Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Most Asian stocks fell on Thursday, mirroring steep losses on Wall Street as fears over the U.S. economy and mounting government debt rattled investor sentiment. Technology shares led the decline, tracking losses in U.S. peers amid rising Treasury yields and renewed trade tensions.
South Korea’s KOSPI dropped 1.2%, and Hong Kong’s Hang Seng fell 0.5%, dragged by tech sell-offs. Investors trimmed exposure after U.S. yields surged, pressuring valuations in the rate-sensitive sector. Negative sentiment deepened following China’s sharp criticism of tightened U.S. chip export controls, which Beijing said violated a recent trade truce. Nvidia CEO Jensen Huang also slammed the restrictions as a policy failure.
Chinese tech stocks slumped, with Baidu Inc. shedding nearly 3% despite beating Q1 earnings forecasts, and Contemporary Amperex Technology losing 2% after a strong Hong Kong debut. Meanwhile, U.S. fiscal concerns worsened after Moody’s downgraded the country’s credit outlook, amplifying fears over rising debt linked to a pending tax cut bill.
Japanese markets also slid, with the Nikkei 225 down 0.9% after PMI data showed sustained weakness in manufacturing and a sharp slowdown in services. Japan’s composite PMI dipped into contraction, highlighting export struggles tied to U.S. tariffs.
Australia’s ASX 200 lost 0.5% on weak services PMI data, while Singapore’s Straits Times index also fell 0.5% despite slightly better-than-expected Q1 GDP growth. India’s Nifty 50 futures pointed to a flat open ahead of local PMI releases.
China’s CSI 300 and Shanghai Composite bucked the trend with modest gains amid hopes of further economic stimulus. Still, overall risk appetite in Asia remained subdued, weighed by global uncertainties and profit-taking in high-growth sectors.
