Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
A solid close on Wall Street overnight translated into somewhat softer gains in Asia on Thursday morning. Asian markets were generally higher on Thursday, with a slew of manufacturing data from the region prompting little reaction, while Chinese bourses were closed.
Chinese stock markets were shut on Thursday in observance of National Day. Chinese factory activity continued to deteriorate last month as new work fell at the quickest rate in three years, raising fresh calls for policymakers to add more stimulus as the economy continues to slow. The Caixin-Markit China manufacturing Purchasing Managers' Index (PMI) fell to 47.2 in September, the lowest since March 2009, from 47.3 in August, coming in stronger than the preliminary reading of 47.0. The Purchasing Managers' Index rose from 49.7 in August to 49.8 last month, signalled a slight moderation in the industry's contraction.
Japan's benchmark Nikkei 225 index rose 0.27% to 17,435.02 points within the first hour of trade, while Tokyo's broader Topix gauge jumped 0.64% to 1,420.25 points. The Bank of Japan (BoJ) Tankan Manufacturing Index of large-scale factories fell from 15 to 12 in the September quarter.
Korea's benchmark Kospi index advanced 0.21% to 1,966.90 points this morning in Seoul.
The benchmark Australian S&P/ASX 200 index rose 0.80% to 5,061.90 points in Sydney, with Australia's big lenders supporting the index, as well as resource stocks.
New Zealand's benchmark S&P/NZX 50 index fell 0.18% to 5,583.35 points this afternoon in Wellington.
