Asian Stocks Fall as Oil Tops $100, Yields Rise 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Norway Core Inflation Rises to 3% in August 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
South Korea GDP Surges on Chip and AI Boom 
Fitch Eyes Japan Budget for Fiscal Discipline 
Asian Stocks Mixed as Korean Chipmakers Rally 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
China Inflation Accelerates in August as CPI, PPI Rise 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
ECB Rate Hike in Focus as Oil Tops $100 
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Asian Stocks React to Cooling Rally and Stimulus Talks
Asian stock markets showed little movement on Thursday, following a rally sparked by Donald Trump’s 2024 U.S. election victory, as attention shifted to stimulus measures in China and the upcoming U.S. Federal Reserve meeting.
Chinese Markets and NPC Focus
Chinese stocks saw modest gains, with the Shanghai Shenzhen CSI 300 and Shanghai Composite indexes both up 0.4%, while Hong Kong’s Hang Seng index rose nearly 1%. Investors remained focused on the National People’s Congress (NPC) meeting, which began earlier this week, expecting an announcement on additional fiscal stimulus to support the economy. Chinese markets had initially been wary of Trump’s proposed 60% trade tariff on imports from China, but Beijing’s response, including a congratulatory message to Trump and a phone call with President Xi Jinping, helped stabilize sentiment.
Japan and Regional Market Movements
In Japan, the Nikkei 225 index fell 0.3%, reversing some of the 2.6% gain from the previous session, while the TOPIX index gained 0.8%. The yen weakened against the dollar, contributing to gains in export-focused stocks like Toyota, despite a disappointing earnings report. Broader regional markets moved in a narrow range, as initial optimism from Trump’s election win faded.
Australian and South Korean Markets
Australia’s ASX 200 dropped 0.2%, reflecting a weak trade balance due to low demand from China. South Korea’s KOSPI also fell 0.2%, and Indian markets are expected to open flat after a sharp rebound earlier this week.
