Asian stocks diverged from Wall Street’s tech-led rally as persistent volatility in South Korean equities underscored lingering concerns over the artificial intelligence trade. The yen slipped after its intervention-led gains. MSCI’s gauge of Asia Pacific stocks dropped 0.7%, with eight of its 11 industry groups posting losses. The benchmark was heading for a second day of declines after surging 5% on Friday. A regional semiconductor gauge fell 1%, while Korea’s Kospi dropped 1.1% after earlier gaining 2.1%. Sentiment on Wall Street remained more positive with Nasdaq 100 futures rising 0.4%. Palantir Technologies Inc. surged 14% in extended trading after raising its forecasts, while Amazon.com Inc. dropped 1.6% post-market after Chair Jeff Bezos disclosed plans to sell shares. A three-day rally helped the company reach a $3 trillion market value on Monday. Elsewhere, the yen slipped 0.3% to 157.64 per dollar following four days of gains. The currency’s sudden advance early Monday had fueled speculation that authorities may have intervened to support the yen again, building on last week’s coordinated action by the US and Japan. Technology stocks remain volatile as investors increasingly question whether billions of dollars of spending on AI will translate into stronger growth and profits. Geopolitical developments and US jobs data later this week also remain in focus as traders assess whether lower oil prices will ease inflation pressures and influence interest-rate expectations. Technology stocks remain volatile as investors increasingly question whether billions of dollars of spending on AI will translate into stronger growth and profits. Geopolitical developments and US jobs data later this week also remain in focus as traders assess whether lower oil prices will ease inflation pressures and influence interest-rate expectations. Another potential challenge for markets comes Tuesday, when SpaceX reports its first earnings as a public company. It also sets the stage for one of the largest share unlocks in capital markets history, with as much as $116 billion of stock becoming eligible for sale for the first time next month. On Monday, a Wall Street rally saw a gauge of megacaps post its best day since March and the S&P 500 Index close within touching distance of a record high. A gauge of semiconductor stocks rose about 1%. But the volatility in the sector is rippling across the industry, with Coatue Management’s hedge fund plunging 8.3% last month as the selloff in AI stocks whipsawed another tech-focused money manager. In other corners of the market, oil retraced some of Monday’s losses. President Donald Trump said his latest offer of talks is Tehran’s “last chance” and that he expects a full reopening of the Strait of Hormuz. WTI rose 0.8% to about $81 a barrel, after sliding over 5% on Monday. Treasuries pared some of their gains from the previous session, when declining oil eased inflation concerns. The yield on the 10-year bond climbed two basis points to 4.69%. In Japan, bond futures sank and government bond yields surged after a 10-year bond sale had its weakest demand since May 2025. Still, the on-again, off-again nature of US-Iran diplomacy may mean earnings and jobs data will have to do the heavy lifting for the bulls this week, according to Chris Larkin at E*Trade from Morgan Stanley. In the countdown to a slew of jobs figures, data on Monday showed US manufacturing activity expanded in July at the fastest pace in more than four years, production surged and firms added workers. Forces that propelled US stocks to record highs this year remain “firmly intact” after a reset in retail investors’ speculative trading, according to Citadel Securities’s Scott Rubner. US After Hours AMRC +27.7%, VOYG +17.0%, BLZE +16.4% and PLTR +11.1% sharply higher on earnings; CLPT -15.8%, POWL -14.6%, ICHR -13.4% and ADEA -11.9% sharply lower on earnings
Nikkei -0.35% Hang Seng -0.49% CSI +0.94% Kospi -1.18% Shanghai +0.16% Shenzen +2.35%
Eur$ 1.1510 CNH 6.7548 CNY 6.7545 JPY 157.55 GBP 1.3426 CHF 0.8102 RUB 80.3556 TRY 47.5546 WTI$ 81.23 +1.15% Gold 4,063 +0.66% BTC 63,986 +0.26% ETH 1,867 -0.10%
S&P +0.24% Nasdaq +0.53% EuroStoxx +0.37% FTSE +0.27% Dax +0.29% SMI +0.19%
Macro :
- Trump Says Talks Are Iran’s ‘Last Chance’ After Threats
- Italy July New Car Sales Rise 3.90% Y/y
- Italy July New Car Sales Rise 3.90% Y/y
- Citadel Securities Says Bull Market Drivers Are ‘Firmly Intact’
- Coatue’s Hedge Fund Sinks 8% in Worst Drop in More Than a Year
- London and Dubai Wealth Concerns See Turkey Make a Play for Rich
- Millennium Lost 2% Last Month as AI Trade Whipsawed Hedge Funds
Keep an eye on :
Keep an eye on :
- ANA SM : Tussen de Grachten Sells ~1.65M Acciona Shares for About €359M
- AAD GY : Amadeus Fire Cuts FY Operating Ebita Forecast
- AMS SW : AMS-Osram 2Q Revenue Beats Estimates
- AAPL US : Apple Says Telegram Briefly Removed Over Child Abuse Content
- ASMDEE SS : Asmodee 1Q Sales Beat Estimates
- ATS AV : AT&S 1Q Ebitda Beats Estimates
- BAYN GY : Bayer 2Q Adjusted Ebitda Beats Estimates
- BBVA SM : SuKarne Owner Exploring Sale of Meat Company: Reuters
- BA US : Boeing Wins Certification for Long-Delayed 737 Max 7 Jet
- BA US : Boeing Wins Certification for Long-Delayed 737 Max 7 Jet
- BON FP : Bonduelle Reports FY Sales of EUR 2.19 Billion, Compared With FactSet Consensus Estimates of EUR 2.18 Billion
- CARLB DC : Carlsberg Sells Stake in Unprofitable Unit, Fodevarewatch says
- CON GY : Continental 2Q Adjusted Ebit Margin Beats Estimates, Continental’s Margin Rises After Selling More Premium Tires
- DHR US : Danaher Names Julie Sawyer Montgomery as President, CEO
- ELG GY : Elmos 2Q Sales Above Estimates
- EGLA IM : Eurogroup Laminations 1H Revenue EU396.5M Vs. EU429.2M Y/y
- EQ1V FH : eQ 2Q Operating Profit Misses Estimates
- FGR FP : Atlas Arteria Says Proposed Warnow Tunnel Sale Will Not Proceed
- EVK GY : Evonik 2Q Sales Beat Estimates
- SFER IM : Ferragamo 1H Sales at Constant Exchange Rates Miss Estimates
- FME GY: Fresenius Medical Prelim Oper Income Excl. Special Items €569m
- FME GY: Fresenius Medical Prelim Oper Income Excl. Special Items €569m
- FME GY : Fresenius Kabi's Rituximab Biosimilar Gets FDA Approval
- HABA GY : Hamborner REIT 1H FFO EU23.8M Vs. EU24.9M Y/y
- HSBA LN : HSBC 2Q Pretax Profit Beats Estimates
- BOSS GY : Hugo Boss 2Q Ebit Beats Estimates
- IPC SS : IPC Narrows FY Free Cash Flow Forecast
- JELD US : Jeld-Wen Narrows FY Revenue Forecast, Beats Estimates
- LEG GY : LEG Immobilien 1H FFO I EU230.5M Vs. EU241.2M Y/y
- MGM US : Barry Diller’s People Inc. Urged to Drop Plan for MGM Takeover
- NDX1 GY : Nordex Gets Three US Orders With Combined Capacity of Over 480MW
- NOVOB DC : ‘Arrogance kills’: Novo chief injects risk-taking into Ozempic maker
- ON US : ON Semi 3Q Adjusted Operating Expenses Forecast Misses Estimates
- PLTR US : Palantir Boosts FY Revenue Forecast, Beats Estimates
- PLTR US : Palantir's Karp renews attacks on frontier AI labs that are 'trying to drug addict us'
- PAY US : Paymentus Gains as 2Q Results, Revenue Outlook Beats Estimates
- SAN FP : Sanofi’s MenQuadfi Vaccine Approved in EU for Use in Infants
- SNAP US : Snap Sees 3Q Revenue $1.70B to $1.74B, Est. $1.7B: Snapshot
- TLGRM : Apple Says Telegram Briefly Removed Over Child Abuse Content
- TFI FP : TF1 Weighs Sale of Production Arm Studio TF1: Reuters
- VOYG US : Voyager Technologies Shares Rally on FY Revenue Outlook Boost
- WSU GY : Washtec 1H Ebit EU17.7M
- WHR US : Whirlpool Cuts Earnings Outlook on Higher Interest Expenses
- WIX US : Wix.com 2Q Revenue Beats Estimates
- ZAL GY : Zalando 2Q Adjusted Ebit Misses Estimates, Zalando Narrows FY Adjusted Ebit Forecast