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[MARKET ANALYSIS] Global bourses surge as KOSPI briefly hits buy-side sidecar

The positive sentiment across global equity markets, driven by U.S.

Newsquawk StaffPublished On the live feed at — 2 more headlines followed before this page went public
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[MARKET ANALYSIS] Global bourses surge as KOSPI briefly hits buy-side sidecar

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  • Asia-Pac stocks trade entirely in the green, following on from the gains seen stateside and the positive update from President Trump, stating that Project Freedom is to be paused for a short time to see whether or not the agreement with Iran can be finalised and signed. 
  • ASX 200 nears last week’s peak of 8787, rebounding after two consecutive days of losses. The bounce is supported by Financials and Industrials, while Energy lags as oil prices fall.
  • KOSPI surged at the open, breaking the 7000 handle, and even activated the buy-side sidecar within the first 5 minutes of trade. Tech giants are helping the surge in the index, with Samsung Electronics (+11.5%) being the latest Co. to join the USD 1tln market cap group.
  • Shanghai Comp. and Hang Seng follow the positive risk-on tone as Shanghai returns from holidays. CK Hutchison gains after the Co. agreed to sell its 49% stake in VodafoneThree, while Wuliangye Yibin underperforms after a double downgrade at Goldman Sachs. On the data front, RatingDog services PMI beat estimates, further supporting the indices. 
  • US equity futures are firmer, with the NQ outperforming after AMD surged after-hours. The Co. beat its top-line metrics and Q2 revenue guidance while the data centre segment revenue surged by 57% Y/Y. 
  • European equity futures are indicative of a firmer open with the Euro Stoxx 50 future +0.8% after cash closed +1.8% on Tuesday.
Context

gains and supportive economic data like the services PMI beating estimates, indicates a strong risk-on environment. This uplift is significant for the growth outlook, as strong performances from major indices, including tech sectors, suggest potential for sustained momentum, which could influence central bank sentiment regarding interest rates and growth projections.

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