Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Asian Markets Lifted by Chinese Stimulus Expectations
Most Asian stocks gained on Thursday, with Chinese markets leading the charge ahead of a government briefing on stimulus measures for the property sector. The Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose by 1.2%, while the Hang Seng Index in Hong Kong surged by 2.4%, driven by strong performance in property stocks.
The briefing, scheduled for later today, will outline new support for China's property market. Since late September, recent government announcements have fueled optimism for an economic recovery, leading to significant gains in Chinese stocks. Investors also await China's third-quarter GDP data, due Friday, which is expected to provide further insights into the country’s economic trajectory.
TSMC Earnings to Highlight AI Demand
Taiwan Semiconductor Manufacturing Company (TSMC) is set to release its third-quarter earnings later today, a key focus for investors. TSMC, a leader in global chipmaking, is expected to report a net profit of T$300.1 billion ($9.33 billion), driven by increasing demand for artificial intelligence technologies. Despite a 1% dip in Taipei shares, expectations remain high for AI-driven growth.
However, recent forecasts from ASML, another major player in the tech industry, indicated weaker sales for 2025, raising concerns about the sector’s future outlook.
Mixed Performance Across Broader Asian Markets
Australia's ASX 200 reached a record high, gaining 1% on optimism over China’s stimulus and strong domestic labor data. Meanwhile, Japan's Nikkei 225 fell 0.6% after reporting a larger-than-expected trade deficit for September, impacted by slowing exports to China.
South Korea's KOSPI remained flat, with chipmaking stocks subdued ahead of TSMC’s earnings, while India’s Nifty 50 futures pointed to a slightly weaker opening as major firms prepare to release earnings.
