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Stocks Surge as Asia-Pacific, Wall Street Rally Ahead of Key Q1 Earnings
24 Jul
Summary
- Asia-Pacific markets trading higher, buoyed by US-Japan trade deal
- S&P 500, Dow, and Nasdaq hit record highs on Wall Street
- Investors await Q1 results from Infosys, Dr Reddy's, and other major firms
On July 24, 2025, Asia-Pacific markets traded higher, buoyed by positive trade developments between the US and Japan, as well as encouraging signs of progress in talks with the European Union. Investor sentiment was further lifted by a strong overnight performance on Wall Street.
The Topix index in Japan rose 1.2% to a record high, while the Nikkei gained 1.09%, building on the previous day's gains after the announcement of a trade agreement with the US. South Korea's Kospi advanced 1.6%, and Australia's ASX 200 traded flat.
On Wall Street, the S&P 500 posted its third consecutive record close, rising 0.78% to end at 6,358.91, marking its 12th record finish this year. The Dow Jones Industrial Average jumped 507.85 points, or 1.14%, to close at 45,010.29, and the Nasdaq Composite gained 0.61% to settle at a new all-time high of 21,020.02.
Investors are now focused on the upcoming Q1 earnings reports from key companies, including Infosys, Dr Reddy's, Tata Consumer Products, Bajaj Housing Finance, and Persistent Systems, among others. These results are expected to influence the performance of the Indian benchmarks, Sensex and Nifty, on the day.
