Asian Session Summary: July 29, 2025
Japan – Nikkei 225 -1.02%
Third consecutive session of decline for the Nikkei, weighed down by the strong dollar and concerns over international trade tensions. The yen remains weak against the greenback (148.3), ahead of the highly anticipated Bank of Japan decision this week.
China – Shanghai Composite -0.02%
Indexes fell due to uncertainties surrounding trade negotiations with the United States in Stockholm. The offshore yuan stabilizes, while Beijing supports consumption with parenting subsidies and new local bond issuances.
Hong Kong – Hang Seng -1.00%
Widespread sectoral decline, driven by fears of a potential tariff escalation decided by the United States. The market erases yesterday’s gains, dragged down by global risk-off sentiment.
India – Sensex -0.22%
Indian indexes hit a two-month low due to foreign capital outflows, disappointing quarterly results, and stalled bilateral trade talks with Washington.
Session Recap
Asian markets opened the week under pressure, dominated by geopolitical uncertainties and upcoming monetary policy decisions (BoJ & Fed). Caution prevails, which could slow the short-term upward momentum of global markets.
US After Market Overview
Celestica ($CLS) +11.90% → Strong Q2 results, Q3 and 2025 guidance raised.
Cadence Design Systems ($CDNS) +6.81% → Good Q2 and upward revision of annual outlook.
TFI International ($TFII) +6.26% → Earnings beat expectations despite slightly lower revenue.
Waste Management ($WM) +0.36% → Earnings and revenue above consensus.
Exelixis ($EXEL) -12.68% → Disappointing report and pessimistic pipeline update.
Xperi ($XPER) -9.28% → Lowered 2025 guidance.
Bakkt ($BKKT) -27.78% → Poor preliminary forecasts and announced sale of loyalty business.
US Pre-market Futures
Dow Futures: +0.19%
S&P 500 Futures: +0.19%
Nasdaq 100 Futures: +0.26%
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Have a great session, everyone
Sylvain Mouilhaud: Stock Coach