Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Japan’s Service Sector Sustains Growth Momentum in November 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian stock markets showed a mixed performance on Monday, with Japan and South Korea leading regional gains amid a rebound in technology shares, while China lagged despite signs of improving inflation. The positive sentiment was partly driven by a rally in U.S. stock futures, as reports indicated that a prolonged government shutdown may soon end. S&P 500 futures surged 0.6% in Asian trading, boosting investor confidence.
Japan’s Nikkei 225 rose 1.2%, and South Korea’s KOSPI jumped 2.8%, supported by strong rebounds in major tech stocks. Hong Kong’s Hang Seng also added 0.3%. Investors engaged in bargain buying after last week’s heavy tech-driven selloff, which stemmed from growing doubts over artificial intelligence-driven valuations. Key chipmakers led the rally, with SK Hynix gaining 5%, Samsung Electronics up 2.3%, Advantest climbing 3.9%, and Tokyo Electron advancing 4.3%. Taiwan Semiconductor Manufacturing Co. (TSMC) rose 1% in early trading. The rally was further fueled by NVIDIA CEO Jensen Huang’s comments highlighting strong demand for the firm’s new Blackwell AI chips.
Japanese e-commerce firm Mercari Inc. was a standout performer, soaring over 10% after reporting robust quarterly results, becoming the top gainer on the Nikkei 225.
In contrast, Chinese markets underperformed, with the Shanghai Shenzhen CSI 300 and Shanghai Composite Index trading flat to lower. October data showed China’s consumer price index rising for the first time since June, driven by Golden Week spending, while producer prices continued to decline for the 37th straight month. Despite this mild improvement, China remains mired in deflationary pressure amid weak consumer demand.
Elsewhere, Singapore’s Straits Times Index slipped 0.8%, Australia’s ASX 200 gained 0.7%—supported by ANZ Group’s 1.8% rise—and India’s Nifty 50 futures climbed 0.4%.
