CRYPTOCURRENCY
Retail FOMO goes missing as bitcoin pushes closer to its record
This may indicate that the market force known as fear of missing out, or FOMO, has yet to set in among individual investors — despite the fact that Bitcoin is only about 9% below the all-time peak of $73,798
WORLD
Hong Kong regains title as world’s freest economy from Singapore: Report
Hong Kong’s score of 8.58 edged out Singapore’s 8.55, according to the Fraser Institute’s latest Economic Freedom of the World report, covering 2022
MARKETS
Asian stocks rise, Chinese shares reverse gains
Shares in Hong Kong, mainland China and Australia gained, while Japanese stocks fluctuated
BUSINESS
Bitcoin approaches $70,000 with speculators eyeing record highs
Bitcoin last traded at $70,000 in July, and reached an all-time high of almost $74,000 in March.
BUSINESS
BlackRock in talks with Jio Financial for a private credit venture: Bloomberg
India has been a bright spot for private credit in Asia, with global firms like Apollo Global Management, Cerberus Capital Management LP and Varde Partners stepping up their operations, lured by the increased funding needs of local firms.
MARKETS
Adani delays dollar bond sale as investors push back on deal
The postponement comes as the media-to-mining group has been refocusing on growth opportunities
MARKETS
Hedge fund currency option bets are soaring on Trump tariff risk
Dollar calls are rising in popularity in the $300 billion-plus currency options markets
MARKETS
Chinese stocks flirt with correction as investor patience wanes
The CSI 300 Index was down 0.2% as of mid-day break after falling as much as 1.3% during morning trading
WORLD
Trump defends tariff plan while pressing for more Fed influence
The former president shrugged off the possibility that his proposed tariffs might disrupt supply chains or squeeze small businesses, saying companies would rapidly return manufacturing to the US to avoid the levies
MARKETS
Asian stocks slide as tech selloff hurts risk mood
Equity benchmarks in Sydney, Tokyo and Seoul all fell, while contracts pointed to declines in Hong Kong
BUSINESS
Global stocks optimism flashes Sell signal, BofA survey shows
Allocations to stocks surged, while bond exposure sank and cash levels in global portfolios fell to 3.9% in October from 4.2% last month, triggering a “sell signal” on global equities, the BofA note said.
INDIA
India’s rate-cut calls at risk after inflation picks up sharply
Governor Shaktikanta Das has kept the benchmark rate unchanged for more than 20 months
BUSINESS
Adani Group to sell Dollar Green Bonds second time this year
Units of the group’s clean-energy business, Adani Green Energy Ltd. are marketing a green 20-year note in the US currency on Tuesday, as that business ramps up spending to boost capacity.
WORLD
China may raise $846 billion to boost growth, says report
The funds will be partly used to help local governments relieve their burden from off-balance-sheet debt, according to the report late on Monday, citing unidentified people
WORLD
China moves to tax the ultra-rich for overseas investment gains
The move underscores growing urgency within the government to expand its sources of revenue as land sales tumble and growth slows
MARKETS
Asian stocks rise tracking US gains; oil declines
Benchmark indexes were up in Australia and Japan, and US futures advanced slightly.
BUSINESS
Asia’s IPO bankers look beyond China slump with $6 billion week
Listings from Hyundai Motor’s India unit, subway operator Tokyo Metro and Japanese X-ray company Rigaku Holdings will push IPO volumes in Asia Pacific excluding China past $28 billion, comfortably beating the $23.7 billion sold in 2023.
BUSINESS
Indian bonds suffer first weekly outflow since index inclusion
Overseas investors sold Rs 1,680 crore ($200 million) of so-called Fully Accessible Route bonds last week, according to Clearing Corporation of India data.
MARKETS
Chinese stocks fluctuate as traders assess fiscal support vows
The CSI 300 Index swung between a gain of 1.7% and a loss of 0.5%. It capped its worst week since late July on Friday
MARKETS
Chinese stocks gain after weekend fiscal briefing
The Australian and New Zealand dollars slipped against the greenback in early trading on Monday, while China’s yuan also weakened
WORLD
India likely to see small hit from Trump tariffs as threats grow
India’s gross domestic product will be 0.1% lower by 2028 if Trump is re-elected in November and goes ahead with a plan to impose a 60% tariff on Chinese goods and 20% tariffs on other countries, Bloomberg Economics estimated.
WORLD
India is now Russia’s No. 2 supplier of restricted technology
Indian exports of restricted items such as microchips, circuits and machine tools surpassed $60 million in both April and May, about double from earlier months this year, and leaped to $95 million in July, according to the officials, who asked not to be identified discussing private assessments. India is exceeded only by China.
BUSINESS
China to sell special sovereign bonds to boost bank capital
Authorities flagged in late September that they will boost core tier-1 capital at the six major commercial lenders
BUSINESS
China to issue local government bonds to support property sector
More expansionary public spending is deemed crucial to reviving the world’s second-largest economy.
