Stock futures are mixed after Dow tops 53,000 for first time: Live updates

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