Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Asian stock markets advanced on Monday, recovering part of last week’s losses as renewed expectations of a U.S. Federal Reserve interest rate cut in December strengthened investor confidence. Buying interest returned to the region’s beaten-down technology sector, although overall trading activity was somewhat subdued due to a market holiday in Japan.
Market sentiment improved after Wall Street closed higher on Friday, boosted by dovish comments from Federal Reserve officials. Futures tracking the S&P 500 climbed 0.5% in early Asian hours, signaling broader optimism ahead of key U.S. economic data releases for September, including inflation and labor market indicators. Traders are now pricing in a roughly 67% chance of a 25-basis-point rate cut in December—up sharply from last week’s estimates—according to CME FedWatch, driving demand for risk assets.
Across Asia, South Korea’s KOSPI led gains with a 1.2% rise, followed by Australia’s ASX 200, which climbed 1%. Hong Kong’s Hang Seng Index added 1.3% as investors cautiously returned to tech names. India’s Nifty 50 futures were flat, reflecting a more measured market response.
Chinese stocks, however, underperformed. Mainland markets slipped about 0.3% as chipmaking shares experienced steep declines. Semiconductor Manufacturing International Corp dropped more than 7%, while AI chip firm Cambricon Technologies also weakened. The sell-off followed reports that the U.S. may allow NVIDIA to resume sales of its advanced H200 AI chips in China, potentially reducing demand for domestically produced semiconductors and raising concerns over China’s tech self-sufficiency goals.
Still, some Chinese tech giants posted modest gains. Tencent edged up 0.7%, Alibaba added 0.3% ahead of earnings, and Baidu rose nearly 2% after a JPMorgan upgrade citing strong AI and cloud growth potential.
Despite recent volatility, investors remain focused on the potential boost that lower U.S. interest rates could bring to global liquidity and risk-driven markets.
