China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian stocks climbed on Tuesday, with technology shares extending gains alongside U.S. peers, fueled by ongoing optimism over artificial intelligence (AI). Japanese markets outperformed regional peers, hitting record highs after the election of a fiscally dovish prime ministerial candidate eased expectations for further interest rate hikes by the Bank of Japan (BOJ). However, overall trading volumes were subdued due to holidays in China, Hong Kong, and South Korea.
The upbeat sentiment across Asia followed Wall Street’s record-setting session on Monday, where chipmakers led a strong rally. Still, S&P 500 Futures edged down 0.1% in Asian trading, signaling a potential pause amid lingering concerns over a possible U.S. government shutdown. Global investor confidence was also tempered by political turmoil in France and caution ahead of speeches from Federal Reserve officials, including Chair Jerome Powell, later this week.
Japan’s Nikkei 225 surged up to 1% to a historic high of 48,544.0 points, while the TOPIX touched 3,248.39 points before easing slightly. Gains were driven by industrial and semiconductor stocks, with the market cheering the election of Sanae Takaichi as leader of Japan’s ruling Liberal Democratic Party. Takaichi, set to become Japan’s first female prime minister, is known for her expansionary fiscal stance and opposition to BOJ rate hikes. Her policies are expected to boost spending on manufacturing and defense, though uncertainty remains about how additional fiscal programs will be financed.
Asian tech stocks were another bright spot. Chipmakers surged after AMD (NASDAQ:AMD) soared nearly 24% on news it would supply AI chips to OpenAI, boosting expectations of sustained AI-related demand. Taiwan’s TSMC (TW:2330) gained 2.5%, Japan’s Advantest Corp. (TYO:6857) rose 2.2%, Tokyo Electron added 1%, and Renesas Electronics (TYO:6723) jumped 4.6%.
Elsewhere, Singapore’s STI rose 0.9%, while Australia’s ASX 200 slipped 0.3% as ASX Ltd. (ASX:ASX) fell nearly 2% following Cboe’s approval to operate as a securities listing market. India’s Nifty 50 futures signaled a positive open after surpassing 25,000 points on Monday.
