Asian Session Summary: August 5, 2025
Japan – Nikkei 225 +0.69%
The market rebounded, supported by Wall Street's recovery and bargain buying. Improved services PMI (53.6) and expectations of a minimum wage hike boosted confidence. The yen remained stable around 147 and open BoJ minutes hinting at a possible rate hike also played a role.
China – Shanghai Composite +0.75%
Chinese markets advanced thanks to better-than-expected services PMIs (Caixin at 52.6) and a firmer yuan fix by the PBoC. However, investors remain cautious ahead of trade and inflation data amid concerns over domestic demand.
Hong Kong – Hang Seng +0.54%
Moderate rebound in Hong Kong, driven by buybacks after the previous day's decline. The local PMI (49.2) improved but remains in contraction. Tech stocks rebounded, helped by overall market optimism.
India – Sensex -0.45%
The Sensex fell, weighed down by technology, financial, and healthcare stocks. Despite a solid services PMI at 60.5, diplomatic tensions with the US and EU over Russian oil imports are taking a toll. Markets are closely watching the RBI's decision on Wednesday.
Session Overview
The Asian session was generally positive, driven by Wall Street’s rebound and encouraging PMIs in several countries. China and Japan benefited from strong macro indicators, while India suffered from external pressures. Markets remain sensitive to upcoming monetary policy decisions, particularly in the US and India.
US After Market Update
Palantir ($PLTR) +4.57% → 2025 target raised to $4.15B thanks to 85% growth in the U.S. commercial sector and a record Q2.
Tactile Systems ($TCMD) +16.28% → Results beat expectations: EPS $0.14 (+$0.03) and revenue $78.9M (+$4.97M).
Ardelyx ($ARDX) +12.53% → Market welcomed the appointment of Edward Conner as Chief Medical Officer.
ThredUp ($TDUP) +13.33% → Strong results, revenue $77.7M (+$3.94M) and reduced losses.
HealthStream ($HSTM) +4.44% → EPS of $0.18 (+$0.02), revenue aligned at $74.4M.
Great Elm Capital ($GECC) +5.58% → Positive Q2 results, good momentum on assets.
PG&E ($PCG) -0.20% → Stock remained stable after two days of strong gains following the commitment not to raise additional capital.
Hims & Hers ($HIMS) -13.48% → Ambitious 2025 target at $2.4B, but short-term outlook disappoints despite international expansion.
MercadoLibre ($MELI) -5.79% → Credit portfolio exceeds $9.3B, but caution on guidance slows momentum.
Kyndryl ($KD) -13.11% → Disappointing Q1 with revenues below expectations.
Andersons ($ANDE) -6.67% → Ethanol JV buyout with Marathon for $425M raises short-term concerns among investors.
US pre-market futures
Dow Futures: +0.17%
S&P 500 Futures: +0.22%
Nasdaq 100 Futures: +0.27%
Sign up to receive our daily pre-market summary and never miss an opportunity!
Have a great session everyone
Sylvain Mouilhaud: Equity Coach