JKB Financial Services Ltd.

As on : 03-Aug-2026

Market Commentary - Foreign Markets
03-Aug-2026 17:56

U.S. Stocks sag on profit taking

US stocks on Friday faced profit-taking after a recent rebound, with the S&P 500 turning negative just a day after its best single-day performance in weeks. The Dow Jones Industrial Average closed down 6.06 points, or less than 0.01%, at 52,218.58. The S&P 500 fell 10.24 points (0.14%) to 7,498.96, while the Nasdaq Composite dropped 146.31 points (0.57%) to 25,690.90.

Foreign investors have been net sellers in Taiwan's stock market for 11 days straight, despite a recent significant rebound in the market, which is still under short-term adjustment pressure. Several major US tech companies are set to report earnings later this week.

The Philadelphia Semiconductor Index defied the downward trend, rising 54.50 points (0.44%) to close at 12,410.66. After a gain of over 5% on Tuesday, it faced selling pressure the next day. In Asia, Japan's Nikkei 225 fell 0.91%, while the Kospi dropped 4.41%. The yield on the 10-year Treasury note rose to 4.71%.

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