Global markets today: Nikkei 225, Kospi trade higher on US Fed rate cut expectations next month
Japan's Nikkei 225 climbed 1 per cent after hitting a record high on Tuesday, while the broader Topix index gained 0.72 per cent.
In South Korea, the Kospi rose 1.07 per cent, and the small-cap Kosdaq advanced 0.88 per cent. Meanwhile, Australia's S&P/ASX 200 edged up 0.29 per cent.
Hong Kong's Hang Seng index futures were at 25,144, indicating a higher opening versus the previous HSI close of 24,969.68.
US stock benchmarks — the S&P 500 and Nasdaq — closed at record highs on Tuesday after data showing July inflation matched expectations boosted hopes for a Federal Reserve interest rate cut next month.
According to the Labor Department, the Consumer Price Index (CPI) increased 0.2 per cent month-on-month in July, while the annual rate came in slightly below estimates, prompting US President Donald Trump to call for lower interest rates.
The Dow Jones Industrial Average climbed 483.52 points, or 1.10 per cent, to 44,458.61. The S&P 500 added 72.31 points, or 1.13 per cent, to 6,445.76, and the Nasdaq Composite jumped 296.50 points, or 1.39 per cent, to 21,681.90.
The U.S. and China provided relief by extending their tariff ceasefire until November 10, preventing the imposition of triple-digit tariffs on each other's goods.
In recent weeks, U.S. equities have gained momentum, supported by robust tech earnings, reduced trade frictions, and growing expectations of interest rate cuts.
(With inputs from agencies)
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
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Mint
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News18
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S&P says India's GDP likely to grow 6.5% in FY26 despite 50% US duty on Russian oil-linked imports. India's economy is unlikely to face a major slowdown despite higher US tariffs, S&P Global Ratings said on Wednesday, August 13, nearly a week after a 25 percent duty on Indian goods came into effect and American President Donald Trump announced an additional 25 percent levy linked to Russian oil imports. 'We don't think tariffs imposed on India would have much of an impact on economic growth," said YeeFarn Phua, director for sovereign and international public finance ratings, Asia, at S&P Global Ratings, according to a report by Moneycontrol. The agency expects India's GDP to grow 6.5 percent in FY26. Phua told Moneycontrol that exemptions for electronics, especially smartphones and pharmaceuticals will cushion the impact, while India's export exposure to the US is modest at around 2 percent of GDP. Analysts also point to the country's large domestic market as a continued draw for investors, even under higher tariff regimes. India exported goods worth $86.5 billion to the US in FY25, with about 55 percent of this trade at risk from the new duties. The remainder falls under exemption or exclusion categories. The initial 25 percent US tariff is on top of most-favoured nation rates, while the Russia-linked penalty, which doubles tariffs to 50 percent on imports from countries buying Russian oil, will be applicable from August 27, putting India among the most tariffed nations alongside Brazil. An analysis by Moneycontrol estimated India's effective tariff rate at about 32 percent, more than double the Southeast Asian average. Their analysis highlighted that the government expects GDP growth to remain above 6 percent, aided by a favourable monsoon and stable crude oil prices. 'The positive outlook for India remains," Phua was quoted as saying. S&P sees the most pronounced tariff effects within one to two years but cautions that uncertainty could dampen investment sentiment for longer. 'Everyone would minimise their investment to relatively safe levels," said Kim Eng Tan, senior director for APAC sovereign ratings at S&P, while speaking to the outlet. view comments First Published: August 13, 2025, 21:51 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
