Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
China Inflation Accelerates in August as CPI, PPI Rise 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Gold Prices Rise as Yen Rally Weakens Dollar 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
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Asian Markets Decline as U.S. Rate Worries Weigh on Investors
On Tuesday, most Asian markets fell, tracking overnight losses in Wall Street. A strong U.S. labor market increased concerns that the Federal Reserve may keep interest rates elevated for a longer period, unsettling global markets.
China's Markets Rally on Stimulus Optimism
Chinese markets, however, outperformed the region, rising sharply as trading resumed after the Golden Week holiday. The Shanghai Composite and CSI 300 indexes rose by nearly 2-3% in early trading. Investors were optimistic after Beijing introduced several stimulus measures to boost economic growth, including rate cuts, lower reserve requirements for banks, and property market reforms. Chinese officials are set to provide further details on these policies soon, heightening anticipation for more economic support.
Tech Stocks Lead Losses Across Asia
Technology stocks saw the most significant losses in Asia, following declines in major U.S. tech companies. South Korea’s KOSPI dipped 0.7%, dragged down by a 1.5% decline in Samsung Electronics, which projected weaker-than-expected Q3 earnings. Similarly, Japan’s Nikkei 225 dropped 1.2%, with tech giants under pressure.
Hong Kong Sees Sharp Drop Amid Profit-Taking
Hong Kong’s Hang Seng index tumbled nearly 4%, reversing earlier gains driven by optimism over Chinese stimulus. Profit-taking by investors following the rally contributed to the steep drop.
Australia Sees Limited Losses
Australia’s ASX 200 index experienced limited declines, buoyed by positive consumer sentiment data and its close trade ties with China. The country's exposure to the Chinese economy cushioned the impact of broader market losses.
Investors across the region remain cautious as they await key economic data and the Fed’s rate decisions, particularly concerning inflation and the global tech sector.
