Asian Stocks Rise as Chipmakers Rally on Micron Earnings 
India Manufacturing Growth Hits Seven-Month High in September 
Oil Prices Slide as Middle East Flows Recover 
South Korea Exports Set for 16th Monthly Gain on AI Chip Demand 
Australia Inflation Accelerates to 4% After RBA Rate Hike 
U.S. Stock Futures Steady as AI, Rate Concerns Weigh 
US Stocks Slip as Treasury Yields Ease, AI Trade Rebounds 
South Korea Exports Surge 83.5% on AI Chip Boom 
Dollar Eases Near Two-Month High as Yen Rebounds 
Japan Factory Output Unexpectedly Falls 1.7% in August 
US Dollar Hits Two-Month High as Aussie, Pound Slide 
Asian Currencies Mixed as Yen Weakens, RBA Hike Looms 
US Treasury Bond Buybacks Fall Short Despite Expanded $6 Billion Cap 
Nasdaq Futures Jump as Micron Earnings Boost AI Trade 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
Gold Prices Slip as High Treasury Yields Weigh on Bullion 
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Asian Markets Wobble as Chinese Stocks Weaken
Asian stocks fluctuated on Monday, weighed down by Chinese market weakness, even as Bitcoin surged to a three-month high. Investor sentiment was dampened by cautious optimism around China’s economic stimulus, with many awaiting further fiscal support.
China's central bank cut benchmark lending rates, but the move was anticipated by the market. Hong Kong equities slipped 0.6%, and China’s blue-chip index seesawed before ending 0.4% higher. Meanwhile, Japan's Nikkei posted a modest 0.34% gain.
Bitcoin Soars to Three-Month Peak
Bitcoin rose 0.5% to $69,100, its highest level since July, as the world’s leading cryptocurrency saw a 9.6% increase last week. Market analyst Tony Sycamore noted, “Bitcoin is positioned well for continued growth.” Traders are factoring in a potential Donald Trump victory in the upcoming U.S. election, which could boost cryptocurrencies further due to his favorable stance.
Gold Hits Record High Amid Global Uncertainty
Gold prices hit a record $2,727.39 an ounce, extending last week's 2% rise. The precious metal is benefiting from ongoing geopolitical tensions and the close U.S. presidential race. “Gold remains a key Trump trade due to his aggressive economic policies,” said Arun Sai, senior multi-asset strategist at Pictet Asset Management.
Oil Prices Stabilize After Recent Drop
Oil prices edged higher, with Brent crude futures rising 0.4% to $73.36 a barrel, while U.S. crude gained 0.43% to $69.52 per barrel, recovering slightly from last week’s steep losses.
