Asian stocks fell as a selloff in US chipmakers deepened and investors grew wary ahead of the US midterm elections. The yuan weakened. The MSCI Asia Pacific Index dropped 1.2%, with South Korea’s tech-heavy Kospi Index sliding almost 4%. The decline came after a gauge of US chipmakers extended a three-day rout, bringing its losses to 12%, while the Nasdaq 100 extended losses to decline 10% from its peak, entering a technical correction. Chinese equities fell even after the central bank said it would encourage financial institutions to make greater use of stock-support tools and optimize their terms as authorities seek to bolster market stability. Japanese markets were closed for a holiday. The yuan ended its longest winning streak in three decades after the People’s Bank of China moved to cool its rally by asking banks to hold more foreign currencies in reserve. The yuan weakened as much as 0.4% to 6.6728 per dollar, halting 13 straight days of gains, which was the longest streak since 1996. Korea’s Kospi Index led declines in Asia, with shares of the two chip giants, Samsung Electronics Co. and SK Hynix Inc., both dropping more than 4%. Taiwan’s benchmark lost 3.6% Brent crude steadied in Asian trade after plunging almost 8% on Monday, as the US and Iran both signaled a willingness to pursue peace talks as the war in the Middle East enters its ninth month. The global benchmark was near $105 a barrel, while West Texas Intermediate was below $97 after its biggest decline in three months on Monday. Iran’s president said his government had been granted more authority by the nation’s supreme leader to negotiate, while US President Donald Trump hinted at progress in talks. Still, simmering hostilities are keeping the market on edge. China Stimulus China’s CSI 300 Index slipped 0.9% amid skepticism about the latest market support measures from the authorities. The two liquidity-injection tools — a swap facility and relending operations to encourage more stock purchases — reappeared with some adjustments as authorities sought to bolster market stability and confidence. Chinese shares have been mired in a slump since the summer, weighed down by a weak economy and doubts over AI earnings. Previous attempts to revive the market — including a round of buying by the so-called national team starting July, and regulatory guidance to curb selling last month — have fallen short. Elsewhere, a Bloomberg gauge of the dollar edged higher, while US Treasury 10-year futures slipped 3/32. There was no trading of cash Treasuries in Asia due to the holiday in Japan. Australia’s dollar fell after the central bank raised its key interest rate to an 18-year high, as economists forecast, in a split vote. The Aussie dropped 0.3% to 69.79 US cents. US job openings data due Tuesday are expected to show that listings edged higher in September, while weekly jobless claims Thursday are seen remaining near historically low levels. Economists expect Friday’s payrolls report to show job growth more than doubled to 65,000 in October, with the unemployment rate holding at 4.2%.” US After Hours After Hours Summary: HLIT +16.5%, AEHR +15.3%, IBTA +13.0%, FN +11.8%, LIFE +10.4%, AEIS +9.6%, LSCC +7.2% higher on earnings; CWH -11.0%, BMRN -5.1%, PPLI -4.8%, WAY -4.3%, PLTR -3.6%, AAPL -3.3%, BWXT -3.2% lower on earnings.
Nikkei Closed Hang Seng +0.22% CSI -0.16% Kospi -3.59% Shanghai -0.88% Shenzen -0.98%
Eur$ 1.1191 CNH 6.6706 CNY 6.6725 JPY 157.84 GBP 1.3412 CHF 0.8180 RUB 81.2708 TRY 49.9977 WTI$ 97.49 +1.03% Gold 3,921.50 -0.97% BTC 76,575 -0.20% ETH 2,247 -0.35%
S&P -0.22% Nasdaq -0.08% EuroStoxx -1.40% FTSE -0.43% Dax -1.20% SMI -0.55%
Macro :
- Germany Proposes Gasoline, Diesel Price Caps to Help Consumers
- Pimco CEO Says ‘A Lot of Cash’ Is Going Into Fixed Income
- Pimco CEO Says ‘A Lot of Cash’ Is Going Into Fixed Income
- Kospi’s 4% Swoon Casts Ugly Signal Across Global Peers
- Hedge Fund Elliott Warns of FOGO: Fear of Getting Obliterated in the Market -- WSJ
- Private Jet May Have Broken Up Before Florida Crash, NTSB Says
Keep an eye on :
Keep an eye on :
- ADE IN : Adani Group Said to Seek $1.5 Billion for Data Center Financing
- AAD GY : Amadeus Fire 9M Revenue EU261.5M
- AAL LN : MMG Extends Long Stop Date to Buy Anglo American Nickel Unit
- ANT US IPO : Anthropic Investors Push for Cautious Valuation Closer to $1.5 Trillion -- WSJ
- AAPL US : Apple Sets New Sales Highs in China Even as Increased Costs Bite
- BMAG AV :BAJAJ Mobility 3Q Revenue EU351.1M Vs. EU223.6M Y/y
- BMAG AV :BAJAJ Mobility 3Q Revenue EU351.1M Vs. EU223.6M Y/y
- BSLN SW : Basilea Receives $37.5m Milestone From Pfizer on Cresemba Sales
- BAYN GY : Bayer 3Q Adjusted Ebitda Beats Estimates, Bayer Boosts FY Adjusted Ebitda Forecast
- BMRN US : BioMarin Cuts FY Revenue Forecast, Misses Estimates
- BIM FP : BioMerieux 3Q Organic Sales Beat Estimates
- BCHN SW : Burckhardt 1H Ebit CHF55.5M Vs. CHF65.5M
- CVI US : Carl Icahn's CVR Energy Near Over $4 Billion Deal for Marathon Refineries -- WSJ
- CE US : Celanese 3Q Adjusted EPS Beats Estimates
- CC US : Chemours Narrows FY Adjusted Ebitda Forecast
- LNG US : Cheniere in Talks With Bangladesh for Long-Term LNG Supply Deal
- PLCE US : Children’s Place Mulls Possible Liquidation Option in Bankruptcy
- CLN SW : Clariant 3Q Adjusted Ebitda Misses Estimates
- CLX US : Clorox 1Q Adj. EPS Beats Estimates, Clorox Cuts Margin Outlook as Higher Costs Hit Consumer Staples
- COFA FP ; Coface 9M Revenue EU1.41B Vs. EU1.39B Y/y
- FANG US : Diamondback 3Q Adjusted EPS Beats Estimates, Diamondback Forecasts Permian to Also Be Gas King by Next Decade
- DIS US : Disney Plans Thousands of Layoffs, Targeting 20% Cost Savings
- DKSH SW : DKSH Gets CHF100 Million Sustainability-Linked Loan from OCBC
- EFGN SW : EFG CEO Pradelli Says Hiring ‘Very Strongly’ in HK, Singapore
- EVK GY : Evonik Sees FY Adjusted Ebitda High End of EU2B to EU2.2B
- EVK GY : Evonik Sees FY Adjusted Ebitda High End of EU2B to EU2.2B
- FWONA US : Liberty Media Climbs as Sportico Says Walter Mulls F1 Team Sale
- FME GY : Fresenius Medical Trims Outlook Due to Slumping US Dialysis Unit
- GALD SW : Galderma CFO Luigi La Corte to Leave, Galderma CFO Exit Comes as a Significant Surprise, RBC Says
- GEBN SW : Geberit 3Q Ebitda Misses Estimates
- GRAB US : GRAB Boosts FY Adjusted Ebitda Forecast, Beats Estimates
- GRF SM : Grifols 3Q Net Revenue Beats Estimates
- HACK SS : Hacksaw Starts Share Buyback Program of Up to €20m
- BOSS GY : Hugo Boss Cuts FY Ebit Forecast, Misses Estimates
- INGM US : Platinum Said to Offer Ingram Micro Shares for Up to $26.98 Each
- TISG IM : Italian Sea Group Picks SRI Group as Base Plan Bidder
- JAZZ US : Jazz Pharma Boosts FY Revenue Forecast
- LSCC US : Lattice Semi 4Q Revenue Forecast Beats Estimates
- LTMC Im : Lottomatica 9M Adjusted Ebitda EU665.5M Vs. EU617.3M Y/y
- LHA GY : Lufthansa Narrows FY Adjusted Ebit Forecast Due to Fuel Costs (1)
- LITE US : Lumentum Goes From $1 Billion Spinoff to $115 Billion Takeover
- NCCB SS : NCC 3Q Net Sales Beat Estimates
- NKT DC : NKT Wins Three Power Cable Deals With Denmark’s N1
- NOBA SS : NOBA Bank 3Q Basic EPS Beats Estimates
- NOHO FH : NoHo Partners 3Q Revenue Above Estimates
- NOEJ GY : Norma 3Q Revenue Meets Estimates
- LITE US : Nvidia’s Huang Gave Blessing to Marvell-Lumentum Megadeal
- NVDA US : Nvidia Tells Data Center Clients to Trim China Business, FT Says
- LONN SW : Lonza to Acquire US CDMO Network From Merck KGaA
- MRK US : Merck Kgaa, Darmstadt, Germany, to Sell CDMO Business to Lonza
- ON US : Onsemi to Buy Ferric for $600m Cash
- Open AI IPO : OpenAI Partners With Cathedral Systems on Cybersecurity
- ORCL US : Oracle to Drop NDAs With State Govts on AI Data Centers
- PLTR US : Palantir Boosts FY Revenue Forecast, Beats Estimates
- PS US : Pershing Square Inc. Reports Third Quarter 2026 Results
- PHIA NA : Philips 3Q Adjusted Ebita Margin Beats Estimates
- RBI AV : Raiffeisen 3Q Net Interest Income Ex Russia Beats Estimates, Raiffeisen Says It Closed Acquisition of Garanti BBVA Romania
- RBI AV : Raiffeisen Boosts FY ROE Est., Addiko Offer Takeup at 95% (1)
- RAYB SS : RaySearch Reports 3Q Adj Operating Profit of SEK 77 Million, RaySearch 3Q Sales Beat Estimates
- RUI FP : Rubis 3Q Revenue EU2.28B Vs. EU1.58B Y/y
- RYA ID : Ryanair Oct. Load Factor 93% Vs. 93% Y/y
- CRM US : Salesforce to Buy Cresta; No Terms
- SALM NO : Salmar 3Q Operating Ebit Beats Estimates, Cuts Harvest Guidance
- SHA0 GY : Schaeffler 3Q Adjusted Ebit EU245M Vs. EU264M Y/y, Schaeffler Plans Job Cuts, Site Closures as Auto Demand Falters
- SOLARB DC : Solar 3Q Revenue Above Estimates
- TMV GY : TeamViewer Cuts FY Revenue at Constant Currency Forecast
- TTE FP : Adnoc Gas Signs 5-Year LNG Supply Pact With TotalEnergies
- RIG US : Transocean 3Q Adjusted EPS Misses Estimates
- TRUEB SS : Truecaller 3Q Revenue Beats Estimates
- TCEL TI : Turkey Wealth Fund, Turkcell Acquire Carmaker Togg Stakes
- WSU GY : Washtec 9M Ebit EU25.7M Vs. EU32.4M Y/y
- WHA NA : Wereldhave 9M Gross Rental Income EU145.5M Vs. EU137.3M Y/y
- XEL US : Xcel Energy Prices Upsized Offer $2.2b 2.625% Conv Sr Notes ‘27
- ZAL GY : Zalando 3Q Adjusted Ebit Meets Estimates