Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
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 Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Mainland Chinese stocks soared to two-year highs on Tuesday, propelled by strong government stimulus. Upon reopening after a week-long break, mainland markets saw a $600 billion surge in market value within minutes of trading. Semiconductor and construction stocks led the rally, with the CSI300 blue-chip index jumping 10% at the open and closing 6% higher by midday. The Shanghai Composite also hit its highest level since December 2021, up 5%.
In contrast, Hong Kong’s Hang Seng Index dropped 6.8%, as investors took profits following recent gains. Analysts noted that some mainland market performances fell short of expectations, tempering sentiment in Hong Kong.
China's stimulus measures, including aggressive fiscal policies, are driving the current rally. BOC International recommends tech and construction stocks as prime long-term investments, indicating that risks of further economic slowdown have been reduced. However, some analysts warn of a potential correction due to profit-taking.
The semiconductor sector in China saw particularly strong gains, with the CSI all-share semiconductor index up 16%, while construction stocks rose 5.1%. Despite mainland gains, Hong Kong's property developer index fell by 11%, signaling potential technical selling pressures.
Economic officials in Beijing reiterated their confidence in achieving full-year growth targets, announcing plans for significant budget spending to boost growth. Investors remain optimistic, though caution is advised as China’s MSCI EM Index weighting has significantly increased.
