Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Asian Markets Decline Amid U.S. Election Uncertainty
Most Asian stocks fell on Tuesday as traders remained risk-averse due to uncertainty surrounding interest rates and the upcoming U.S. presidential election. In contrast, Chinese markets showed resilience, drifting higher after the People's Bank of China announced an interest rate cut.
Wall Street’s Impact on Asian Markets
Regional markets were influenced by a weak performance on Wall Street, where U.S. stock benchmarks retreated from record highs amid rising Treasury yields and the impending earnings season. In Asian trading, U.S. stock index futures were slightly negative, signaling cautious investor sentiment.
With the U.S. presidential elections only two weeks away, market attention is focused on the race between Republican nominee Donald Trump and Vice President Kamala Harris, with recent polls indicating Trump gaining an advantage.
Japan’s Nikkei 225 Leads Losses
Japan's Nikkei 225 was the worst performer in Asia, dropping 1.7%, while the TOPIX index declined by 1.1%. This downturn occurred despite a weakening yen, which usually benefits export-oriented stocks. Market participants are awaiting upcoming Japanese elections and a Bank of Japan meeting at the end of October, alongside crucial inflation data from Tokyo later this week.
Chinese Stocks Gain Following Rate Cut
Conversely, Chinese stocks provided a glimmer of hope, with the Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rising by 0.2% to 0.3%. This uptick followed a slightly larger-than-expected cut to the benchmark loan prime rate, part of a broader stimulus effort by Beijing to boost economic growth. While optimism initially drove Chinese markets to two-year highs in October, concerns over the measures' timing and scale have tempered enthusiasm.
