Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
LG Energy Solution Sees Profit Decline Despite Stronger Demand
South Korean battery manufacturer LG Energy Solution (LGES) reported a 39% decrease in quarterly profits on Monday. Despite this decline, the results surpassed analysts' expectations, driven by improved demand from European and North American automakers.
In the July-September period, LGES achieved an operating profit of 448 billion won (approximately $322.84 million), aligning with earlier forecasts. This profit marked a significant drop from 731 billion won a year earlier, reflecting a challenging market influenced by reduced demand for electric vehicles (EVs). However, it exceeded the average forecast of 374 billion won from LSEG SmartEstimate, which favors more consistently accurate analysts.
The company disclosed that it would have incurred an operating loss of 18 billion won without a tax credit received under the U.S. Inflation Reduction Act, as indicated in a recent regulatory filing. Revenue for the quarter fell by 16%, totaling 6.9 trillion won.
Following the announcement, shares of LGES rose by 0.9%, outperforming a 0.6% increase in the benchmark KOSPI index, reflecting investor optimism despite the profit slump.
As LGES navigates the challenges in the EV market, its ability to adapt to shifting demands and leverage governmental incentives remains crucial for future growth.
