Global markets: Asian markets mixed; Hang Seng down 1.6%, Nekkei up 1.54%, US futures edge higher as Netflix surges post strong results

Global equity markets are trading on a mixed note amid persistent uncertainties over global policies. Asian stocks displayed varied performance, with China underperforming due to concerns over a possible 10% tariff imposition by the US starting February 1. Meanwhile, US stock futures gained after Wall Street’s rally yesterday, buoyed by investor optimism and strong earnings from Netflix.

Asian Market Overview

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  • Hang Seng (Hong Kong): The index faced significant pressure, dropping 321 points (-1.60%), as concerns over US-China trade tensions weighed heavily.
  • Nikkei (Japan): The Japanese market surged 602 points (+1.54%), supported by optimism over domestic corporate earnings and a weaker yen.
  • Taiex (Taiwan): The index jumped 334 points (+1.43%), driven by robust demand for semiconductor stocks.
  • Kospi (South Korea): South Korea’s Kospi advanced 17 points (+0.67%), tracking gains in technology shares.
  • Gift Nifty (India): India’s Gift Nifty rose 70 points (+0.30%), indicating a positive start for Indian equities.

US Market Outlook

US stock index futures edged higher as investors digested strong earnings reports:

  • Dow Futures: Up 26 points (+0.06%), signaling modest optimism.
  • Nasdaq Futures: Gained 126 points (+0.58%), fueled by Netflix’s post-earnings rally.
  • Netflix: The streaming giant reported stellar results, boosting sentiment in the tech-heavy Nasdaq index.

European Market Overview

  • DAX Futures (Germany): Rose 106 points (+0.50%), reflecting optimism in European equities.
  • FTSE Futures (UK): Added 15 points (+0.19%), supported by stable commodity prices and corporate earnings.

Market Sentiment

The global market remains sensitive to policy uncertainties and geopolitical developments. Investors are closely monitoring earnings reports, particularly in the US, as well as trade-related news from China and the US.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.