Asian equities rose for the first time in four days as investors returned to chipmakers, driving a rebound in the sector after the recent selloff. Oil declined.
The MSCI Asia Pacific Index climbed 1.5%, with chip giants Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. the two biggest contributors. Benchmark gauges in South Korea and Taiwan both gained more than 2.5%. Japan’s Nikkei 225 Stock Average rose 1.7% after slipping into correction territory on Friday, as trading resumed following a long weekend. US equity-index futures reversed earlier losses, with contracts for the Nasdaq 100 Index rising as much as 0.5%. Earlier, a gauge of US chip stocks rebounded from last week’s selloff. Also supporting sentiment was a pullback in oil. Brent crude fell 0.6% to about $88.70 a barrel even as traders watched for disruptions to Saudi Arabian exports after Houthi rebels threatened to blockade an export route through the Red Sea. Worries that higher energy costs may boost inflation weighed on bonds Monday. Elevated oil prices and escalating Middle East tensions are giving investors another reason for caution, adding to the rotation out of chipmakers’ stocks after this year’s blistering rally. This week brings the first results from the US megacaps, and pressure is building for the companies to justify AI investments. Tesla Inc. and Alphabet Inc. kick off big tech’s reporting season Wednesday. Then, Microsoft Corp., Meta Platforms Inc., Apple Inc. and Amazon.com Inc. announce the following week. Investors will be looking to Alphabet’s earnings for updates on spending and semiconductors after a report said that the company is developing a server chip designed to optimize its Gemini artificial intelligence model. The semiconductor, called Frozen v2, may be deployed as soon as 2028, the Information reported Monday, citing unnamed people familiar with the matter. If the megacap companies keep spending aggressively and can show the revenue to back it up, the rotation out of tech is likely to run out of steam quickly, he said. Elsewhere, the Canadian dollar held steady after the Trump administration vowed to impose a fresh 50% tariff on some of the country’s goods. Treasuries held losses from Monday, while gold climbed 0.5% to trade around $4,025 an ounce. The pound held its declines from the previous session after UK’s new prime minister Andy Burnham named former Defense Secretary John Healey to be his Chancellor of the Exchequer in a surprise move. UK gilts fell Monday after Burnham unnerved investors over his approach to the country’s finances. The selloff pushed yields on longer-maturity bonds to their highest since late May after Burnham said he will seek “any flexibility” while following the government’s borrowing and spending rules. Tariff concerns resurfaced after the Trump administration vowed to impose a fresh levy on some Canadian goods, citing what it called unfair treatment of American alcohol, cars and dairy products, further inflaming trade tensions between the two neighbors. If Trump follows through with the levies, which are set to take effect in 30 days, the move would mark one of the most severe trade actions he’s taken against the US’s second-largest trading partner. Attention, however, remains firmly on the tech sector. For now, there’s little evidence that the latest escalation in the Middle East will weaken economic growth, enough to change the pro-risk stance, BlackRock Investment Institute strategists led by Jean Boivin wrote in a note. US After Hours PKE +8%, CCK +3% higher on earnings; CBRL +4.1% on strategic actions and improved profitability outlook; CALX -13.5%, ZION -1.9% and STLD -0.5% lower on earnings.
Nikkei +2.% Hang Seng -0.0% CSI +% Kospi +3.73% Shanghai +0.84 Shenzen +2.16%
Eur$ 1.1413 CNH 6.7677 CNY 6.7677 JPY 162.48 GBP 1.3437 CHF 0.8106 RUB 78.3125 TRY 47.1996 WTI$ 82.74 -0.59% Gold 4,046 +0.93% BTC 65,848 +0.32% ETH 1,925 +1.15%
S&P +0.36% Nasdaq +0.99% EuroStoxx -0.22% FTSE -0.56% Dax -0.19% SMI
Macro :
- *TRUMP SIGNS ORDER ON SECURING CRITICAL DEFENSE SUPPLY CHAINS
- Ukraine Unlocks $690m in IMF Funding After Reviews
- US Vows Fresh 50% Tariff on Canada as New Trade War Looms
- Goldman Sachs: Brent might rise above $120/bbl (v $90/bbl Q4 forecast) in FY26 Q4 if Hormuz remains disrupted - Renewed escalation risks in Middle East imply net upside risks to their $80/75 Brent/WTI FY26 Q4 forecast
- UK Government to Scrap Electricity VAT Starting October
Keep an eye on :
Keep an eye on :
- ACOMO NA : Acomo Buys Cublend to Expand Food Solutions Segment
- ALFA SS : Alfa Laval 2Q Adjusted Ebita Misses Estimates
- BABA US : Ant International: Raised another $1.2B in Series A from Ant Group, Alibaba and international investors - To boost cross-border payments, agentic commerce solutions for global businesses
- ALSN SW : Also 1H Ebitda Beats Estimates
- Aman Hotel : Aman Gets Backing for Luxury Hotels From New $500 Million Fund
- ANTO LN : Antofagasta Steps Up Storm Response Around Main Chile Mine
- BANB SW : Bachem to Invest Over CHF 500m to Build Sisslerfeld Plant
- BG AV : Bawag 2Q Pretax Profit Beats Estimates, Bawag 2Q Pretax Profit Beats Est.; Raises Risk-Cost Guidance
- BNOR NO : Norway’s Var Energi to Buy BlueNord in Cash-and-Stock Deal
- BOL SS : Boliden 2Q Revenue Misses Estimates
- BOSN SW : Bossard 1H Ebit Beats Estimates
- BT/ LN : BT Holder Offers About 85m Shares, Terms Show
- BT/ LN : BT Holder Offers About 85m Shares, Terms Show
- COV FP : Covivio 1H Adjusted EPRA Profit EU282.4M
- DNB NO : DNB Bank Unit to Divest Stake in Luminor Holding
- ENX FP : Athens Set for Best Year for Share Sales Since 2014: ECM Watch
- GALD SW : Injectables ‘wild west’: Galderma’s race to tame the botox boom - FT
- Giga AI IPO : China’s GigaAI Seeks 2026 Hong Kong IPO in First for World Model
- HACK SS : Hacksaw 2Q Revenue EU59.3M
- HANZA SS : Hanza Reports 2Q Sales of SEK 2.57 Billion, Compared With FactSet Estimates of SEK 2.59 Billion
- HHFAZ GY : Hamburger Hafen Cuts FY Ebit Forecast
- IPO LN : IP Group Rejects Railpen’s Revised 71.3p/Share Proposal
- BAER SW : Julius Baer Assets Under Management Meets Estimates
- JUN3 GY : BaFin Opens Jungheinrich Accounting Probe Over Russia Exit
- KEOC SS : Keo Capital to Merge KEO Energy With Lionheart
- LISN SW : Lindt & Spruengli 1H Organic Sales Miss Estimates
- MAU FP : Maurel & Prom : le chiffre d'affaires semestriel progresse de 27%
- MTGB SS : MTG 2Q Net Sales Meet Estimates
- BMPS IM : Benettons Reach Deal Over €3.5B Exit of Family Branch: Corriere
- CUB US : Lionheart, Keo Sign Letter of Intent for Business Combination
- LSEG LN : London Stock Exchange Plans Night Trading Venue Next Year: FT
- MCAP SS : MedCap 2Q Sales Beat Estimates
- MBG GY : Mercedes Looks to Soften Bill to Ban Automakers With China Ties
- MSFT US : Microsoft To Launch Three AMD-Powered Azure VM Offerings
- MTGB SS : MTG 2Q Adjusted Ebitda Beats Estimates
- NOVN SW : Novartis 2Q Core EPS Beats Estimates
- NVDA US : Nvidia Reports 9.3% Nebius Stake in 13G Filing
- ORCL US : Oracle could face $7bn collateral bill for Wisconsin data centre
- PSKY US : Paramount-Warner Bros. Deal Temporarily Paused by Federal Judge, Paramount-Warner Deal at Risk of Delays That Would Cost Billions
- REF US IPO : Reformation Eyes IPO Valuation of Up to $1B, The sustainable fashion brand estimated it would price its shares at $15 to $17 each in its upcoming offering - WWD
- Revolut IPO : Revolut Gets Australian Bank License as Firm Deepens Growth Push
- SCHP SW : Schindler 1H Ebit CHF706M Vs. CHF675M Y/y
- SIE GY : Siemens to Buy Precision Innovations to Boost AI Chip Design
- SPCX US : xAI Launches Grok Add-In for Microsoft Excel
- UHR SW : Swatch Gives Upbeat Sales Outlook After Profit Misses Estimates
- TKA GY : Thyssenkrupp Materials Unit Sees M/T Sales Growth >4% (July 20)
- FR FP : Harmattan AI Picks Valeo for Made-in-France Electric Drone Motor
- VAR NO : Var Energi 2Q Ebit Misses Estimates, Var Energi Maintains FY Production Forecast
- VWS DC : Vestas Takes Over 300 MW Wind Park in Australia
- VIE FP : Danantara Awards Waste-To-Energy Projects to Eight Partners
- VIRP FP : Virbac 2Q Organic Revenue at Constant FX, Scope +7.2%
- VOW GY : Volkswagen Nears Sale of Stake in its India Unit to JSW Group
- WRTV FH : Wartsila 2Q Net Sales Miss Estimates
- WHA NA : Wereldhave 1H EPS EU0.91
- WIE AV : Wienerberger Sees FY Adjusted Ebitda About EU700M, Wienerberger Cuts Ebitda Goal on Weak US, UK, Canada New-Builds
- ZAL GY : Zalando Cleared by BaFin With No Fine Imposed