Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
An analyst described the license accorded by the US government to Qualcomm to sell 4G mobile phone chips to China’s Huawei Technologies Co Ltd. as having “limited impact” with consumers are shifting to newer 5G devices.
Stacy Rasgon, a Bernstein analyst who made the comment, said it remains to be seen whether US officials will grant Qualcomm licenses for 5G smartphone chips.
The license to sell several products, including 4G mobile phone chips, was an exemption to US trade restrictions against Huawei.
A Qualcomm spokeswoman declined to reveal 4G products the company can sell to Huawei but said these were for mobile devices.
The company has other license applications pending with the US government.
Qualcomm was among American semiconductor firms forced to stop selling to Huawei in September due to US trade restrictions.
Other US companies stopped from selling to Huawei, such as Micron Technology Inc., have also applied for licenses.
Intel Corp has been granted a license to sell to Huawei.
Industry analysts expect Huawei’s stockpile of chips acquired before the ban to run out early next year, paralyzing its smartphone business.
