Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
NIO Inc. Shares Spike on Macquarie Upgrade and Promising Sales Growth
Chinese electric vehicle maker NIO Inc. saw a significant 12.2% surge in Hong Kong trading, reaching HK$46.60 after a Macquarie upgrade from "Neutral" to "Outperform." The stock mirrored a 10.5% overnight jump in NIO’s American Depository Receipts, buoyed by optimism for the company’s third-quarter earnings and an upbeat outlook for the fourth quarter.
Macquarie’s Higher Price Target
Macquarie’s revised target price for NIO rose to HK$65 from HK$52, based on expected strong quarterly earnings and elevated sales forecasts. The firm anticipates that NIO’s fourth-quarter performance will benefit from accelerated sales of its latest mass-market model, the ONVO L60, which launched this year to rival Tesla’s Model Y.
Record Deliveries Amid Competitive Market
Despite a competitive landscape and price pressures, NIO recorded record deliveries of 61,855 vehicles in the third quarter. The ONVO L60 has driven significant sales volumes since its September launch, positioning NIO to continue expanding its market share in the electric vehicle sector.
