Growing risk of a wider war in the Middle East and the uncertainty of dockworker strikes on the East and Gulf coasts weighed on the market sentiment. Shigeru Ishiba, Japan's newly appointed prime minister, called for a general election. Hong Kong indexes extended the stimulus rally with gains of 25% over six consecutive sessions.
The private sector activities in the U.S. remained robust in September, driven by strong momentum in the service sector. However, private sector activities remained in contraction in the eurozone for the fourth month in a row. China's youth unemployment edged higher as employers avoided adding new staff.