Asian Stocks Fall as Oil Tops $100, Yields Rise 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
China Inflation Accelerates in August as CPI, PPI Rise 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Gold Prices Rise as Yen Rally Weakens Dollar 
South Korea GDP Surges on Chip and AI Boom 
Norway Core Inflation Rises to 3% in August 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
ECB Rate Hike in Focus as Oil Tops $100 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
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Asian Markets Gain as China’s Fiscal Stimulus Talks Begin
Most Asian stocks rose on Monday, driven by investor anticipation of further fiscal stimulus discussions from China’s National People’s Congress (NPC) Standing Committee meeting. However, market gains were tempered by risk aversion ahead of the U.S. elections and the Federal Reserve meeting this week.
Low Trading Volumes and Market Sentiment
Trading volumes were light due to a public holiday in Japan, with the Nikkei 225 futures slipping 0.2%. Asian markets were buoyed by Friday’s U.S. nonfarm payroll report, which came in softer than expected, fueling speculation that a cooling U.S. job market might prompt further Federal Reserve rate cuts.
Chinese Stocks Upbeat on Fiscal Stimulus Expectations
China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes advanced 0.5% and 0.3%, respectively, while Hong Kong’s Hang Seng rose 0.7%. Investors are closely monitoring the NPC meeting, where the committee is anticipated to propose substantial fiscal spending, including potential debt issuance of up to $1.4 trillion. Such measures aim to address deflationary pressures and revitalize China’s struggling property sector.
Australia Stocks Rise, Eyes on Reserve Bank
Australia’s ASX 200 edged up 0.3%, as investors await Tuesday's Reserve Bank of Australia (RBA) meeting. While the RBA is expected to maintain current rates, it may hint at hawkish policies due to persistent inflation. According to ANZ analysts, the bank does not anticipate beginning rate cuts until 2025.
Mixed Performance Across Asia
South Korea’s KOSPI led gains, rising 1.4% on strong chip stocks. In India, Nifty 50 futures indicated a flat start, with market focus shifting to upcoming earnings reports.
