Author Archive

Dylan Butts@in/dylan-b-7a451a107

Key Points

• Traders in Asia were assessing data on consumer inflation out of South Korea.
• Oil prices and the CBOE Volatility Index (.VIX) jumped overnight as Iran fired ballistic missiles at Israel.

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Karen Gilchrist@_karengilchrist & Holly Ellyatt@HollyEllyatt

LONDON — European stocks kicked off October trading in positive territory after ending September on a somber note.

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Gold eased on Monday, taking a breather after a historic rally driven by U.S. monetary easing and heightened Middle East tensions, which put it on course for its best quarter since 2020.

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Lim Hui Jie

Key Points

• South Korea, Hong Kong, and mainland Chinese markets are closed for a public holiday Tuesday.
• Business optimism among large Japanese manufacturers was unchanged, while sentiment among large non-manufacturers in Japan improved, inching up to +34 from +33 in the third quarter.

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Lim Hui Jie

Key Points

• China’s CSI 300 rallied 8.48%, powered by health-care and tech stocks and closing at 4,017.85.
• This marks a nine-day winning streak, its best day since September 2008 and its highest point since August 2023.
• Japan’s Nikkei 225 tumbled nearly 5% on Monday and the yen weakened against the dollar as traders reacted to the results of the ruling Liberal Democratic Party election last Friday.

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Sam Meredith@in/samuelmeredith@smeredith19 & Holly Ellyatt@HollyEllyatt

LONDON — European stocks were higher Thursday morning, spurred on by overnight gains in Asia-Pacific markets.

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Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big U.S. rate cut this year, although gains were limited ahead of remarks by key Federal Reserve policymakers later in the day.

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Lim Hui Jie & Evelyn Cheng

@in/evelyn-cheng-53b23624@chengevelyn

Key Points

• Chinese stocks extended gains after state media announced that China’s top leaders had affirmed the government’s latest efforts to support the economy.
• Mainland China’s CSI 300 extended extended its winning streak to the seventh day, hitting its highest levels in about four months after China’s top leaders held a meeting that affirmed the government’s latest stimulus efforts
• South Korea’s Kospi jumped 1.9%, powered by gains in chip maker SK Hynix, which announced it has begun mass production of the world’s first 12-layer HBM3E chip, used in AI memory applications.

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Gold rose 1% and hit a record high on Tuesday, building on its recent rally as Middle East tensions fed its safe-haven appeal, while investors latched on to fresh cues for more U.S. interest rate cuts.

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Lim Hui Jie

Key Points

• On Wednesday, the PBOC slashed the medium-term lending facility rate to 2% from 2.3%.
• Australia’s consumer price index posted a 2.7% rise year on year in August, in line with expectations from economists polled by Reuters and easing from the 3.5% rise in July.

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