Market Update
Japan Indexes Rebounded, Iran and Israel Halted Missile Strikes
Akira Ito
24 Jun, 2025
Tokyo
Japan's stock market indexes rebounded from a three-day slide amid hopes of a temporary ceasefire in the Middle East.
The Nikkei 225 Stock Average gained 1%, and the broader Topix advanced 0.8% after Iran and Israel appeared to halt missile attacks amid rising casualties on both sides.
Crude oil prices dropped and extended a two-day decline to nearly 10% in Asia, as the prospect of global crude oil and natural gas supply disruption eased.
Market sentiment also recovered after the U.S. president appeared to walk away from his earlier announcements of supporting the fall of government in Iran.
For now, benchmark indexes in Japan and Asia rebounded in the hopes that crude oil prices will sink lower further amid stable supply from OPEC+ nations.
Japan Indexes and Stocks
The Nikkei 225 Stock Average gained 1% to 38,764.66, and the broader Topix increased 0.8% to 2,781.93.
Technology and vehicle makers dominated the most actively traded stocks list, as investors hoped for a possible trade deal ahead of the July 9 deadline.
Advantest Corp. jumped 1% to ¥9,806.0, Tokyo Electron gained 4.3% to ¥24,710.0, and Disco Corp. increased 3% to ¥37,420.0.
Toyota Motor Corp. added 0.3% to ¥2,499.50, Honda Motor Corp. decreased 0.3% to ¥1,400.50, and Nissan Motor Corp. decreased 0.6% to ¥343.20.
Shipping companies lacked direction amid elevated tensions in the Middle East, but a sharp jump in freight rates between Asia and the U.S. supported the case for higher annual earnings.
Nippon Yusen KK decreased 1.5% to ¥5,005.0, Mitsui O.S.K. Lines Ltd. decreased 2% to ¥4,703.0, and Kawasaki Kisen Kaisha Ltd. dropped 1.7% to ¥2,003.50.
In the year so far, shipping company stocks are down between 12% and 16%.
China Markets Rebounded 2% Following Prospects of an Iran-Israel Temporary Ceasefire
Li Chen
24 Jun, 2025
Hong Kong
China market indexes advanced on Tuesday, and energy prices turned lower amid expectations of a cooling of hostilities in the Middle East.
The Hang Seng index jumped over 2%, and the mainland-focused CSI 300 index advanced 1% after the U.S. president claimed that Iran and Israel had agreed to a temporary ceasefire.
Donald Trump's could not be verified, and his previous assertions about the India-Pakistan ceasefire have proven to be misleading and inaccurate.
For now, crude oil prices dropped, extending a two-day drop to 10% as the prospects of a global crude oil supply disruption receded.
Benchmark indexes in Tokyo, Seoul, Mumbai, and Sydney headed higher amid hopes of a temporary ceasefire in the Middle East.
China Indexes and Stocks
The Hang Seng Index soared 2.2% to 24,177.98, and the mainland-focused CSI 300 index advanced 1.1% to 3,899.85.
Li Auto Inc. jumped 4.8% to HK $112.80, BYD gained 3.4% to HK $130.50, and Dongfeng Motor Group advanced 0.9% to HK $3.44.
CNOOC Ltd. declined 0.9% to HK $17.92, PetroChina decreased 0.6% to HK $6.67, and China Petroleum and Chemical added 1.2% to HK $4.09.
Alibaba Group advanced 1.9% to HK $113.0, Meituan gained 1% to HK $132.80, and Tencent Holdings gained 0.8% to HK $508.0.
China Markets Rebounded 2% After Rising Prospects of a Temporary Ceasefire Between Iran and Israel
Li Chen
24 Jun, 2025
Hong Kong
China market indexes advanced on Tuesday, and energy prices turned lower amid expectations of a cooling of hostilities in the Middle East.
The Hang Seng index jumped over 2%, and the mainland-focused CSI 300 index advanced 1% after the U.S. president claimed that Iran and Israel had agreed to a temporary ceasefire.
Donald Trump's could not be verified, and his previous assertions about the India-Pakistan ceasefire have proven to be misleading and inaccurate.
For now, crude oil prices dropped, extending a two-day drop to 10% as the prospects of a global crude oil supply disruption receded.
Benchmark indexes in Tokyo, Seoul, Mumbai, and Sydney headed higher amid hopes of a temporary ceasefire in the Middle East.
China Indexes and Stocks
The Hang Seng Index soared 2.2% to 24,177.98, and the mainland-focused CSI 300 index advanced 1.1% to 3,899.85.
Li Auto Inc. jumped 4.8% to HK $112.80, BYD gained 3.4% to HK $130.50, and Dongfeng Motor Group advanced 0.9% to HK $3.44.
CNOOC Ltd. declined 0.9% to HK $17.92, PetroChina decreased 0.6% to HK $6.67, and China Petroleum and Chemical added 1.2% to HK $4.09.
Alibaba Group advanced 1.9% to HK $113.0, Meituan gained 1% to HK $132.80, and Tencent Holdings gained 0.8% to HK $508.0.
U.S. Movers: FactSet Research Systems
Scott Peters
23 Jun, 2025
New York City
FactSet Research Systems Inc. gained 3.7% to $438.01 after the investment data and information solutions reported results for the fiscal third quarter ending on May 31.
Revenue increased to $585.5 million from $552.7 million, net income edged down to $148.5 million from $158.1 million, and diluted earnings per share declined to $3.87 from $4.09 a year ago.
Client count as of May 31 was 8,811, a net increase of 166 clients in the past three months, driven by hedge fund, corporate, and wealth management clients, and now includes clients from the LiquidityBook acquisition.
The data provider guided full-year revenue to be between $2.30 billion and $2.32 billion, compared to $2.20 billion, and diluted earnings per share between $14.80 and $15.40, compared to $13.91 a year earlier, respectively.
During the quarter, the company repurchased $80.7 million worth of its own stock, and $106.2 million remained available for share repurchases.
On June 17, the company’s board approved a new share repurchase authorization of up to $400 million, which will be available on September 1.
U.S. Movers: FactSet Research Systems
Scott Peters
23 Jun, 2025
New York City
FactSet Research Systems Inc. gained 3.7% to $438.01 after the investment data and information solutions reported results for the fiscal third quarter ending on May 31.
Revenue increased to $585.5 million from $552.7 million, net income edged down to $148.5 million from $158.1 million, and diluted earnings per share declined to $3.87 from $4.09 a year ago.
Client count as of May 31 was 8,811, a net increase of 166 clients in the past three months, driven by hedge fund, corporate, and wealth management clients, and now includes clients from the LiquidityBook acquisition.
The data provider guided full-year revenue to be between $2.30 billion and $2.32 billion, compared to $2.20 billion, and diluted earnings per share between $14.80 and $15.40, compared to $13.91 a year earlier, respectively.
During the quarter, the company repurchased $80.7 million worth of its own stock, and $106.2 million remained available for share repurchases.
On June 17, the company’s board approved a new share repurchase authorization of up to $400 million, which will be available on September 1.
U.S. Stocks and Energy Markets Remain Calm Despite the U.S. Joining Israel's War On Iran
Barry Adams
23 Jun, 2025
New York City
Wall Street indexes wavered around the flatline on Monday as investors assessed the tame oil market's response to the U.S. strike on Iran's nuclear sites.
The S&P 500 index edged up a fraction, and the tech-heavy Nasdaq Composite edged down a fraction, and crude oil inched higher by 2% in New York after rising as much as 6% in London trading.
U.S. officials confirmed three strikes on Iran's nuclear facilities and joined Israel's war on Iran.
However, military experts in the Middle East voiced skepticism about the effectiveness of such a strike and its impact on Iran's government.
Iran vowed to respond, and the country's parliament approved the blocking of the Strait of Hormuz, which could play a role in disrupting global energy supply.
Despite rising tensions in the Middle East, oil markets remained relatively calm, and crude oil futures struggled to rise to a six-month high.
European markets edged down 0.6%, and markets in Asia closed mixed as traders awaited Iran's response to the latest U.S. attacks.
Iran's ability to strike back is severely hampered as its key military ally, Russia, is struggling with its own war in Ukraine.
Moreover, China is unwilling to be drawn into an open conflict with the U.S. and Israel and provide direct support to Iran because the second-largest economy is dependent upon exports to the U.S. markets and the U.S. dollar payment system.
The combined military power of the U.S. and Israel far outweighs Iran's military capabilities.
Despite the U.S. and Israel's military superiority, the region's experts point to NATO's failed war in Afghanistan, which led to the replacement of one Taliban government with another Taliban government after two decades of war and more than $2 trillion of spending.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.3% to 5,984.11, the Nasdaq Composite edged up 0.1% to 19,470.54, and the Russell 2000 index declined 0.5% to 2,098.65.
The yield on 2-year Treasury notes edged lower to 3.90%, 10-year Treasury notes decreased to 4.34%, and 30-year Treasury bonds declined to 4.87%.
WTI crude oil decreased $0.48 to $73.58 a barrel, and natural gas prices edged lower by $0.14 to $3.75 a thermal unit.
Gold increased by $9.36 to $3,378.34 an ounce, and silver edged up by $0.17 to $36.17.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased by 0.56 to 99.27 and traded at the lowest level since April 2022.
U.S. Stock Movers
Defense stocks advanced following the U.S. attacks on Iran's nuclear sites.
L3Harris Technologies Inc. added 1% to $252.09, Northrop Grumman Corp. advanced 1.1% to $503.14, RTX Corp. jumped 1.9% to $149.54, and Lockheed Martin Corp. edged up 0.7% to $473.70.
Energy complex stocks traded sideways, and investors focused on ample global supply of crude oil amid Iran's threats of closing the Strait of Hormuz.
Exxon Mobil Corp. gained 1.5% to $116.39, Chevron Corp. increased 1.3% to $151.50, ConocoPhillips advanced 1.4% to $96.0, and EOG Resources added 2% to $127.88.
U.S. Stocks and Energy Markets Remain Calm Despite the U.S. Joining Israel's War On Iran
Barry Adams
23 Jun, 2025
New York City
Wall Street indexes wavered around the flatline on Monday as investors assessed the tame oil market's response to the U.S. strike on Iran's nuclear sites.
The S&P 500 index edged up a fraction, and the tech-heavy Nasdaq Composite edged down a fraction, and crude oil inched higher by 2% in New York after rising as much as 6% in London trading.
U.S. officials confirmed three strikes on Iran's nuclear facilities and joined Israel's war on Iran.
However, military experts in the Middle East voiced skepticism about the effectiveness of such a strike and its impact on Iran's government.
Iran vowed to respond, and the country's parliament approved the blocking of the Strait of Hormuz, which could play a role in disrupting global energy supply.
Despite rising tensions in the Middle East, oil markets remained relatively calm, and crude oil futures struggled to rise to a six-month high.
European markets edged down 0.6%, and markets in Asia closed mixed as traders awaited Iran's response to the latest U.S. attacks.
Iran's ability to strike back is severely hampered as its key military ally, Russia, is struggling with its own war in Ukraine.
Moreover, China is unwilling to be drawn into an open conflict with the U.S. and Israel and provide direct support to Iran because the second-largest economy is dependent upon exports to the U.S. markets and the U.S. dollar payment system.
The combined military power of the U.S. and Israel far outweighs Iran's military capabilities.
Despite the U.S. and Israel's military superiority, the region's experts point to NATO's failed war in Afghanistan, which led to the replacement of one Taliban government with another Taliban government after two decades of war and more than $2 trillion of spending.
U.S. Stock Movers
Defense stocks advanced following the U.S. attacks on Iran's nuclear sites.
L3Harris Technologies Inc. added 1% to $252.09, Northrop Grumman Corp. advanced 1.1% to $503.14, RTX Corp. jumped 1.9% to $149.54, and Lockheed Martin Corp. edged up 0.7% to $473.70.
Energy complex stocks traded sideways, and investors focused on ample global supply of crude oil amid Iran's threats of closing the Strait of Hormuz.
Exxon Mobil Corp. gained 1.5% to $116.39, Chevron Corp. increased 1.3% to $151.50, ConocoPhillips advanced 1.4% to $96.0, and EOG Resources added 2% to $127.88.