Singapore stocks reach their all-time highs in their seventh straight session
The Straits Times Index of Singapore has achieved an impressive milestone, marking a new high of 4,128.18 early in the session, extending its winning streak to seven consecutive sessions.
By 2:51 PM local time, the index rose by 0.38%, reaching 4,124.71. This increase is largely attributed to positive performances in the industry, consumer discretionary sectors, and utilities.
Among the leading stocks were Jardine Matheson Holdings, which saw an increase of 3.65%, followed closely by Soil’s 3.53% rise and Seatrium Limited climbing 2.83%.
China’s economy is set to slow with real estate slump and permanent deflation: Morgan Stanley
Morgan Stanley’s chief Asian economist, Chetan Aya, highlighted ongoing difficulties in China’s property sector, citing it as a main contributor to persistent deflationary issues. In an interview, he expressed concern that China’s GDP growth may slow in the latter half of 2025, following trade tensions exacerbated by US tariff policies.
Aya also noted that while China might see a temporary strengthening of its yuan, it is also facing deflation and increased tariffs compared to its trading partners. He pointed out that deflationary countries, like Japan, often resort to currency depreciation as a strategy to boost inflation and economic activity. However, he cautioned that excess capacity might exert additional pressure on exporters.
As real estate investment continues to slip, real estate stocks in China will decline
On Tuesday, Chinese real estate stocks showed volatility, reflecting a notable 10.7% drop in the first five months of the year, largely due to worsening real estate investment data, which fell 11.2% in the first half of 2025.
The Hang Seng Mainland Properties index dipped by 1.06% as of 1:10 PM local time, significantly impacted by declines in companies like China Vanke and CIFI Holdings Group, down 3.38% and 3.33% respectively.
Japanese government bond yields rise ahead of Senate elections
Japan’s 30-year government bond yield reached a record high of 3.191% after climbing 14.5 basis points ahead of the upcoming Senate elections on July 20th. The yield on 10-year bonds also increased nearly two basis points to 1.594%, marking its highest level since 2008.
Early trade in Indian stocks is rising
Indian shares recorded gains in early trading on Tuesday. The Nifty 50 benchmark rose by 0.17%, while the Sensex index increased by 0.21% by 9:40 AM Indian Standard Time.
CNBC Pro: Trump’s fresh tariffs have rekindled Gold rallies. Here’s how professionals can invest
Spot gold prices saw a rise on Tuesday, surpassing their three-week high. As of 10:55 AM, gold was valued at $3,348.80 per ounce, marking a 0.16% increase. Since the start of the year, gold prices have surged by about 28%, driven by geopolitical tensions and the uncertainty surrounding tariffs implemented by Trump.
Bitcoin falls after crossing the $120,000 threshold in previous session
After peaking at over $120,000 in the last session, Bitcoin experienced a downturn, trading at $118,301.70, reflecting a decline of 1.6% as of 10:51 AM.
China’s second quarter GDP rose 5.2%, raising market expectations
China’s economy showed slower growth in the second quarter, growing by 5.2% and slightly surpassing expectations amidst ongoing trade tensions. This indicates a decline from the 5.4% growth recorded in the first quarter.
China and Hong Kong stocks are growing in early trade
Stocks in China and Hong Kong began the trading day on a positive note amidst mixed performances in other Asia-Pacific markets, with the Hang Seng index gaining 1.12% and the CSI 300 adding 0.38% as of 9:49 AM local time.
Asia-Pacific markets are mixed
Markets in the Asia-Pacific region displayed a mixed performance. In Japan, the Nikkei 225 index remained stable while the broader Topix index rose by 0.32%. Conversely, Korea’s Kospi dropped by 0.31%, although the Kosdaq saw an increase of 0.26%. Australia’s S&P/ASX 200 benchmark also gained 0.66%.
This is the opening call for the day
Good morning from Singapore. Investors are expected to keep a close eye on various economic indicators from China, including growth rates and retail sales for June. Economists anticipate a growth rate of 5.4% for the second quarter. Futures for the Japanese Nikkei are indicating a stronger opening in various markets, including Hong Kong and Australia.
Inventory futures are almost unchanged
Stocks are slightly higher on Monday
The major stock averages finished Monday on a positive note, with the S&P 500 rising by 0.14% to close at 6,268.56. Meanwhile, the Nasdaq composite gained 0.27%, ending at 20,640.33, and the Dow Jones industrial average increased by 88.14 points, finishing at 44,459.65.
