Japan's Nikkei Down 4% as U.S. Tariffs On Asian Imports Take Effect

Stock market indexes reversed their course in Tokyo trading and erased most of the gains of the previous session after the U.S. tariffs went into effect. 

The Nikkei 225 Stock Average dropped nearly 4%, and the broader Topix index declined more than 3%, as the U.S. slapped additional tariffs on Chinese goods. 

The yen traded in a tight rang with an upward bias, and closed at 145.45 against the U.S. dollar in choppy trading. 

The U.S. tariff of 24% on Japanese goods and 25% on Japanese vehicles went into effect this afternoon Tokyo time, and investors looked forward to the start of trade negotiations as early as next week. 

The U.S. in a tit-for-tat imposed an additional tariff of 50%, increasing the total to a whopping 104%, starting today, and prompting an outcry from Beijing. 

China is likely to impose high trade barriers on U.S. service providers, including accounting and law firms, and expand its list of "unreliable entities" to include leading U.S. tech and industrial companies. 

Japan's exports to the U.S. account for about 20% of its total exports and 3% of its gross domestic economy.

Meanwhile, China's total direct and indirect goods exports to the U.S. accounted for about 20% of total exports and about 3.5% of China's gross domestic product.

Japan Indexes and Stocks 

The Nikkei 225 Stock Average plunged 3.9% to 31,714.03, and the broader TOPIX decreased 3.4% to 2,349.33. 

Sumitomo Mitsui Financial Group declined 4.5% to ¥3,027.0, Mitsubishi UFJ Financial Group plunged 5.3% to ¥1,570.0, and Mizuho Financial Group dropped 4.3% to ¥3,179.0.

Toyota Motor decreased 2.6% to ¥2,365.50, Nissan Motor Company fell 6.7% to ¥311.50, and Honda Motor Company declined 3.2% to ¥1,243.50.

Panasonic Holdings Corp. decreased 5% to ¥1,388.50, Canon Inc. fell 3.7% to ¥4,015.0, Sony Group declined 3.5% to ¥3,107.0, and Fanuc Corp. eased 3.5% to ¥3,114.0.  

Investor Sentiment In Shanghai and Hong Kong Waver After China and Asia Tariffs Kick In

Stocks resumed their slide on Wednesday after trade tensions rose to a new high between the U.S. and China. 

The Hang Seng index rebounded from a loss of 1%, and the mainland-focused CSI 300 index advanced nearly 1% as investors overlooked rising trade tensions. 

Asian markets declined after U.S. tariffs went into effect at noon in Hong Kong, and the U.S. imposed an additional 50% tariff on Chinese goods, totaling 104%. 

The 24% tariffs on Japan, 46% on Vietnam, and 49% on Cambodia, in addition to 10% base tariffs, went into effect also this afternoon.

In overnight trading, Wall Street indexes fell between 2% and 3% after the U.S. announced new tariffs on China and exchanged barbs as both trading partners struggle to find a common ground. 

China Indexes and Stocks 

The Hang Seng index decreased 0.3% to 19,996.08, and the mainland-focused CSI 300 index rose 0.7% to 3,677.87. 

BYD decreased 1.1% to HK$ 326.20, Li Auto fell 1.7% to HK$ 79.85, and XPeng declined 1.2% to HK$ 66.50.

Zhejiang Tion Vanly Technology soared 250% to 34.72 yuan after the company's stock began trading on the Shanghai Stock Exchange. 

The automotive structural parts maker sold 85.1 million shares at 13.30 yuan per share. 

Investors Sentiment In Shanghai and Hong Kong Waver After China and Asia Tariffs Kick In

Stocks resumed their slide on Wednesday after trade tensions rose to a new high between the U.S. and China. 

The Hang Seng index rebounded from a loss of 1%, and the mainland-focused CSI 300 index advanced nearly 1% as investors overlooked rising trade tensions. 

Asian markets declined after U.S. tariffs went into effect at noon in Hong Kong, and the U.S. imposed an additional 50% tariff on Chinese goods, totaling 104%. 

The 24% tariffs on Japan, 46% on Vietnam, and 49% on Cambodia, in addition to 10% base tariffs, went into effect also this afternoon.

In overnight trading, Wall Street indexes fell between 2% and 3% after the U.S. announced new tariffs on China and exchanged barbs as both trading partners struggle to find a common ground. 

China Indexes and Stocks 

The Hang Seng index decreased 0.3% to 19,996.08, and the mainland-focused CSI 300 index rose 0.7% to 3,677.87. 

BYD decreased 1.1% to HK$ 326.20, Li Auto fell 1.7% to HK$ 79.85, and XPeng declined 1.2% to HK$ 66.50.

Zhejiang Tion Vanly Technology soared 250% to 34.72 yuan after the company's stock began trading on the Shanghai Stock Exchange. 

The automotive structural parts maker sold 85.1 million shares at 13.30 yuan per share. 

Wall Street Indexes Attempt to Rebound After Three Days of Mayhem

Wall Street indexes rebounded after a three-day sell-off that wiped out more than $6 trillion in market valuation after Trump tariffs shook stocks. 

The S&P 500 index jumped 3%, and the Nasdaq Composite advanced 3.7% in early trading on Tuesday, as investors awaited the start of earnings season this Friday. 

Wells Fargo, Citigroup, JPMorgan Chase, Morgan Stanley, Goldman Sachs, Delta Air Lines, and Fastenal are scheduled to release earnings on late Thursday or early Friday.

Over the last three trading sessions, the S&P 500 index lost more than 10% after the Trump administration rolled out an import tax that averaged 22%. 

The sharp escalation of tariffs from the current 2.5% mounted fears of economic slowdown and rapid rebound in inflation, which could lead to widespread job losses and dampen consumer spending and corporate earnings.

The tech-heavy Nasdaq Composite extended over the last three trading sessions and sank deeper into bear market territory after Apple, Nvidia, AMD, and Alphabet plunged as much as 20%. 

The US-sparked tariff war showed no sign of easing after China imposed its retaliatory tariff of 34% on U.S. goods, and the European Union proposed a 25% tariff on aluminum, steel, and motorcycles. 

Commodities, Currencies, Indexes, Yields

The S&P 500 index increased 3.3% to 5,229.72, the Nasdaq Composite edged up 3.7% to 16,180.68, and the Russell 2000 index was up 2.8% to 1,861.31.

The yield on 2-year Treasury notes edged higher to 3.83%, 10-year Treasury notes increased to 4.22%, and 30-year Treasury bonds advanced to 4.65%.

WTI crude oil increased $0.76 to $61.46 a barrel, and natural gas prices edged higher by $0.12 to $3.77 a thermal unit.

Gold increased by $35.04 to 3,018.32 an ounce, and silver edged up by $0.45 to $30.46.

The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.23 to 103.02 and traded at a two-year high.

U.S. Movers 

Broadcom jumped $164.0 after the company's board authorized a new $10 billion stock repurchase program ending no later than December 31. 

Healthcare insurance companies jumped after The Wall Street Journal reported that the Trump administration is looking to approve a payment rate increase of 5.06%, higher than the 2.26% proposed by the Biden administration. 

Humana soared 14.3% to 291.0, UnitedHealth Group advanced 6.7% to 561.0, and CVS Health Corp. gained 8.4% to 69.18.

Levi Strauss & Company jumped 15.2% to 15.22, and the apparel company reported a muted increase in sales but a sharp jump in earnings in the first quarter ending in March. 

Wall Street Indexes Attempt to Rebound After Three Days of Mayhem

Wall Street indexes rebounded after a three-day sell-off that wiped out more than $6 trillion in market valuation after Trump tariffs shook stocks. 

The S&P 500 index jumped 2.5%, and the Nasdaq Composite advanced 2.9% in early trading on Tuesday, as investors awaited the start of earnings season this Friday. 

Wells Fargo, Citigroup, JPMorgan Chase, Morgan Stanley, Goldman Sachs, Delta Air Lines, and Fastenal are scheduled to release earnings on late Thursday or early Friday.

Over the last three trading sessions, the S&P 500 index lost more than 10% after the Trump administration rolled out an import tax that averaged 22%. 

The sharp escalation of tariffs from the current 2.5% mounted fears of economic slowdown and rapid rebound in inflation, which could lead to widespread job losses and dampen consumer spending and corporate earnings.

The tech-heavy Nasdaq Composite extended over the last three trading sessions and sank deeper into bear market territory after Apple, Nvidia, AMD, and Alphabet plunged as much as 20%. 

The US-sparked tariff war showed no sign of easing after China imposed its retaliatory tariff of 34% on U.S. goods, and the European Union proposed a 25% tariff on aluminum, steel, and motorcycles. 

U.S. Movers 

Broadcom jumped $164.0 after the company's board authorized a new $10 billion stock repurchase program ending no later than December 31. 

Healthcare insurance companies jumped after The Wall Street Journal reported that the Trump administration is looking to approve a payment rate increase of 5.06%, higher than the 2.26% proposed by the Biden administration. 

Humana soared 14.3% to 291.0, UnitedHealth Group advanced 6.7% to 561.0, and CVS Health Corp. gained 8.4% to 69.18.

Levi Strauss & Company jumped 15.2% to 15.22, and the apparel company reported a muted increase in sales but a sharp jump in earnings in the first quarter ending in March. 

Europe Markets Recover 2% Amid Elevated Trade Tensions

European markets stabilized after Monday's sharp sell-off as calm returned to world markets. 

Benchmark indexes in Frankfurt, Paris, Milan, and London traded higher by 1% as trade tensions with the U.S. remained high. 

The European Union is likely to enter negotiations with the U.S. as early as this month, and the U.S. rejected the offer of zero tariffs. 

The average tariff on the U.S. goods arriving in the European Union is less than 2%, and the European Commission president, Ursula von der Leyen, said that Donald Trump rejected the "zero-for-zero tariff" deals on industrial goods. 

Moreover, the U.S. enjoys a large service trade surplus of €109 billion on bilateral trade of €746 billion with the European Union.

The EU goods exports to the U.S. increased to €532 billion, resulting in a trade surplus of €198 billion in 2024, according to data available from the European Commission.

On the economic front, France said its international trade deficit widened in February, the largest trade gap since September, according to the latest data released by the Ministry of Economy and Finance. 

Exports stalled at €49.7 billion, and imports increased 2.4% to €57.5 billion, driven by higher purchases of hydrocarbons and transportation equipment.  

Europe Indexes and Yields

The DAX index increased by 1.5% to 20,079.47, the CAC-40 index edged higher 1.6% to 7,037.91, and the FTSE 100 index advanced by 1.2% to 7,792.65.

The yield on 10-year German bonds inched lower to 2.61%, French bonds decreased to 3.35%, the UK gilts moved down to 4.57%, and Italian bonds edged lower to 3.81%.

The euro increased to $1.10; the British pound was higher at $1.28; and the U.S. dollar was lower and traded at 85.76 Swiss cents.

Brent crude increased $0.12 to $64.31 a barrel, and the Dutch TTF natural gas was higher by €0.59 to €36.47 per MWh.

Europe Movers

Banks and energy companies topped the most actively traded stocks in Tuesday's trading. 

Deutsche Bank gained 1.7% to €18.38, UniCredit SpA advanced 0.4% to €42.83, Societe Generale SA increased 3.2% to €42.83, BNP Paribas edged up 0.6% to €66.49, and HSBC Holdings plc inched lower 0.5% to 734.19 pence.

Crude oil prices dropped for the fourth consecutive session and fell to a four-year low of $59.67 a barrel. 

Shell PLC gained 2.4% to €28.41, BP plc gained 3.1% to 359.90 pence, and TotalEnergies SA advanced 0.1% to €50.28.

Europe Markets Attempted to Rebound Amid Elevated Trade Tensions

European markets stabilized after Monday's sharp sell-off as calm returned to world markets. 

Benchmark indexes in Frankfurt, Paris, Milan, and London traded higher by 1% as trade tensions with the U.S. remained high. 

The European Union is likely to enter negotiations with the U.S. as early as this month, and the U.S. rejected the offer of zero tariffs. 

The average tariff on the U.S. goods arriving in the European Union is less than 2%, and the European Commission president, Ursula von der Leyen, said that Donald Trump rejected the "zero-for-zero tariff" deals on industrial goods. 

Moreover, the U.S. enjoys a large service trade surplus of €109 billion on bilateral trade of €746 billion with the European Union.

The EU goods exports to the U.S. increased to €532 billion, resulting in a trade surplus of €198 billion in 2024, according to data available from the European Commission.

On the economic front, France said its international trade deficit widened in February, the largest trade gap since September, according to the latest data released by the Ministry of Economy and Finance. 

Exports stalled at €49.7 billion, and imports increased 2.4% to €57.5 billion, driven by higher purchases of hydrocarbons and transportation equipment.  

Europe Indexes and Yields

The DAX index increased by 1.5% to 20,079.47, the CAC-40 index edged higher 1.6% to 7,037.91, and the FTSE 100 index advanced by 1.2% to 7,792.65.

The yield on 10-year German bonds inched lower to 2.61%, French bonds decreased to 3.35%, the UK gilts moved down to 4.57%, and Italian bonds edged lower to 3.81%.

The euro increased to $1.10; the British pound was higher at $1.28; and the U.S. dollar was lower and traded at 85.76 Swiss cents.

Brent crude increased $0.12 to $64.31 a barrel, and the Dutch TTF natural gas was higher by €0.59 to €36.47 per MWh.

Europe Movers

Banks and energy companies topped the most actively traded stocks in Tuesday's trading. 

Deutsche Bank gained 1.7% to €18.38, UniCredit SpA advanced 0.4% to €42.83, Societe Generale SA increased 3.2% to €42.83, BNP Paribas edged up 0.6% to €66.49, and HSBC Holdings plc inched lower 0.5% to 734.19 pence.

Crude oil prices dropped for the fourth consecutive session and fell to a four-year low of $59.67 a barrel. 

Shell PLC gained 2.4% to €28.41, BP plc gained 3.1% to 359.90 pence, and TotalEnergies SA advanced 0.1% to €50.28.

Europe Movers: Hilton Food, OMV

OMV AG traded flat at €41.88 after the Austria-based energy and chemicals company said it would post first quarter of 2025 earnings results on April 30.

On February 4, OMV reported fourth quarter of 2004 results.

Revenue declined to €9.05 billion from €10.11 billion, net income edged up to €377 million from €319 million, and diluted earnings per share rose to 92 cents from 72 cents a year ago.

For the full year, revenue decreased to €34.97 billion from €40.53 billion, net income climbed to €2.02 billion from €1.92 billion, and diluted earnings per share dropped to €4.24 from €4.52 a year earlier.

The company guided for organic capital expenditure to come in at around €3.6 billion, compared to €3.7 billion in 2024, including non-cash leases of around €0.1 billion.

Hilton Food Group Plc. eased 1.8% to 835.42 pence after the UK-based food provider reported full-year results for 2024 ending in December.

Revenue inched down to £3.988 billion from £3.989 billion, profit jumped to £39.3 million from £36.4 million, and diluted earnings per share rose to 43.3 pence from 40.2 pence a year ago.

The company proposed a final dividend of 24.9 pence per share, representing total 2024 dividends of 34.5 pence per share, an increase of 7.8% compared to the prior year.

The company reported a strong retail meat volume growth across the UK, Europe, and APAC, and it plans to enter the Saudi Arabian market in the second half of 2026.

Europe Movers: Hilton Food, OMV

OMV AG traded flat at €41.88 after the Austria-based energy and chemicals company said it would post first quarter of 2025 earnings results on April 30.

On February 4, OMV reported fourth quarter of 2004 results.

Revenue declined to €9.05 billion from €10.11 billion, net income edged up to €377 million from €319 million, and diluted earnings per share rose to 92 cents from 72 cents a year ago.

For the full year, revenue decreased to €34.97 billion from €40.53 billion, net income climbed to €2.02 billion from €1.92 billion, and diluted earnings per share dropped to €4.24 from €4.52 a year earlier.

The company guided for organic capital expenditure to come in at around €3.6 billion, compared to €3.7 billion in 2024, including non-cash leases of around €0.1 billion.

Hilton Food Group Plc. eased 1.8% to 835.42 pence after the UK-based food provider reported full-year results for 2024 ending in December.

Revenue inched down to £3.988 billion from £3.989 billion, profit jumped to £39.3 million from £36.4 million, and diluted earnings per share rose to 43.3 pence from 40.2 pence a year ago.

The company proposed a final dividend of 24.9 pence per share, representing total 2024 dividends of 34.5 pence per share, an increase of 7.8% compared to the prior year.

The company reported a strong retail meat volume growth across the UK, Europe, and APAC, and it plans to enter the Saudi Arabian market in the second half of 2026.

U.S. Movers: Dave & Buster’s Entertainment, Greenbrier, Levi Strauss

Levi Strauss & Co. surged 7.4% to $14.50 after the apparel and jeans company reported results for the fiscal first quarter of 2025 ending in March.

Revenue edged up to $1.53 billion from $1.48 billion, net income came in at $135.0 million compared to a loss of $10.6 million, and diluted earnings per share were 34 cents compared to a loss of 3 cents a year ago.

The company returned approximately $81 million to shareholders in the first quarter, a 12% increase over the prior year, including dividends of $51 million and share repurchases of $30 million.

As of March 2, Levi’s had $560 million remaining under its current share repurchase authorization, which has no expiration date.

The company proposed a cash dividend of 13 cents per share, totaling approximately $51 million, payable on May 9 to shareholders on record as of April 24.

Excluding the impact from the recently announced tariffs, the company guided for fiscal 2025 organic net revenue growth to be between 3.5% and 4.5%, reported net revenue down 1% to 2%, compared to $6.35 billion in 2024, and adjusted earnings per share between $1.20 and $1.25, compared to $1.25 in 2024.

Greenbrier Companies Inc. dropped 4.7% to $42.63 after the supplier of equipment and services to the freight transportation markets reported results for the fiscal second quarter ending in February.

Revenue declined to $762.1 million from $862.7 million, net earnings jumped to $51.9 million from $33.4 million, and diluted earnings per share rose to $1.56 from $1.033 a year ago.

The dividend in the quarter was 30 cents per share, unchanged from a year earlier.

The company lowered its guidance for fiscal 2025 and expects revenue to be between $3.15 billion and $3.35 billion, compared to $3.54 billion in 2024 and compared to its previous estimate of $3.35 billion to $3.65 billion.

Greenbrier increased its quarterly dividend by 7% to 32 cents per share, payable on May 13 to shareholders on record as of April 22, representing the 44th consecutive quarterly dividend.

The company guided for a lower number of railcar deliveries in 2025, now expecting deliveries to be between 21,500 and 23,500 units, compared to 23,700 in 2024, and compared to the company’s previous forecast for 22,500 to 25,000 units.

Dave & Buster’s Entertainment Inc. gained 1.5% to $16.43 after the entertainment and dining company reported results for the fiscal fourth quarter of 2024 ending in February.

Revenue edged down to $534.5 million from $599.1 million, net income slumped to $9.3 million from $36.2 million, and diluted earnings per share dropped to 24 cents from 88 cents a year ago.

Comparable store sales decreased 9.4% in the quarter and 7.2% in the full year 2024.

The company opened five new stores in the fourth quarter.

For the full year, revenue declined to $2.13 billion from $2.20 billion, net income dropped to $58.3 million from $126.9 million, and diluted earnings per share fell to $1.46 from $2.88 a year earlier.

The company repurchased approximately 5 million shares in fiscal 2024, totaling $172.0 million, and one million shares to date in 2025, totaling $23.9 million.

As of April 7, the remaining share repurchase authorization is approximately $104 million.

U.S. Movers: Dave & Buster’s Entertainment, Greenbrier, Levi Strauss

Levi Strauss & Co. surged 7.4% to $14.50 after the apparel and jeans company reported results for the fiscal first quarter of 2025 ending in March.

Revenue edged up to $1.53 billion from $1.48 billion, net income came in at $135.0 million compared to a loss of $10.6 million, and diluted earnings per share were 34 cents compared to a loss of 3 cents a year ago.

The company returned approximately $81 million to shareholders in the first quarter, a 12% increase over the prior year, including dividends of $51 million and share repurchases of $30 million.

As of March 2, Levi’s had $560 million remaining under its current share repurchase authorization, which has no expiration date.

The company proposed a cash dividend of 13 cents per share, totaling approximately $51 million, payable on May 9 to shareholders on record as of April 24.

Excluding the impact from the recently announced tariffs, the company guided for fiscal 2025 organic net revenue growth to be between 3.5% and 4.5%, reported net revenue down 1% to 2%, compared to $6.35 billion in 2024, and adjusted earnings per share between $1.20 and $1.25, compared to $1.25 in 2024.

Greenbrier Companies Inc. dropped 4.7% to $42.63 after the supplier of equipment and services to the freight transportation markets reported results for the fiscal second quarter ending in February.

Revenue declined to $762.1 million from $862.7 million, net earnings jumped to $51.9 million from $33.4 million, and diluted earnings per share rose to $1.56 from $1.033 a year ago.

The dividend in the quarter was 30 cents per share, unchanged from a year earlier.

The company lowered its guidance for fiscal 2025 and expects revenue to be between $3.15 billion and $3.35 billion, compared to $3.54 billion in 2024 and compared to its previous estimate of $3.35 billion to $3.65 billion.

Greenbrier increased its quarterly dividend by 7% to 32 cents per share, payable on May 13 to shareholders on record as of April 22, representing the 44th consecutive quarterly dividend.

The company guided for a lower number of railcar deliveries in 2025, now expecting deliveries to be between 21,500 and 23,500 units, compared to 23,700 in 2024, and compared to the company’s previous forecast for 22,500 to 25,000 units.

Dave & Buster’s Entertainment Inc. gained 1.5% to $16.43 after the entertainment and dining company reported results for the fiscal fourth quarter of 2024 ending in February.

Revenue edged down to $534.5 million from $599.1 million, net income slumped to $9.3 million from $36.2 million, and diluted earnings per share dropped to 24 cents from 88 cents a year ago.

Comparable store sales decreased 9.4% in the quarter and 7.2% in the full year 2024.

The company opened five new stores in the fourth quarter.

For the full year, revenue declined to $2.13 billion from $2.20 billion, net income dropped to $58.3 million from $126.9 million, and diluted earnings per share fell to $1.46 from $2.88 a year earlier.

The company repurchased approximately 5 million shares in fiscal 2024, totaling $172.0 million, and one million shares to date in 2025, totaling $23.9 million.

As of April 7, the remaining share repurchase authorization is approximately $104 million.

India Movers: Alok Industries, D B Corp, Digicontent, Khaitan Chemicals, Wipro, Vinyl Chemicals, ICICI Lombard, Aether Industries

Alok Industries Limited rose 2% to ₹15.25 despite the textile manufacturer reporting a 31% decline in revenue and a net loss expanded in the December quarter.

Consolidated revenue declined to ₹870.6 crore from ₹1,253 crore, net loss expanded to ₹273 crore from ₹229.9 crore, and diluted losses per share advanced to 55 paisa from 46 paisa a year ago.

D B Corp Ltd. gained 2.5% to ₹227.25 despite the newspaper publishing a report of a marginal decline in net income and revenue in the December quarter.

Consolidated revenue declined to ₹655.6 crore from ₹664.7 crore, after-tax profit decreased to ₹118.2 crore from ₹124 crore, and diluted earnings per share fell to ₹6.63 from ₹6.95 a year ago.

Digicontent Limited fell 3.3% to ₹38 despite the digital content company's net income swinging to a profit in the December quarter.

Consolidated revenue advanced to ₹111.7 crore from ₹108.6 crore, net income swung to a profit of ₹6.6 crore from a loss of ₹5.5 crore, and diluted earnings per share rose to an income of ₹1.13 from a loss of 10 paise a year ago.

Wipro Limited jumped 0.7% to ₹244.55 after the tech services company reported a 25% rise in its earnings in the latest quarter.

Consolidated revenue advanced to ₹2,332.3 crore from ₹2,280.3 crore, net income jumped to ₹336.7 crore from ₹270.1 crore, and diluted earnings per share rose to ₹3.20 from ₹2.58 a year ago.

The company's board recommended a final dividend of ₹6 per share.

Vinyl Chemicals (India) Ltd. rose 3.4% to ₹275.25 despite the chemical trading company reporting a 29% decline in profit in the December quarter.

Consolidated revenue declined to ₹149.4 crore from ₹159.7 crore, after-tax profit decreased to ₹5 crore from ₹7 crore, and diluted earnings per share fell to ₹2.74 from ₹3.79 a year ago.

ICICI Lombard General Insurance Company Ltd. advanced 0.4% to ₹1,751.20 after the insurance company reported a 68% jump in its earnings in the December quarter.

Consolidated revenue advanced to ₹5,882.8 crore from ₹5,004.2 crore, net income jumped to ₹724.1 crore from ₹431.5 crore, and diluted earnings per share rose to ₹14.48 from ₹8.73 a year ago.

Aether Industries Limited increased 1% to ₹814.25 after the maker of specialty and intermediate chemicals reported a two-and-a-half-fold increase in earnings in the December quarter.

Consolidated revenue increased to ₹233.3 crore from ₹166.6 crore, after-tax profit jumped to ₹433.9 crore from ₹174.3 crore, and diluted earnings per share rose to ₹3.27 from ₹1.32 a year ago.

Khaitan Chemicals & Fertilizers Ltd. inched higher 1.8% to ₹47.14 after the fertilizer maker reported a 55% increase in revenue and net income swung to a profit in the December quarter.

Consolidated revenue advanced to ₹199 crore from ₹128.3 crore, net income swung to a profit of ₹12.6 crore from a loss of ₹27 crore, and diluted earnings per share rose to an income of ₹1.29 from a loss of ₹2.78 a year ago.

India Movers: Alok Industries, D B Corp, Digicontent, Khaitan Chemicals, Wipro, Vinyl Chemicals, ICICI Lombard, Aether Industries

Alok Industries Limited rose 2% to ₹15.25 despite the textile manufacturer reporting a 31% decline in revenue and a net loss expanded in the December quarter.

Consolidated revenue declined to ₹870.6 crore from ₹1,253 crore, net loss expanded to ₹273 crore from ₹229.9 crore, and diluted losses per share advanced to 55 paisa from 46 paisa a year ago.

D B Corp Ltd. gained 2.5% to ₹227.25 despite the newspaper publishing a report of a marginal decline in net income and revenue in the December quarter.

Consolidated revenue declined to ₹655.6 crore from ₹664.7 crore, after-tax profit decreased to ₹118.2 crore from ₹124 crore, and diluted earnings per share fell to ₹6.63 from ₹6.95 a year ago.

Digicontent Limited fell 3.3% to ₹38 despite the digital content company's net income swinging to a profit in the December quarter.

Consolidated revenue advanced to ₹111.7 crore from ₹108.6 crore, net income swung to a profit of ₹6.6 crore from a loss of ₹5.5 crore, and diluted earnings per share rose to an income of ₹1.13 from a loss of 10 paise a year ago.

Wipro Limited jumped 0.7% to ₹244.55 after the tech services company reported a 25% rise in its earnings in the latest quarter.

Consolidated revenue advanced to ₹2,332.3 crore from ₹2,280.3 crore, net income jumped to ₹336.7 crore from ₹270.1 crore, and diluted earnings per share rose to ₹3.20 from ₹2.58 a year ago.

The company's board recommended a final dividend of ₹6 per share.

Vinyl Chemicals (India) Ltd. rose 3.4% to ₹275.25 despite the chemical trading company reporting a 29% decline in profit in the December quarter.

Consolidated revenue declined to ₹149.4 crore from ₹159.7 crore, after-tax profit decreased to ₹5 crore from ₹7 crore, and diluted earnings per share fell to ₹2.74 from ₹3.79 a year ago.

ICICI Lombard General Insurance Company Ltd. advanced 0.4% to ₹1,751.20 after the insurance company reported a 68% jump in its earnings in the December quarter.

Consolidated revenue advanced to ₹5,882.8 crore from ₹5,004.2 crore, net income jumped to ₹724.1 crore from ₹431.5 crore, and diluted earnings per share rose to ₹14.48 from ₹8.73 a year ago.

Aether Industries Limited increased 1% to ₹814.25 after the maker of specialty and intermediate chemicals reported a two-and-a-half-fold increase in earnings in the December quarter.

Consolidated revenue increased to ₹233.3 crore from ₹166.6 crore, after-tax profit jumped to ₹433.9 crore from ₹174.3 crore, and diluted earnings per share rose to ₹3.27 from ₹1.32 a year ago.

Khaitan Chemicals & Fertilizers Ltd. inched higher 1.8% to ₹47.14 after the fertilizer maker reported a 55% increase in revenue and net income swung to a profit in the December quarter.

Consolidated revenue advanced to ₹199 crore from ₹128.3 crore, net income swung to a profit of ₹12.6 crore from a loss of ₹27 crore, and diluted earnings per share rose to an income of ₹1.29 from a loss of ₹2.78 a year ago.

U.S.-Japan Trade Negotiations Raise Lower Tariff Hopes for Japanese Goods

Japan's market indexes rebounded after the U.S. agreed to start trade negotiations.

The Nikkei 225 Stock Average soared more than 5%, and the TOPIX index advanced 6%, as investors pinned their hopes on a possible decrease in U.S. import taxes following the trade negotiations. 

U.S. President and Japan's Prime Minister Shigeru Ishiba agreed to start high-level trade negotiations as early as next week, which could lead to lower import taxes on Japanese goods. 

However, tensions remained high after Donald Trump threatened to slap additional duties of 50% on Chinese goods following Beijing's 34% tariff on U.S. goods.

The yen strengthened to 147.40 against the U.S. dollar and the yield on 10-year Japanese bonds to 1.23%, rebounding from a three-month low, as investors continued to seek safety and stability. 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average surged 5.5% to 32,867.64, and the broader Topix index gained 6% to 2,425.03. 

Banks, retailers, and heavy engineering companies led gainers in Tokyo trading. 

Mitsubishi UFJ Financial Group soared 10.5% to ¥1,656.50, Sumitomo Financial Group added 10.9% to ¥3,182.0, and Mizuho Financial Group surged 13% to ¥3,316.0.

Seven & I Holding increased 3.9% to ¥1,922.50, Takashimaya Co. Ltd. soared 8.4% to ¥1,109.0, and Fast Retailing advanced 5.2% to ¥43,810.0.

IHI Corp. soared 10.6% to ¥9,764.0, Kawasaki Heavy Industries jumped 11.5% to ¥6,891.0, and Mitsubishi Heavy Industries surged 11.9% to ¥2,312.0.

Japan- U.S. Trade Negotiations Raise Hopes for Lower Tariff for Japanese Goods

Japan's market indexes rebounded after the U.S. agreed to start trade negotiations.

The Nikkei 225 Stock Average soared more than 5%, and the TOPIX index advanced 6%, as investors pinned their hopes on a possible decrease in U.S. import taxes following the trade negotiations. 

U.S. President and Japan's Prime Minister Shigeru Ishiba agreed to start high-level trade negotiations as early as next week, which could lead to lower import taxes on Japanese goods. 

However, tensions remained high after Donald Trump threatened to slap additional duties of 50% on Chinese goods following Beijing's 34% tariff on U.S. goods.

The yen strengthened to 147.40 against the U.S. dollar and the yield on 10-year Japanese bonds to 1.23%, rebounding from a three-month low, as investors continued to seek safety and stability. 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average surged 5.5% to 32,867.64, and the broader Topix index gained 6% to 2,425.03. 

Banks, retailers, and heavy engineering companies led gainers in Tokyo trading. 

Mitsubishi UFJ Financial Group soared 10.5% to ¥1,656.50, Sumitomo Financial Group added 10.9% to ¥3,182.0, and Mizuho Financial Group surged 13% to ¥3,316.0.

Seven & I Holding increased 3.9% to ¥1,922.50, Takashimaya Co. Ltd. soared 8.4% to ¥1,109.0, and Fast Retailing advanced 5.2% to ¥43,810.0.

IHI Corp. soared 10.6% to ¥9,764.0, Kawasaki Heavy Industries jumped 11.5% to ¥6,891.0, and Mitsubishi Heavy Industries surged 11.9% to ¥2,312.0.