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Japan
NZX Midday Sector Update: Distribution Services Rises, Electronic Technology Sector Struggles
Distribution services stocks advanced over 3% at midday Wednesday.Vulcan Steel (NZE:VSL, ASX:VSL) gained almost 3% in recent trade.On the flip side, the electronic technology sector struggled, shedding nearly 2%.ikeGPS Group (ASX:IKE, NZE:IKE) shares fell past 1% in recent trade.The company on Wednesday reported fiscal first-quarter revenue of around NZ$6.4 million, unchanged from a year earlier, reflecting interim softness in one-off and lower-margin services revenue.
^NZ50ASX:IKEASX:VSLNZE:IKENZE:VSL
Japan
US Equity Markets Mixed as Oil Drops, Chip Shares Slide
US equity indexes were mixed Tuesday as crude oil prices fell and semiconductor stocks led a pullback in technology shares.* President Donald Trump said talks with Iran were continuing but again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's military said any ships belonging to a country or company using frozen Iranian assets will be blocked from transiting the Strait of Hormuz, CNN said, citing Iranian state media.* The Conference Board's measure of consumer confidence decreased to 90.8 in July from 92.2 in June, below the 92.4 expected in a Bloomberg survey.* The Case-Shiller National Home Price Index rose 0.6% in May after a 0.8% increase in April, before seasonal adjustment. National home prices rose 1.1% after a 0.9% gain in April.* September West Texas Intermediate crude oil fell $3.54 to settle at $79.07 per barrel, while September Brent crude, the global benchmark, was last seen down $4.58 at $83.78.* IQVIA Holdings (IQV) shares rose 14%, the top gainer on the S&P 500, after the company reported an increase in Q2 adjusted earnings and revenue and raised its 2026 outlook.* Corning (GLW) shares fell 12%, the second-biggest drop on the S&P, after the company reported Q2 results and set guidance for Q3.
Dow JonesNasdaq CompositeS&P 500$GLW$IQV
Japan
Update: US Equity Indexes Mixed as Semiconductor Heavyweights Restrain Nasdaq
(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed as a slide in chipmakers pushed technology lower, weighing on the Nasdaq Composite and undermining the positive impact of sinking crude oil prices.The Dow Jones Industrial Average jumped 1.1% to 52,802.1, with the S&P 500 up 0.4% to 7,441.4 ahead of Tuesday's close. The tech-heavy Nasdaq Composite was little changed at 24,929.2.Energy, technology, and industrials were the sole decliners while healthcare, materials, and consumer staples topped the gainers.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell 2.7%. Among companies with a market capitalization of more than $200 billion, eight of the 10 worst performers were from the semiconductors and semiconductor equipment and materials industries, according to data compiled by Finviz.Shares of Corning (GLW) sank 13%, the second-worst performer on the S&P 500, after the company reported Q2 results and set guidance for the next quarter.In geopolitical news, President Donald Trump said talks with Iran were continuing but again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's foreign ministry spokesman, Esmaeil Baghaei, said Tehran was not negotiating with the US but added that "intermediaries may convey messages from the American side to us regarding ongoing developments in the region," Al Jazeera, a Middle East broadcaster, reported.Iran's military said any ships belonging to a country or company using frozen Iranian assets will be blocked from transiting the Strait of Hormuz, CNN cited Iranian state media.Front-month US West Texas Intermediate slumped 4.2% to $79.12 a barrel, and global benchmark North Sea Brent dropped 5% to $83.94 a barrel.US Treasury yields fell, with the 10-year down 4.1 basis points to 4.6% and the two-year lower by 4.8 basis points to 4.28%.
Dow JonesNasdaq CompositeS&P 500$GLW$SMH