Asian Session Summary: August 8, 2025
Asian Session Summary: August 8, 2025
Japan – Nikkei 225 +2.28%
Strong advance thanks to the trade agreement with Washington reducing tariffs, especially on automobiles (27.5% → 15%). The Topix hit a historic high, supported by the rise in export stocks. The BoJ minutes showed divisions over the timing of rate hikes, but a more optimistic tone regarding the economy.
China – Shanghai Composite +0.07%
Markets awaited July inflation figures, which limited position-taking. S&P Global’s confirmation of the A+ sovereign rating brought slight support, but investors remained cautious.
Hong Kong – Hang Seng -0.80%
Pullback after four sessions of gains, impacted by caution ahead of Chinese CPI/PPI data and a drop in foreign reserves to a 3-month low, signaling interventions on the FX market.
India – Sensex -0.21%
Pressure after the announcement of new U.S. tariffs on Indian products (total raised to 50%) due to Russian oil imports. Upcoming trade talks with Washington added uncertainty.
Session Wrap-Up
Asian markets showed mixed movements: Tokyo benefited from significant tariff relief, while caution prevailed elsewhere ahead of Chinese macro data and renewed U.S. trade tensions. This configuration maintains global volatility, but the Japanese rebound could support sentiment in Europe and the U.S.
U.S. After-Market Update
Expedia ($EXPE) +17.26% → Quarterly results beat expectations and full-year guidance was raised.
Take-Two Interactive ($TTWO) +4.64% → Earnings and revenue above estimates, with upgraded outlook.
Stem ($STEM) +10.04% → Loss smaller than anticipated and revenue exceeded forecasts.
SoundHound AI ($SOUN) +13% → 2025 outlook raised thanks to momentum in voice commerce.
Trade Desk ($TTD) -30% → Outlook deemed disappointing and departure of long-serving CFO.
Health Catalyst ($HCAT) -10.84% → Announcement of CEO departure creating strategic uncertainty.
Graphjet Technology ($GTI) -13.40% → 1-for-60 share consolidation poorly received by the market.
U.S. Futures Pre-Market
Dow Futures: +0.18%
S&P 500 Futures: +0.23%
Nasdaq 100 Futures: +0.21%
Have a great session, everyone
Sylvain Mouilhaud: Equity Coach