Asian Markets Overview
Asian markets moved in a mixed fashion on Thursday, under pressure after Donald Trump's statements about the unilateral imposition of tariffs by July 9. Escalating tensions between the U.S. and Iran also heightened risk aversion, boosting gold to $3,370/oz.
Japan – Nikkei 225 -0.61%
Pullback after a four-day rally, dampened by the yen strengthening to 144/USD and deteriorating business sentiment due to trade uncertainties with the U.S.
Stocks on the move: SoftBank -1.2%, Toyota -0.9%, Fast Retailing -1.4%
China – Shanghai Composite +0.07%
Slight gain after positive signals of a trade agreement with Washington, though Beijing has not officially confirmed the progress announced by Trump.
Impacted sectors: Technology stable, Real estate slightly down, Financials resilient
Hong Kong – Hang Seng -0.43%
Consolidation after a three-month high, with profit-taking in tech stocks. Geopolitical tensions are also weighing.
Leading stocks: Tencent -1.1%, Alibaba -0.8%, Meituan -1.3%
India – Sensex -0.18%
Slight drop, affected by investor caution ahead of U.S. inflation data and rising external tensions.
Stocks to watch: HDFC Bank -0.6%, Reliance +0.2%, Infosys -0.4%
Why is this important?
Rising nervousness around U.S. trade policies and Middle East tensions is causing volatility that could spread to Western markets. Caution prevails ahead of the U.S. inflation numbers, a key indicator for rate trajectory.
US After-Market Overview
U.S. markets saw several significant moves after the close, amidst high volatility linked to Trump’s trade announcements.
Perpetua Resources ($PPTA) -11.28% → Announcement of $300M funding via public offering
Hycroft Mining ($HYMC) -15.44% → Launch of a $40M fundraising round
Dana Inc ($DAN) +4.80% → Sale of its "off-highway" division to Allison Transmission for $2.7B
Stem Inc ($STEM) -18.91% → Announces 1-for-20 reverse split
GameStop ($GME) -11.24% → Private offering of $1.75B in convertible notes
Intensity Therapeutics ($INTS) -22.97% → Launch of public fundraising
Cloudflare ($NET) -2.37% → Plans $1.75B convertible notes issue
McDonald's ($MCD) -0.01% → Ends 7-session losing streak
US Pre-Market Futures
Dow Futures: -0.29%
S&P 500 Futures: -0.23%
Nasdaq 100 Futures: -0.27%
Conclusion
Geopolitical uncertainty and protectionist risks are resurging sharply, triggering a return of volatility. Markets are watching the US PPI release to anticipate the Fed's next move.
To watch: cyclical sectors, commodities, high-valuation stocks.
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Have a good session, everyone
Sylvain Mouilhaud : Stock Coach
