Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Japan's Political Future in Turmoil After Election Setback for Ruling Coalition
Japan is facing political uncertainty after voters delivered a significant blow to Prime Minister Shigeru Ishiba's ruling coalition. The Liberal Democratic Party (LDP) and its junior partner, Komeito, saw their seats in the lower house of parliament fall from 279 to 215, losing public support amid a funding scandal and economic challenges.
The election outcome has left no party with a clear mandate to govern the world’s fourth-largest economy, sparking concerns over prolonged political negotiations. As a result, the Japanese yen dropped to a three-month low as investors brace for potential weeks of political uncertainty and leadership changes.
Opposition Gains But Falls Short
The biggest winner was the Constitutional Democratic Party of Japan (CDPJ), which gained 148 seats, up from 98. However, the CDPJ still falls short of the 233-seat majority needed to form a government. While smaller parties made gains, their role in forming a coalition remains uncertain.
Ishiba's Leadership in Question
Prime Minister Ishiba, who took office less than a month ago, faces an uphill battle to retain his position. Political analysts, including Tobias Harris of Japan Foresight, suggest that Ishiba may not survive as the LDP leader and could serve as a caretaker in the short term.
Ishiba is scheduled to hold a press conference at 2 p.m. local time, with the LDP expected to convene parliament by November 7 to confirm a new government.
Conclusion
As Japan faces political headwinds, economic challenges, and regional security tensions, its future leadership remains uncertain. The coming days will reveal whether Ishiba can navigate his party through this crisis or if Japan will see new leadership.
