Asian Stocks Mixed as Korean Chipmakers Rally 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
German Inflation Accelerates to 2.9% in August 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
South Korea GDP Surges on Chip and AI Boom 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Fitch Eyes Japan Budget for Fiscal Discipline 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
ECB Rate Hike in Focus as Oil Tops $100 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
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Asian Currencies Stabilize as Markets Await China Stimulus
Most Asian currencies remained stable on Thursday, as investors awaited clearer signals on potential financial stimulus from China. Meanwhile, the U.S. dollar maintained its strength, reaching 2.5-month highs driven by rising speculation over Donald Trump's possible second term as president.
Dollar Steadies on Trump Trade Prospects
The U.S. dollar index saw a slight dip in Asian markets but stayed near its peak since early August. Predictions of a Trump re-election, which crypto betting platforms like Polymarket currently favor, have boosted the dollar. While some media polls show Vice President Kamala Harris with a narrow lead, Trump’s policies—such as tariff increases and closer Fed coordination—are expected to drive inflation, bolstering both the dollar and U.S. Treasury yields.
Adding to the dollar's strength was the euro's decline ahead of an anticipated European Central Bank interest rate cut.
Chinese Yuan Slips Amid Housing Stimulus Concerns
The Chinese yuan weakened slightly, with the USDCNY pair rising by 0.1%. Investors were disappointed by the latest housing sector stimulus measures, which fell short of expectations during a government briefing. With third-quarter GDP data expected on Friday, markets are watching for further indicators of China's economic health.
Regional Currencies Mixed as Dollar Strengthens
Across the region, currency performance varied. The Japanese yen was flat amid a larger-than-expected trade deficit, while the Australian dollar gained 0.2% due to robust labor market data. South Korea’s win rose 0.4%, but the Indian rupee hovered near record lows.
