US equity markets jumped yesterday, after President Trump softens stand on China

US equity markets jumped sharply yesterday, after the losses of the previous day. This, after US President adopted a more conciliatory tone towards China. His tone implied that he is aware of the adverse economic consequences for both US and China if the trade war between them escalates.

Nasdaq ended the day, yesterday, 13^th October, up by 490.18 points or 2.21%. Dow Jones ended the day, up by 587.98 points or 1.29%. S&P 500 ended the day, up by 102.21 points or 1.56%. Broadcom’s stock price jumped by 9.88% to $356.70 after OpenAI announced that it will buy 10 Gigawatts artificial intelligence chips from Broadcom.

European markets also ended in green

European markets also ended the day in green, yesterday. Euro Stoxx 50 ended the day, up by 36.87 points or 0.67%. Dax ended the day, up by 146.47 points or 0.60%. FTSE 100 ended the day, up by 15.40 points or 0.16%.

Nikkei crashes as Takaichi’s election as next PM at risk

Nikkei 225 is sharply down today. At 9 a.m. 14^th October, 2025 it is down by 568.23 points or 1.18%. This, after one of the coalition partners of the ruling Liberal Democratic Party withdrew its support. This has put at risk the election of Sanae Takaichi as the next Prime Minister of Japan.

Hang Seng is down by 125.38 points or 0.48%. Shanghai Composite is up by 8.06 points or 0.21%. South Korean Kospi is up by 18.78 points or 0.52%.

Retail inflation in India in September stood at 1.54%. This is the lowest level of inflation in the country in the past 8 years. This will increase expectations that RBI will go for an interest rate cut in its next monetary policy meeting.

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Source: Dow Jones