Global Market : Selling is being seen in Asian markets. On the other hand, US INDICES closed at record high on expectations of a trade deal between America and China. The S&P500 index closed near the 6900 level. UBS says S&P500 7300 is possible by June 2026. Nasdaq rises on rally in semiconductor stocks. 7 big tech stocks saw a rise of about 3%. However, US rare earth stocks showed pressure yesterday. There was pressure in the shares after Scott Besant’s statement. Besant had said that China will postpone the export ban for one year.
Expectations increased from Trump-Xi meeting
Investors are excited by the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping. Trump said – “I have great respect for President Xi. I am sure that we will come out of this meeting with a good deal. The hope of reducing trade tensions between the two countries has brought new energy to the markets.
US President Donald Trump and Japan’s new Prime Minister Sanae Takaichi are scheduled to meet in Tokyo on Tuesday. Trump arrived in Tokyo on Monday and met Emperor Naruhito. This is considered an important diplomatic moment for Takaichi as she is the first female Prime Minister of Japan and this will be her first international meeting.
Investors are hoping that this meeting could discuss US-Japan trade relations and defense cooperation. Besides, the issue of competition in the technical field may also arise.
Qualcomm saw a rise
Share prices reached record levels yesterday. The company will launch AI accelerator chip. Will launch chip for AI inference market. Earlier the company’s focus was not on data center but now the company is competing with Nvidia and AMD. Sales of AI 200 chip will start from 2026. Sales of AI 250 chip will start from 2027.
NXP Semiconductor Q3
The company presented better results than expected. Supplies chips to automotive and industrial customers. Revenue in Q4 is expected to be $3.2-3.4 billion. The company hopes to end the oversupply of automotive chips.
Asian market
If we look at Asian indices, Gift Nifty is seen at the level of 26,053.50 with an increase of 37.50 points or 0.14 percent. At the same time, Nikkei is seen at the level of 50,420 with a weakness of 88.32 points or 0.17 percent. Hang Seng is seen at the level of 26,420 with a weakness of 8.70 points or 0.03 percent. Taiwan market is trading with an increase of 90.76 points or 0.32 percent. Kospi is trading with a weakness of 0.98 percent. Shanghai Composite is also in the red with a slight decline.