Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian markets tumbled on Wednesday, extending Wall Street’s overnight losses as investors grew increasingly cautious about overstretched stock valuations. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.8%, led by a steep 4.1% decline in South Korean equities. U.S. e-mini futures also slipped 0.4% following a 1.2% fall in the S&P 500.
Chris Weston, head of research at Pepperstone Group in Melbourne, described the market mood as “a sea of red across broad markets,” noting the absence of strong buying catalysts until Nvidia’s earnings report on November 19.
The recent retreat from record highs reflects growing fears that global equity markets may have risen too far, too fast. Caution has intensified after top Wall Street executives, including the CEOs of Morgan Stanley and Goldman Sachs, questioned whether the rally’s lofty valuations are sustainable. JPMorgan Chase CEO Jamie Dimon previously warned of the potential for a significant market correction within the next two years.
Investor enthusiasm around generative AI has fueled massive gains this year, drawing comparisons to the late-1990s dot-com bubble. Japan’s Nikkei index plunged 2.5%, with tech giant SoftBank Group tumbling 10% amid the broader selloff.
In currency markets, the U.S. dollar fell 0.2% against the yen to 153.41 following the release of minutes from the Bank of Japan’s September policy meeting. The dollar index briefly touched a five-month high of 100.25. Benchmark 10-year U.S. Treasury yields edged lower to 4.0697%, while the euro traded steady at $1.1484 after hitting a three-month low.
In commodities, gold inched up 0.1% to $3,936.48 per ounce after three sessions of losses, and Brent crude remained stable at $64.44 per barrel. Bitcoin briefly dipped below $100,000 before rebounding to $100,499.70.
