- Li Chen
- 26 Mar, 2025
- Hong Kong
Stock market indexes in China and Hong Kong lacked direction, and investors took a wait-and-see approach amid elevated geopolitical uncertainties.
The Hang Seng advanced 0.2%, and the mainland-focused CSI index decreased 0.4%, and benchmark indexes traded in a tight range amid weak sentiment.
Investors have been on the sidelines after the recent run-up in technology stocks, uncertainty about U.S. trade policy, and lack of catalysts for corporate earnings growth.
Beijing's policymakers have failed to follow through after announcing a raft of stimulus measures last year and reiterating their commitment to supporting the revival of the property market and consumer confidence.
In addition, Beijing is struggling to devise its trade stance amid constantly changing U.S. trade policy and shifting priorities in the European Union.
The sharp escalation in U.S. tariffs and stricter implementation of the de minimus rule have sharply slowed down new orders for small manufacturing companies in several sectors and caused widespread job losses in Shenzhen, Ningbo, and Guangzhou.
China Indexes and Stocks
The Hang Seng index increased 0.2% to 23,406.73, and the mainland-focused CSI 300 index fell 0.4% to 3,920.44.
Contemporary Ampere Technology Limited decreased 0.3% to 259.02 yuan, and the largest maker of electric vehicle batteries received an approval from the mainland securities regulator to list its stock on the Hong Kong Stock Exchange and raise $5 billion.
Nio advanced 0.6% to HK $34.01, and the company's chief executive, William Li, said that the electric vehicle maker is expected to break even in the fourth quarter.
Li Auto, Xpeng, and BYD advanced following Nio's announcement.
- Arun Goswami
- 26 Mar, 2025
- Mumbai
Dish TV India Ltd. was unchanged at ₹6.09 after the satellite television services provider reported a sixteen-fold increase in net loss in the December quarter.
Consolidated revenue declined to ₹382 crore from ₹474.6 crore, net loss expanded to ₹46.5 crore from ₹2.8 crore, and diluted losses per share advanced to 24 paisa from 1 paisa a year ago.
Bannari Amman Spinning Mills Limited fell 1% to ₹30.14 after the vertically integrated textile company’s net income swung to a profit in the December quarter.
Consolidated revenue advanced to ₹213.3 crore from ₹198.7 crore, net income swung to a profit of ₹2 crore from a loss of ₹1.5 crore, and diluted earnings per share rose to an income of 12 paisa from a loss of 4 paisa a year ago.
Superhouse Ltd. dropped 0.6% to ₹149.55 after the multi-product conglomerate reported a slight increase in revenue and a 64% plunge in quarterly profit from a year ago.
Consolidated revenue advanced to ₹169.6 crore from ₹148.9 crore, net income declined to ₹0.8 crore from ₹2.2 crore, and diluted earnings per share fell to 72 paisa from ₹1.95 a year ago.
Regency Ceramics Ltd. was unchanged at ₹47 after the ceramic floor and wall tile maker reported a 46% increase in net loss in the December quarter.
Consolidated revenue increased to ₹4.4 crore from ₹0.8 crore, net loss expanded to ₹3.8 crore from ₹2.6 crore, and diluted losses per share advanced to ₹1.45 from 98 paise a year ago.
Suryalakshmi Cotton Mills Ltd. declined 1.1% to ₹62.85 after the yarn and premium denim maker reported a slight increase in revenue and net income in the December quarter.
Consolidated revenue advanced to ₹194.7 crore from ₹185.1 crore, net income increased to ₹0.9 crore from ₹0.8 crore, and diluted earnings per share rose to 49 paisa from 47 paisa a year ago.
DIGJAM Limited plunged 0.7% to ₹39 after the fabric maker for suiting and casual wear reported a decline in net income and revenue in the December quarter.
Consolidated revenue declined to ₹6.2 crore from ₹6.3 crore, after-tax profit decreased to ₹1.5 crore from a loss of ₹1.7 crore, and diluted earnings per share fell to 76 from a loss of 91 a year ago.
Panacea Biotec Ltd. advanced 1.6% to ₹439 after the health management company's net income swung to a profit in the December quarter.
Consolidated revenue advanced to ₹167.1 crore from ₹156.2 crore, net income swung to a profit of ₹4.5 crore from a loss of ₹2.2 crore, and diluted earnings per share rose to an income of 74 from a loss of 37 a year ago.
Tarsons Products Ltd. decreased 2.4% to ₹315.90 after the lab equipment maker reported a 50% decline in profit in the December quarter.
Consolidated revenue advanced to ₹9.7 crore from ₹6.5 crore, after-tax profit declined to ₹0.5 crore from ₹1 crore, and diluted earnings per share fell to 99 paisa from ₹1.9 a year ago.
- Arun Goswami
- 26 Mar, 2025
- Mumbai
- Barry Adams
- 25 Mar, 2025
- New York City
Market rally on Wall Street appeared to fizzle out, and tariff flip-flop worry dominated market sentiment.
The S&P 500 index increased as much as 0.3%, and the Nasdaq Composite edged down a fraction amid confusion about the scope and timing of the next round of tariffs promoted by the U.S. President.
Wall Street indexes sharply rebounded on reports that the next round of tariffs, which are import taxes paid by all consumers, may not be as harsh as previously advertised.
However, the worry of economic slowdown and higher inflation resurfaced after another pronouncement from the White House suggested a sharp increase in tariffs on automobiles and pharmaceutical imports.
Market indexes have been in a tailspin over the last five weeks after the Trump administration doubled down on the import tax as the new key source of revenue for the federal government.
Despite the presidential campaign promises to lower prices, not just inflation, Trump is set to increase prices for all consumers and use that revenue to finance tax cuts for the wealthy donors.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.1% to 5,770.82, the Nasdaq Composite edged up 0.1% to 18,203.11, and the Russell 2000 index was down 0.1% to 2,107.73.
The yield on 2-year Treasury notes edged higher to 4.05%, 10-year Treasury notes decreased to 4.34%, and 30-year Treasury bonds advanced to 4.68%.
WTI crude oil increased $0.54 to $69.65 a barrel, and natural gas prices edged higher by $0.01 to $3.93 a thermal unit.
Gold increased by $17.86 to $3,027.54 an ounce, and silver edged up by $0.78 to $33.71.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.27 to 103.99 and traded at a two-year high.
U.S. Stock Movers
KB Home dropped 9% to $56.52 after the home builder reported weaker-than-expected quarterly revenue and earnings.
New orders edged down 17% to 2,772 from 3,323, and deliveries fell 9% to 2,770 from 3,037 a year ago.
The average selling price increased 4% to $500,700 from $480,100, and the backlog of homes decreased 23% to 4,436 from 5,796 a year earlier.
UniFirst Corp. plunged 12.9% to $172.0 after Cintas terminated its merger talks, citing substantial differences with management.
The company had offered $275 per share in a deal that valued UniFirst at $5.3 billion.
”While we continue to believe in the merits of a transaction, we were unable to have substantive engagement with UniFirst regarding key transaction terms. We do not believe further discussions are warranted at this time,” Cintas CEO Todd Schneider said in a statement.
American Electric Power declined 1.6% to $102.52 after the company planned a secondary offering to raise as much as $2 billion.
- Barry Adams
- 25 Mar, 2025
- New York City
Market rally on Wall Street appeared to fizzle out, and tariff flip-flop worry dominated market sentiment.
The S&P 500 index increased as much as 0.3%, and the Nasdaq Composite edged down a fraction amid confusion about the scope and timing of the next round of tariffs promoted by the U.S. President.
Wall Street indexes sharply rebounded on reports that the next round of tariffs, which are import taxes paid by all consumers, may not be as harsh as previously advertised.
However, the worry of economic slowdown and higher inflation resurfaced after another pronouncement from the White House suggested a sharp increase in tariffs on automobiles and pharmaceutical imports.
Market indexes have been in a tailspin over the last five weeks after the Trump administration doubled down on the import tax as the new key source of revenue for the federal government.
Despite the presidential campaign promises to lower prices, not just inflation, Trump is set to increase prices for all consumers and use that revenue to finance tax cuts for the wealthy donors.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.1% to 5,770.82, the Nasdaq Composite edged up 0.1% to 18,203.11, and the Russell 2000 index was down 0.1% to 2,107.73.
The yield on 2-year Treasury notes edged higher to 4.05%, 10-year Treasury notes decreased to 4.34%, and 30-year Treasury bonds advanced to 4.68%.
WTI crude oil increased $0.54 to $69.65 a barrel, and natural gas prices edged higher by $0.01 to $3.93 a thermal unit.
Gold increased by $17.86 to $3,027.54 an ounce, and silver edged up by $0.78 to $33.71.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.27 to 103.99 and traded at a two-year high.
U.S. Stock Movers
KB Home dropped 9% to $56.52 after the home builder reported weaker-than-expected quarterly revenue and earnings.
New orders edged down 17% to 2,772 from 3,323, and deliveries fell 9% to 2,770 from 3,037 a year ago.
The average selling price increased 4% to $500,700 from $480,100, and the backlog of homes decreased 23% to 4,436 from 5,796 a year earlier.
UniFirst Corp. plunged 12.9% to $172.0 after Cintas terminated its merger talks, citing substantial differences with management.
The company had offered $275 per share in a deal that valued UniFirst at $5.3 billion.
”While we continue to believe in the merits of a transaction, we were unable to have substantive engagement with UniFirst regarding key transaction terms. We do not believe further discussions are warranted at this time,” Cintas CEO Todd Schneider said in a statement.
American Electric Power declined 1.6% to $102.52 after the company planned a secondary offering to raise as much as $2 billion.