Stock market today: Live updates

Asia-Pacific markets closed lower Tuesday, with South Korea’s Kospi leading declines.

The Kospi closed 4.91% lower at 7,656.31. The Korea Exchange had earlier activated circuit breaker, pausing trading for 20 minutes, with the index falling more than 8% earlier in the day.

Japan’s Nikkei 225 dropped 2.12% to 68,256.96, while the Topix declined 0.97% to 4,062.26. Australia’s benchmark S&P/ASX 200 fell 0.31% to 8,803.90.

Hong Kong Hang Seng Index declined 0.51% to 23,496.89 and mainland China’s CSI 300 fell 1.03% to 4,792.26.

— Justina Lee

Saab stock jumped after NATO Secretary General Mark Rutte confirmed that the defense alliance would buy up to 10 reconnaissance aircraft from the Swedish plane maker. 

“This will ensure we keep NATO’s owned and operated surveillance and early warning capability strong and credible for decades to come,” Rutte said about Saab’s GlobalEye system, which will replace the alliance’s older Boeing fleet.

Saab said NATO will begin formal negotiations with Saab regarding the acquisition, but that it had not signed a contract or received an order related to the announcement. A deal value wasn’t communicated.

Shares of Saab rose 5.2% in Stockholm by mid-morning trading.

The announcement comes as world leaders meet in Ankara, Turkey, amid heavy pressure on governments to increase military budgets following last year’s landmark NATO agreement to spend 5% of GDP on defense and defense-related infrastructure by 2035.

— Elsa Ohlen

Tech stocks sold off in Europe in early trading on Tuesday, with the semiconductor pullback seen in the Asian session rippling into European markets.

At 8:20 a.m. in London (3:20 a.m. ET), Europe’s Stoxx 600 Tech index was 1.9% lower. French semiconductor materials maker Soitec‘s stock was last seen around 10% lower, while Be Semiconductor fell by 5%. Shares of Infineon, STMicro, ASML and ASMI were all more than 4% lower.

— Chloe Taylor

European shares were mixed on Tuesday, with no broad consensus movement seen across the continent’s indexes.

Twelve minutes into the trading session, the pan-European Stoxx 600 was marginally higher, with the index oscillating around the flatline in early dealmaking.

London’s FTSE 100 and the French CAC 40 were higher, while Germany’s DAX fell shortly after the open.

Shell hiked its integrated gas production guidance on Tuesday, but said output would still be markedly lower than it was in the first quarter due to the impact of the U.S.-Iran war.

The oil giant is scheduled to release its finalized second-quarter earnings in full on July 30.

Its outlook for second-quarter integrated gas production was raised to a range of 610,000 to 650,000 barrels of oil equivalent per day, from the guidance of 580,000 to 640,000 given to investors in May.

However, the upgraded range still marks a notable decline from the 909,000 barrels produced in the first quarter of the year. Shell said on Tuesday that the downturn “reflects the impact of the Middle East conflict on Qatari volumes.”

— Chloe Taylor

The South Korean exchange triggered circuit breaker for its main index Kospi, with trading halted for about 20 minutes after the index plunged.

Kospi fell more than 8%, while the small-cap Kosdaq lost over 3%. This is the sixth time that circuit breaker was activated this year, according to local media outlet Chosun.

The Kospi was pressured by index heavyweight Samsung which fell over 9% even as the tech giant forecast a record profit for the second quarter. SK Hynix also fell 10%, further pressuring the index.

—Justina Lee

Asian technology stocks sold off Tuesday, amid broad declines across regional markets.

South Korean tech stocks were one of the hardest hit. Kospi heavyweight Samsung fell 9% even as it forecast a record for the second quarter. Another index heavyweight SK Hynix dropped over 10%. Other tech-related names also came under pressure, with Samsung SDI down 3.88%, LG Display falling 3.40%.

In Japan, tech investor SoftBank Group also declined more than 4%. Advantest fell 2.76%, while Tokyo Electron was down over 4%. Murata Manufacturing, which makes electronic components, fell 8.62%. Fanuc, manufacturer of industrial robotics, lost 5.44%. 

In Taiwan, Apple supplier Hon Hai Precision Industry declined 2.27%, contract manufacturer Pegatron was down 2.60% and iPhone camera lens maker Largan Precision lost more than 6%. Chip giant Taiwan Semiconductor Manufacturing Co, or TSMC, fell 0.81%.

— Justina Lee

Shares of Kuaishou Technology dropped 9.6% Tuesday, after its major shareholder Tencent sold $1.5 billion stake, according to a Bloomberg report.

Tencent sold 273 million shares in the short-video company at 43.25 Hong Kong dollars, according to the report, a 6% discount to Kuaishou’s close on Monday.

Tencent earlier this month backed a $2.8 billion financing round for Kuaishou’s Kling AI.

—Justina Lee

Sapporo Breweries will form a joint venture with Carlsberg, as part of its efforts to strengthen its presence in the beer industry across Southeast Asia and Hong Kong.

Sapporo and Carlsberg will increase the scope of their partnership to additional markets including Laos, Vietnam and Cambodia.

The Japanese brewery will invest about $643 million to acquire a 25% equity stake, with the investment expected to generate returns of more than a 12%. Carlsberg will contribute its businesses in the relevant markets.

“Through this alliance, Sapporo aims to expand sales volume of its “Sapporo Premium Beer” in the target markets to approximately 10 times the 2025 level by 2035,” the company said, adding that the region’s beer market is expected to increase at an annual rate of approximately 5%.

Sapporo’s shares last traded 0.34% higher at 1,902 yen.

— Justina Lee

Oil rose Tuesday in early Asia trade amid concerns over renewed tensions in the Middle East after an oil tanker was hit near the Strait of Hormuz, with Axios reporting that Iran had resumed attacks in the strait.

Futures for international crude benchmark Brent for September delivery gained 0.63% to $72.45 a barrel. U.S. West Texas Intermediate futures for August advanced 0.57% to $68.94 per barrel.

British maritime security agency UKMTO on Tuesday said that an “unknown projectile” struck and caused a fire on an oil tanker off the coast of Oman near the Strait of Hormuz on Monday, raising concerns over ongoing efforts to secure a lasting peace agreement between the U.S. and Iran.

“Vessels are advised to transit with caution,” the UKMTO said.

—Justina Lee

Shares of South Korea’s Hanwha Ocean plunged about 23% Tuesday, after the company lost its bid to build Canada’s next fleet of submarines.

Canadian Prime Minister Mark Carney announced Monday that Germany’s Thyssenkrupp Marine Systems, or TKMS, would be the preferred supplier for the submarines. 

That is expected to be a setback to Hanwha Ocean, as the contract was estimated to be up to $100 billion over three decades, according to The Korea Times.

—Justina Lee

Samsung Electronics on Tuesday saw its shares slide 7% even as it forecast record second-quarter operating profit of 89.4 trillion won ($58.4 billion), topping analyst estimates.

Operating profit from the same period a year earlier was 4.7 trillion won.

The tech giant expects revenue for the April-to-June period to rise to 171 trillion won, up from 133.9 trillion won in the previous quarter.

The results include deducted one-off expenses for employee bonus provisions following recent labor negotiations, according to analysts.

Earlier this year, Samsung agreed to scrap its 1,000% base salary bonus cap and earmark 10.5% of its operating profit for bonuses, capitulating to a weeks-long labor union protest that demanded a fair share of the company’s earnings.

— Jenny Lee

Asia-Pacific markets traded broadly lower early Tuesday, breaking ranks with Wall Street that saw the Dow hit a new high overnight.

South Korea’s Kospi dropped 1.71% at open, while the small-cap Kosdaq declined 0.72%.

Japan’s Nikkei 225 was marginally lower, though the Topix added 0.27%.

Australia’s benchmark S&P/ASX 200 fell 0.12%.

Futures for Hong Kong’s Hang Seng index last traded at 23,571, lower than the index’s close of 23,616.32.

— Justina Lee

Asia-Pacific markets were set to open mixed Tuesday, after Wall Street rallied overnight with the Dow jumping 150 points for its first close above 53,000.

Japan’s Nikkei 225 was poised to gain, with the Chicago futures contract at 70,350 and its Osaka counterpart last trading at 70,300, compared with the index’s previous close of 69,737.69.

Hong Kong Hang Seng index futures were last at 23,571, lower than the index’s close of 23,616.32.

Futures for Australia’s S&P/ASX 200 last traded at 8,813, while the index closed at 8,831.

Tensions in the Middle East have eased, but friction between NATO members is now in focus as President Donald Trump piles on pressure over defense spending.

The U.S. ambassador to the alliance told CNBC on Monday that “the target is that Europe takes over the conventional defense of the European continent.”

“We’re not going away, we’re just doing less,” Ambassador Matthew Whitaker said about U.S. involvement in European security and defense, ahead of this week’s NATO summit in Ankara, Turkey.

—Justina Lee

SpaceX shares slid around 1% in extended trading on Monday ahead of the stock’s entrance into the Nasdaq-100.

The rocket company will join the concentrated index on Tuesday. It’s expected to catalyze a spate of passive buying from mutual and exchange-traded funds that track the index.

CNBC Pro subscribers can click here to read more about what it means for investors.

— Alex Harring

Walmart shares ticked lower after the bell on Monday after President Donald Trump claimed that the retailer would cut price tags.

“I have just been informed that one of the biggest, best, and smartest Retailers in America, Walmart, will be lowering prices, by a lot, at my Administration’s request to celebrate our great Country’s 250th birthday,” Trump wrote on Truth Social in an afternoon post.

Trump said that Walmart would specifically lower ground beef prices “by almost 15%.” Other products would also see price decreases, he said.

“Walmart is stepping up in a big and bold way, and other Retailers should follow the lead of these absolute Patriots,” Trump wrote.

Walmart shares slipped about 1% in Monday’s session, marking its seventh losing day of the last eight. Shares are slightly below flat on the year.

— Alex Harring

Shares of Vertex Pharmaceuticals dropped more than 2% following news that the company will be buying Crinetics.

Vertex said it has entered an agreement to acquire Crinetics for $85 per share in cash, valuing the deal at about $10 billion.

The acquisition is expected to close in the third quarter of 2026.

Shares of Crinetics nearly doubled in extended trading.

—Darla Mercado

Futures tied to the Dow, S&P 500 and Nadaq-100 all traded near flat shortly after 6 p.m. ET.

— Alex Harring