Early trade in Indian stocks is rising
Indian stocks saw an uptick in early trading on Tuesday.
The Nifty 50 index rose by almost 0.1%, while the BSE Sensex increased by 0.2% as of 9:45 AM IST (12:15 AM ET).
According to CNBC-TV18, government sources indicated that several important issues concerning agriculture and automobiles remain unresolved in the fifth round of trade talks between India and the US.
Further discussions are anticipated in the weeks ahead, as the two nations aim to outline interim trade agreements before August 1, when India will face a significant 26% tariff rate.
SoftBank shares skyrocket above 5.7%
Shares of SoftBank Group surged by 5.74% on Tuesday, marking a continuance of profits for the third consecutive session.
The Japanese investment firm reportedly intends to establish a small data center by year-end, with Ohio being the likely location, as per a report from The Wall Street Journal citing sources familiar with the issue.
This facility is part of a larger $500 billion initiative known as “Stargate” aimed at enhancing American AI infrastructure.
However, there are still disagreements among the involved companies over key partnership terms, particularly regarding the site’s location.
Singapore stocks break 11-session rally
The Straits Times Index in Singapore ended its winning streak of 11 sessions on Tuesday, trading in negative territory.
By 10:18 AM local time, the index had decreased by 0.19% to 4,199.11, with significant losses noted in finance, utilities, and technology sectors.
Wilmer International led the declines, falling by 0.99%, followed closely by Frasers Centrepoint Trust which dropped by 0.9% and Keppel, down by 0.69%.
China and Hong Kong stocks are growing in early trade
Stocks in China and Hong Kong started positively on Tuesday, following gains in other major Asia-Pacific markets.
As of 9:37 AM local time, the Hang Seng index had risen by 0.28%, while the mainland’s CSI 300 increased by 0.13%.
Japan’s Nikkei 225 rises in early trade
Japan’s stock market saw gains in early trading on Tuesday after reopening following a ruling party setback in the Senate elections over the weekend.
The Nikkei 225 index rose by 1.12%, reaching 40,254.18 at 9:17 AM local time, while the broader Topix index climbed 0.96% to 2,861.63.
South Korea’s trade and finance talks scheduled
South Korea’s new finance minister, Ku Yoon Che-Ol, along with trade minister Yo Han Ku, are set to hold discussions with US officials, including Treasury Secretary Scott Bescent and Trade Rep. Jamieson Greer, this Friday.
Officials from the foreign and industry ministries will also visit the US for trade negotiations as early as this week.
Asia Pacific market starts higher
The Asia-Pacific markets opened positively on Tuesday.
As of 8:10 AM Singapore time, Japan’s Nikkei 225 rose by 0.91%, with the wider Topix index increasing by 0.83%.
In South Korea, the Kospi index edged up by 0.1%, and the Kosdaq climbed by 0.7%. Meanwhile, Australia’s S&P/ASX 200 gained 0.54%.
This is the opening call for the day
Good morning from Singapore.
Investors are likely to pay attention to Japan’s markets which are reopening after national holidays following recent elections.
The Japanese yen strengthened against the US dollar on Monday after a period of weakness leading up to the elections.
US stock futures expected to rise early in Asia
“A small surprise can cause a sharp response,” strategist comments.
Despite existing trade and inflation risks, markets have remained relatively subdued. Strategists, however, anticipate that circumstances may change rapidly in the near future. Key events, including next week’s FOMC meeting and major tariff deadlines, could significantly impact the markets.
S&P 500, Nasdaq hit record-closing high
The S&P 500 and Nasdaq Composite closed on Monday at new record highs. The S&P 500 gained 0.14%, finishing at 6,305.60, while the Nasdaq advanced 0.38% to close at 20,974.17. In contrast, the Dow Jones industrial average dipped by 19.12 points (0.04%) to settle at 44,323.07.
