Asian equities climbed to a fresh record as technology shares rallied and the election of a pro-stimulus leader in Japan added momentum to the region’s gains. The MSCI Asia Pacific Index advanced 0.4% to a new peak with chips and technology stocks leading the gains after Advanced Micro Devices Inc.’s blockbuster deal with OpenAI. Gold set another record as political crises around the world lifted demand for the haven asset. US equity-index futures retreated as President Donald Trump said he would be willing to talk to Democrats about health care only after the government reopened. Japanese shares extended their rally after Sanae Takaichi’s near-certain ascent to become Japan’s next prime minister had sent the yen sliding and drove up yields on long-tenor bonds. Japanese bond futures pared their losses after an auction of 30-year government bonds drew firm demand. While equities worldwide have surged to successive record highs, worries over the US government shutdown and a political crisis in France have driven investors toward alternative assets such as gold and Bitcoin, sending both to new peaks. At the same time, a flurry of AI-related deals among chipmakers has propelled shares higher and fueled some concerns of a speculative bubble reminiscent of the late-1990s dot-com era. Technology stocks have been powering a global equity rally, with Monday’s AMD deal being the latest big-budget data center agreement this year. It follows last month’s announcement that Nvidia Corp. was planning to invest as much as $100 billion in OpenAI amid demand for tools like ChatGPT and the computing power needed to make them run. Tech firms are spending hundreds of billions of dollars on advanced chips and data centers, and the final bill may run into the trillions. The financing is coming from venture capital, debt and, lately, some more unconventional arrangements that have raised eyebrows on Wall Street. Meantime, with China and Hong Kong markets closed Tuesday, investor attention is firmly on Japan. Takaichi’s election shook up global markets Monday with stocks surging on prospects for more spending, while currencies and bonds weakened. The yen held its losses, hovering around the highly watched 150-a-dollar level. Options traders are the least bullish on the yen in more than three years now that Takaichi appears in line to become the next prime minister. Volatility in Japan’s longer-dated government bonds is on the rise following Takaichi’s win, and the moves may spill over to markets as far away as the US and UK, according to Goldman Sachs Group Inc. Meanwhile, Goldman Sachs Group Inc. raised its gold forecast for December 2026 to $4,900 an ounce, up from $4,300, citing ETF inflows and central-bank buying. According to the latest data, the People’s Bank of China added to its gold holdings in September for an 11th consecutive month. Such frenzied buying amid a broad decline in the dollar has lifted gold’s gains this year to more than 50%, putting the metal on track for its strongest annual advance since 1979. Investors starting to view gold as a safer asset than the dollar is “really concerning,” said Citadel’s billionaire investor Ken Griffin. This year, traders have been betting more on gold, silver and Bitcoin, in what’s been called the “debasement trade.” The sudden push to a fresh all-time high in Bitcoin over the weekend has options traders adding to bets that the largest cryptocurrency will rally to $140,000. US After Hours TMQ +131% surging after confirming investment by US government; STZ +3.3% bubbles higher on earnings; AEHR -15.3% sharply lower on earnings.
Nikkei +0.21% Hang Seng Closed CSI Closed Shanghai Closed Shenzen Closed
Eur$ 1.1704 CNH 7.1366 CNY 7.1214 JPY 150.30 GBP 1.3477 CHF 0.7955 RUB 83.0352 TRY 41.7045 WTI$ 61.86 +0.28% Gold 3,974.50 +0.35% BTC 124,574 -0.55% ETH 4,703 +0.28%
S&P -0.08% Nasdaq -0.05% EuroStoxx +0.00% FTSE -0.05% Dax -0.20% SMI -0.28%
Macro :
- Citadel Securities Begins Processing Trades for Small Banks
- Kazakhstan to Ship 130,000 Tons of Oil Monthly to Germany
- Goldman Sachs Raises December 2026 Gold Forecast to $4,900/Oz
- Vinci Compass Confirms Acquisition of 50.1% of Verde Asset
Keep an eye on :
Keep an eye on :
- BBVA SM : Sabadell Investor Martinez Defends Decision to Back BBVA Bid
- BHP LN : BHP Says Political Interference May Threaten Mining Deals: FT
- CO FP : Casino Creditors Gear up for Second Restructuring in 2 Years: FT
- CLASB SS : Clas Ohlson Sept. Sales +9%
- ACA FP : Credit Agricole Delays Canadian Dollar Bond Sale
- DBVT US : DBV Announces Sale of approximately $30 million of ADSs Through its At-The-Market (ATM) Program on Nasdaq
- F US : Ford Faces Lengthy Disruption From Aluminum Plant Fire, WSJ Says
- GF SW : Georg Fischer Divests Iron Foundry in Leipzig to Linamar
- LHA GY : Lufthansa, SIA Add Brussels Airlines to Joint Venture
- NTGY SM : Naturgy Starts Sale of up to 34.1m Treasury Shares, Offers 3.5% Stake in Bid to Boost Free Float
- NN NA : NN Group: Unit-Linked Insurance Products Settlement Now Final
- NDX1 GY : Nordex Group Gets Orders of Nearly 126 Megawatt in Germany
- NOVOB DC : Novo-Backed MapLight Seeks $251 Million in US IPO, Placement
- ORSTED DC : Orsted Raises $9.4 Billion to Counter Hit From US U-Turn on Wind
- XM US : Qualtrics Agrees to Buy Press Ganey Forsta in $6.75 Billion Deal
- RHM GY : Rheinmetall Shares Dip Ahead of 3Q Investor Call; Renk Slides
- RHM GY : Rheinmetall rival slams ‘direct award’ to German arms group
- RIO LN : Rio Venture to Spend $733 Million on Australian Iron Ore Hub
- S32 LN : South32 Shares Rise as US Plans Stake Buy in Canadian JV Partner
- SAB SM : Key Sabadell Shareholder Martinez Will Not Withdraw Tender Order
- TSLA US : Tesla Plans to Unveil Cheaper Version of the Model Y on Tuesday
- VLA FP : Valneva Agrees $500M Debt Facility With Pharmakon Funds
- VLA FP : Valneva Cuts FY Revenue Forecast, Misses Estimates
- VAR NO : Var Boosts Output at Gjoa Field as Low Pressure Project Starts
- XAI : Elon Musk Names Ex-Morgan Stanley Banker CFO of xAI, FT Says