacy. Fueled by the explosive growth of artificial intelligence, the rivalry has captured Wall Street's full attention and is reshaping the tech landscape in real of June 18, Microsoft held a slight lead with a market capitalization exceeding $3.57 trillion. Its ascent was driven by robust cloud expansion, deepening AI integrations through its partnership with OpenAI, and continued dominance in the enterprise software space. NVIDIA, meanwhile, is capitalizing on an unprecedented demand cycle for its AI chips, rapidly scaling sales of its GPUs that power the very heart of AI computing. Since bottoming at just over $94 in early April, NVDA stock has added more than $1 trillion in market value. Growth-focused traders are flocking to NVIDIA for its unprecedented AI chip momentum, high margins and dominant position in next-gen essence, NVIDIA may be building the engine of the AI revolution, but Microsoft is constructing the operating system around it. Azure continues to be one of the fastest-growing cloud platforms globally, while Microsoft 365 and Teams have become indispensable tools in the modern digital workplace. Microsoft and NVIDIA have a Zacks Rank #3 (Hold) each. Gold stocks have surged in popularity this year, driven by a flight to safety amid growing global uncertainty. Investors are turning to the precious metal to shield their portfolios from the disruptive impact of Trump's tariffs on global trade and rising concerns of an economic slowdown. Gold recently soared to a new all-time high, topping $3,400 per ounce last tensions in the Middle East—particularly the Israel-Iran conflict—have intensified safe-haven demand, pushing both gold prices and gold-related equities higher. Additionally, a weaker U.S. dollar and continued central bank accumulation have further fueled gold's rally. Goldman Sachs forecasts that gold could climb to $3,700 per ounce by the end of 2025, reinforcing the bullish outlook for the metal and gold the potential beneficiaries is AngloGold Ashanti PLC AU, a global gold mining company with operations across Africa, the Americas and Australia. The company has seen a solid earnings estimate revision of 60 cents over the past 30 days for this year, with an estimated growth of 122.1%. Despite more than doubling year to date, AngloGold remains attractively valued, trading at a P/E ratio of 9.80 compared with the industry average of 3.26. The stock sports a Zacks Rank #1 and has a VGM Score of A, underscoring its compelling investment potential amid the ongoing gold rally. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report AngloGold Ashanti PLC (AU) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Tesla (NasdaqGS:TSLA) Expands Into Indian Market With First Showrooms Opening In July
Tesla (NasdaqGS:TSLA) Expands Into Indian Market With First Showrooms Opening In July

Yahoo

time3 hours ago

  • Yahoo

Tesla (NasdaqGS:TSLA) Expands Into Indian Market With First Showrooms Opening In July

Tesla marked a significant milestone with a 29% increase in its share price over the last quarter, aligning with broader market trends despite facing challenges. The announcement of opening its first showrooms in India represents a substantial step into a key market, potentially boosting investor sentiment. Meanwhile, the resignation of a key executive and the inclusion of a new board member might have created mixed reactions, though these were countered by expanded market opportunities like Tesla's Supercharger accessibility for Kia EV owners. Amidst geopolitical tensions influencing oil prices, Tesla's strategic moves seem to have positively reinforced its quarterly performance. We've discovered 2 warning signs for Tesla that you should be aware of before investing here. Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. The recent developments at Tesla hold promising implications for its strategic vision and broader market appeal. The significant strides into the Indian market, coupled with enhanced Supercharger opportunities, are poised to elevate revenue streams by expanding Tesla's global footprint. Over the last five years, the company's total shareholder return exceeded 403%, underscoring its capacity to capitalize on emerging opportunities and engage investor confidence. In the shorter term, Tesla's shares surpassed the US market return of 10.4% and the US Auto industry's 61.9% over the past year, although its high volatility suggests mixed investor sentiment. Recent executive changes and new board appointments, while initially may have unsettled sentiment, could potentially drive the company's strategic advancements by bringing fresh perspectives to leadership. The anticipated influence of Tesla's ventures like the robotaxi, Cybercab, and Optimus humanoid robots aims to open new revenue channels that may positively affect earnings forecasts, potentially contributing to an expected annual earnings growth of 27.5% over the next three years. The short-term 29% share price increase reflects investor optimism, though the current price of US$275.35 is just 4.9% shy of the analyst consensus price target of US$289.44, indicating a perceived fair valuation based on projected earnings and profit margins. Explore Tesla's analyst forecasts in our growth report. 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 NasdaqGS:TSLA. 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@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Lexus unveils plans for new model with incredible features: 'It's a big deal'
Lexus unveils plans for new model with incredible features: 'It's a big deal'

Yahoo

time3 hours ago

  • Yahoo

Lexus unveils plans for new model with incredible features: 'It's a big deal'

Lexus is going electric with its new luxury sedan. At the Shanghai auto show, the Japanese automaker revealed its plans for the 2026 Lexus ES, according to a report by InsideEVs. The 2026 Lexus ES will offer both a fully electric and hybrid model in the U.S., and according to InsideEVs, "it's a big deal." However, what makes this announcement especially exciting is the sedan's competitive range. The fully electric model "targets an Environmental Protection Agency-rated range of 300 miles," notes InsideEVs, "which is impressive." Another important feature of Lexus' new ES is its charging port. As the electric vehicle industry transitions to the Tesla-style charging port, the new ES will have that port, known as the North American Charging Standard. As a result, Lexus ES drivers will be able to take advantage of adapter-free charging at thousands of Tesla Supercharger stalls. In terms of charging statistics, Lexus announced it takes 30 minutes for the ES to go from 10% to 80% charged when utilizing a sufficiently powerful DC fast charger. While other EVs offer better charging turnaround times, InsideEVs noted that it's still "solid" for drivers. Switching to an EV is a great way to save money on both car maintenance and gas. In fact, you'll save $1,500 a year on gas and maintenance. Plus, some EV models qualify for a $7,500 tax credit. You'll also be making an environmental difference by driving an EV. Although the manufacturing of electric vehicles does require digging up minerals for battery production, that amount of mining is nowhere near the billions of dirty energy dug up each year. When compared to gas-powered vehicles, EVs have a much lower carbon footprint. A study from the Massachusetts Institute of Technology found that cars with internal combustion engines create an average of 350 grams of carbon air pollution per mile driven over their lifetimes. On the other hand, this value was only 200 for EVs that operate on batteries charging on the average U.S. power grid. To maximize your savings further, consider installing solar panels in your home after going electric. With solar panels, you can greatly reduce your charging costs while also decreasing your home's environmental footprint. To learn more about different solar options and quotes, check out EnergySage's free resources and save up to $10,000 on installations. Palmetto's LightReach solar panel leasing program will also install panels on your home for no down payment, allowing you to benefit from solar even if you cannot afford the upfront costs. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.

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