Asian stocks fall as higher crude prices put pressure on market

Asian stocks fell on tech sell-off, oil prices rose on West Asia conflict fears. Topix slid 1.33%, Nikkei tumbled 2.33%. Brent crude above $100. Gold fell 2%.

Asian stocks fell on tech sell-off, oil prices rose on West Asia conflict fears. Topix slid 1.33%, Nikkei tumbled 2.33%. Brent crude above $100. Gold fell 2%.

Looking ahead, Meesho said it plans to increase spending on new-user acquisition from the second quarter. It also said its flagship shopping event, the Meesho Mega Blockbuster Sale, will be held in Q3 this year, compared with Q2 last year.

Japan’s main inflation indicator rose for the first time in three months, up 1.6% in June. The BOJ is still expected to raise interest rates this year despite yen’s decline.

Q1 Results LIVE Updates: SBI Life, Shriram Finance Tata Consumer Products, NTPC, ACC, Atul, Bank of Baroda, Apar Industries, CG Power, CreditAccess Grameen, CONCOR, DCB Bank, Dalmia Bharat, Greenply Industries, Jindal Steel, Dr Lal Pathplabs, Kfin Tech, New India Assurance,…

Mphasis also said its deal pipeline reached a record level, growing 8% sequentially and 28% year-on-year, with both a healthy backlog and shorter-duration deals expected to support future revenue growth.

Another highlight for the quarter was the recovery in Intel’s gross margins, which stood at 42%, way higher than the 2.5% it reported during the year ago quarter. Benefits of scale with more revenue and higher prices of chips were…

Tesla shares fell 14.5% to close at their lowest level since March 2025, while Alphabet, the Google-parent, fell 7%. Both stocks fell after their respective earnings failed to cheer the street.

Shares of Orient Cement Ltd ended at ₹133.85, down by ₹3.10, or 2.26%, on the BSE.

Shares of Railtel Corporation of India Ltd ended at ₹289.50, down by ₹0.50, or 289.50%, on the BSE.

Shares of Aurobindo Pharma Ltd ended at ₹1,526.60, down by ₹6.35, or 0.41%, on the BSE.