Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Asian markets showed a cautious recovery on Tuesday as optimism returned over ongoing U.S.-China trade negotiations. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5%, while S&P 500 futures gained 0.3%, extending Wall Street’s rebound from Monday after U.S. Treasury Secretary Scott Bessent confirmed that President Donald Trump remains scheduled to meet Chinese leader Xi Jinping in South Korea later this month.
Wall Street had rallied up to 2.2% on Monday, led by chipmakers, as Trump adopted a more conciliatory tone on trade tensions. The rebound followed sharp global selloffs last Friday after Trump’s announcement of 100% tariffs on China reignited fears of a trade war. Market sentiment improved when Trump later signaled openness to negotiations via Truth Social.
Citi analysts suggested trade tensions are unlikely to escalate, citing China’s strong bargaining position that could force the U.S. into a more flexible stance. In Asia, Taiwan’s benchmark led gains with a 2.2% jump, and South Korea’s Kospi advanced 1% after Samsung Electronics forecasted a 32% surge in third-quarter operating profit, supported by robust demand for conventional memory chips.
Japan’s Nikkei fell 1.2% as markets reopened from a holiday, while Australia’s benchmark slipped 0.1%. In currency markets, the U.S. dollar strengthened to 152.40 yen, and the dollar index stood at 99.289. Traders are almost certain the Federal Reserve will cut rates by 25 basis points at its October 29 meeting, with a 97.8% probability priced in, according to CME Group’s FedWatch tool.
Elsewhere, the euro was steady at $1.1566 after French President Emmanuel Macron rejected resignation calls. Brent crude edged up 0.4% to $63.56 per barrel following an OPEC report projecting balanced global oil supply in 2026. Gold rose 0.7% to $4,138.39 per ounce, while Bitcoin and Ether slipped 0.9% and 1.5%, respectively.
