Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Asian Stocks Mixed as Korean Chipmakers Rally 
South Korea GDP Surges on Chip and AI Boom 
Asian Currencies Mixed as Yen Rallies on BOJ Bets 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
China to Inject $45 Billion Into State Financial Institutions 
China Inflation Accelerates in August as CPI, PPI Rise 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
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Russian stocks edged higher on Saturday, driven by strength in the oil, gas, and power sectors. The MOEX Russia Index closed up 0.26%, signaling cautious optimism among investors despite mixed performance across key equities.
Bank VTB PJSC (MCX:VTBR) led the session’s gainers, inching up 0.02% to 83.30. GDR ROS AGRO PLC (MCX:AGRODR) remained flat at 1,083.80, while TATNEFT (MCX:TATN) slipped slightly by 0.09% to 693.40.
However, steelmakers weighed on the index. Magnitogorsk Iron & Steel Works (MCX:MAGN) saw the steepest loss, plunging 3.85% to 32.49. Severstal PJSC (MCX:CHMF) fell 3.73% to 1,022.40, and diamond giant ALROSA PJSC (MCX:ALRS) dropped 3.69% to 50.40.
Market breadth data was unavailable, indicating neutral sentiment across the broader exchange. Volatility remained stable, with the Russian Volatility Index (RVI) unchanged at 51.60.
In the commodities market, gold futures for June dipped 0.15% to $3,341.30 per troy ounce. Crude oil for May surged 3.54%, reaching $64.68 per barrel, while June Brent gained 3.20% to settle at $67.96, reflecting increased energy demand and geopolitical tensions.
Currency movements showed mixed trends. The USD/RUB pair declined 0.09% to 82.10, while EUR/RUB advanced 0.16% to 93.52. Meanwhile, the U.S. Dollar Index Futures saw minimal movement, down 0.01% at 99.13.
Despite weak performances from major metal stocks, gains in the energy sector helped lift the overall index. Investors continue to monitor global commodity prices and currency fluctuations as geopolitical developments unfold.
