Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian stock markets traded mixed on Tuesday, with most major indices rising on expectations that the U.S. Federal Reserve will cut interest rates next week. Japan’s Nikkei 225 briefly surged 1.2% to a record 44,185.7 points before easing to 43,732.6, still up 0.2% by 02:50 GMT. The broader TOPIX also edged higher, extending a four-day winning streak.
Investor sentiment in Japan strengthened after Prime Minister Shigeru Ishiba resigned following heavy election losses, fueling speculation that his successor may adopt more expansionary fiscal and monetary policies. Markets also expect the Bank of Japan to delay further tightening. Positive momentum was supported by revised GDP data showing 2.2% annualized growth in Q2, up from the earlier 1.0% estimate, driven by private consumption and inventory gains. On a quarterly basis, GDP expanded 0.5%, above the 0.3% forecast. Additionally, optimism grew after a U.S.-Japan trade deal promised reduced tariffs on auto exports by mid-September.
Elsewhere, Hong Kong’s Hang Seng index rose 1.5%, while the Hang Seng TECH sub-index gained 1.7%, tracking Wall Street’s Nasdaq record close. South Korea’s KOSPI advanced nearly 1%, with chipmakers Samsung Electronics up 1% and SK Hynix jumping 2.8%. China’s Shanghai Composite was flat, and the CSI 300 dipped 0.1%.
Australia’s S&P/ASX 200 slipped 0.6%, pressured by financials after ANZ Group announced 3,500 job cuts and a A$560 million restructuring charge. Singapore’s Straits Times Index fell 0.3%, while India’s Nifty 50 futures traded largely unchanged.
Overall, expectations of U.S. rate cuts, upbeat Japanese economic data, and political shifts drove market sentiment, though regional performances varied.
