UK PM Burnham to Unveil Economic Vision at Labour Conference 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
South Korea Tax Windfall Could Top 50 Trillion Won on Chip Boom 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Trump to Ease U.S. Fuel-Economy Standards 
Trump, Xi Focus on Trade and AI at White House Summit 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
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Asian Markets Lifted by Chinese Stimulus Expectations
Most Asian stocks gained on Thursday, with Chinese markets leading the charge ahead of a government briefing on stimulus measures for the property sector. The Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose by 1.2%, while the Hang Seng Index in Hong Kong surged by 2.4%, driven by strong performance in property stocks.
The briefing, scheduled for later today, will outline new support for China's property market. Since late September, recent government announcements have fueled optimism for an economic recovery, leading to significant gains in Chinese stocks. Investors also await China's third-quarter GDP data, due Friday, which is expected to provide further insights into the country’s economic trajectory.
TSMC Earnings to Highlight AI Demand
Taiwan Semiconductor Manufacturing Company (TSMC) is set to release its third-quarter earnings later today, a key focus for investors. TSMC, a leader in global chipmaking, is expected to report a net profit of T$300.1 billion ($9.33 billion), driven by increasing demand for artificial intelligence technologies. Despite a 1% dip in Taipei shares, expectations remain high for AI-driven growth.
However, recent forecasts from ASML, another major player in the tech industry, indicated weaker sales for 2025, raising concerns about the sector’s future outlook.
Mixed Performance Across Broader Asian Markets
Australia's ASX 200 reached a record high, gaining 1% on optimism over China’s stimulus and strong domestic labor data. Meanwhile, Japan's Nikkei 225 fell 0.6% after reporting a larger-than-expected trade deficit for September, impacted by slowing exports to China.
South Korea's KOSPI remained flat, with chipmaking stocks subdued ahead of TSMC’s earnings, while India’s Nifty 50 futures pointed to a slightly weaker opening as major firms prepare to release earnings.
