Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Asian stocks edged lower on Friday as a brief rebound in technology shares lost momentum and renewed worries over China’s property crisis weighed heavily on regional sentiment. Markets also saw subdued activity due to the U.S. Thanksgiving holiday, leaving investors with limited trading cues. Still, expectations of a potential U.S. interest rate cut in December helped keep broader declines in check.
Chinese equities were among the biggest drags, with the Shanghai Shenzhen CSI 300 and Shanghai Composite slipping around 0.3%, while Hong Kong’s Hang Seng dipped 0.1%. Selling pressure intensified in China’s real estate sector as investors dumped China Vanke’s bonds, driving its Shenzhen-listed shares down an additional 1.5%. Reports that the state-backed developer was seeking to restructure certain debt obligations fueled speculation that Vanke could face a default—an event that would surpass the collapses of Evergrande and Country Garden. With China’s property sector serving as a major economic pillar, further turmoil threatens to deepen growth risks. Mainland markets were down between 2% and 3% for November, with the Hang Seng trading mostly flat for the month.
Japanese stocks traded flat to slightly lower as strong economic data increased expectations that the Bank of Japan may soon raise interest rates. Tokyo’s November inflation held steady, with core inflation still above the BOJ’s 2% target. Industrial production unexpectedly improved, and retail sales beat forecasts, although unemployment remained unchanged and job applications softened. Analysts noted that the overall data reinforced the case for tighter monetary policy, potentially as early as December, despite resistance from the Sanae Takaichi government. The Nikkei 225, pressured by falling tech shares, was down 4.5% for the month.
Across the region, South Korea’s KOSPI fell nearly 1% and was down almost 4% in November, while Australia’s ASX 200 remained flat and on track for a 2.9% monthly decline amid expectations that the Reserve Bank of Australia will keep rates elevated. India’s Nifty 50 futures traded steady ahead of key GDP data, supported by low inflation and lower exposure to tech, posting a 1.9% gain in November. Singapore’s Straits Times index rose 0.4%, up 2.2% for the month.
