Market Update
China Policymakers Prioritize Self Reliance Amid Growing Trade Tensions
Li Chen
24 Oct, 2025
Hong Kong
Stocks in China and Hong Kong traded higher, and top policymakers vowed to accelerate investment in the domestic economy.
The Hang Seng index increased by 0.5%, while the mainland-focused CSI 300 index edged up by 0.4%, extending their weekly gains to 0.9% and 1.7%, respectively.
Policymakers stressed the importance of accelerating domestic economic development, advancing the use of modern technologies, and keeping social stability.
The communique was released at the end of the fourth plenum of the 20th Central Committee of the Communist Party of China, held between October 20 and 23 in Beijing.
"We must maintain a reasonable proportion of manufacturing and build a modern industrial system with advanced manufacturing as its backbone.
We must optimize and upgrade traditional industries, cultivate and strengthen emerging and future industries, promote the high-quality and efficient development of the service industry, and build a modern infrastructure system," according to a statement released by committee members.
China Indexes and Stocks
The Hang Seng Index increased 0.5% to 26,122.10, and the mainland-focused CSI 300 index edged up 0.4% to 4,636.93.
Alibaba Group Holding increased 2.2% to HK $168.40, Tencent Holdings gained 0.6% to HK $635.0, Baidu Inc. advanced 1.2% to HK $117.90, and SMIC soared 6.3% to HK $78.70.
Li Ning Co. Ltd dropped 2% to HK $18.17, ANTA Sports Products inched up 0.2% to HK $88.30, and Nongfu Spring Co. Ltd increased 0.3% to HK $54.60.
Dynamic Electronics soared 380% to 83.52 yuan, and the company listed its stock on the Shanghai Stock Exchange.
The company sold 52.5 million shares and priced its offering at 17.08 yuan per share.
U.S. Stocks Rest After Mixed Batch of Earnings, Trump's Russia Sanctions Drive Oil Prices Higher
Barry Adams
23 Oct, 2025
New York City
U.S. stocks struggled to stay above the flatline, and investors reviewed the fresh batch of mixed earnings.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite eased 0.3% following sharp sell-offs in Tesla, IBM, and Lam Research.
So far large companies have delivered on earnings growth, and investors are hoping that the current record market valuations are still justified by the earnings level.
The sharp escalation in tariffs has not affected corporate earnings so far, and investors are looking for clues as to how businesses are adjusting to higher import costs, resurgent inflation, and falling margins.
Investors in China and Hong Kong have largely ignored the ongoing trade tensions with the U.S. as China's share of U.S. shipments continues to fall and has dropped to 25% of global exports.
Gold rebounded 0.7% to $4,130.22 per ounce, and silver edged up 1.5% to $49.24 an ounce from the brutal sell-off of 8% over the previous two days.
Crude oil soared 6.1% to $62.08 per barrel after the U.S. president announced new sanctions on two Russian oil companies, citing stalled Ukraine peace talks.
The U.S. announced severe financial and shipping sanctions on Russia's Lukoil and Rosneft while urging India and China to scale back purchases.
U.S. Stock Movers
Southwest Airlines Co. increased 1% to $34.11 after the company reported a surprise income in the third quarter.
Revenue increased 1% to $6.94 million from $6.87 million, net income dropped 19% to $54 million from $67 million, and diluted earnings per share decreased to 10 cents from 11 cents a year ago.
The airline guided available seat miles to increase by about 6% and revenue per available seat mile to rise between 1% and 3% in the fourth quarter, respectively.
The airline estimated its 2025 operating earnings to be between $600 million and $800 million, and the company reiterated its contribution to operating earnings from improvement initiatives of $1.8 billion.
Tesla Inc. decreased 3.3% to $424.55, and the electric vehicle maker reported mixed third-quarter results.
Revenue advanced 12% to $28 billion from $25.2 billion, net income dropped 37% to $1.4 billion from $2.2 billion, and diluted earnings per share dropped 37% to 39 cents from 67 cents.
Revenue in the automotive segment rose 6% to $21.2 billion, energy generation and storage soared 44%, and services and other revenues advanced 25% to $3.5 billion.
International Business Machines dropped 6.7% to $287.51 after the company released its third-quarter results.
Revenue increased 9% to $16.3 billion from $14.9 billion, net income swung to a profit of $1.7 billion from a loss of $330 million, and diluted earnings per share were $1.84 compared to a loss of 36 cents a year ago.
The company declared a cash dividend of $1.68 per share payable on December 10 to shareholders, recorded on November 10.
Stock faced selling pressure after revenue growth in the hybrid cloud unit, also known as Red Hat, slowed to 14% from 16% in the previous quarter.
The company raised its fiscal year revenue outlook to a growth of more than 5%, compared to the previous estimate of at least 5%.
U.S. Stocks Rest After Mixed Batch of Earnings, Trump's Russia Sanctions Drive Oil Prices Higher
Barry Adams
23 Oct, 2025
New York City
U.S. stocks struggled to stay above the flatline, and investors reviewed the fresh batch of mixed earnings.
The S&P 500 index decreased 0.1%, and the Nasdaq Composite eased 0.3% following sharp sell-offs in Tesla, IBM, and Lam Research.
So far large companies have delivered on earnings growth, and investors are hoping that the current record market valuations are still justified by the earnings level.
The sharp escalation in tariffs has not affected corporate earnings so far, and investors are looking for clues as to how businesses are adjusting to higher import costs, resurgent inflation, and falling margins.
Investors in China and Hong Kong have largely ignored the ongoing trade tensions with the U.S. as China's share of U.S. shipments continues to fall and has dropped to 25% of global exports.
Gold rebounded 0.7% to $4,130.22 per ounce, and silver edged up 1.5% to $49.24 an ounce from the brutal sell-off of 8% over the previous two days.
Crude oil soared 6.1% to $62.08 per barrel after the U.S. president announced new sanctions on two Russian oil companies, citing stalled Ukraine peace talks.
The U.S. announced severe financial and shipping sanctions on Russia's Lukoil and Rosneft while urging India and China to scale back purchases.
U.S. Stock Movers
Southwest Airlines Co. increased 1% to $34.11 after the company reported a surprise income in the third quarter.
Revenue increased 1% to $6.94 million from $6.87 million, net income dropped 19% to $54 million from $67 million, and diluted earnings per share decreased to 10 cents from 11 cents a year ago.
The airline guided available seat miles to increase by about 6% and revenue per available seat mile to rise between 1% and 3% in the fourth quarter, respectively.
The airline estimated its 2025 operating earnings to be between $600 million and $800 million, and the company reiterated its contribution to operating earnings from improvement initiatives of $1.8 billion.
Tesla Inc. decreased 3.3% to $424.55, and the electric vehicle maker reported mixed third-quarter results.
Revenue advanced 12% to $28 billion from $25.2 billion, net income dropped 37% to $1.4 billion from $2.2 billion, and diluted earnings per share dropped 37% to 39 cents from 67 cents.
Revenue in the automotive segment rose 6% to $21.2 billion, energy generation and storage soared 44%, and services and other revenues advanced 25% to $3.5 billion.
International Business Machines dropped 6.7% to $287.51 after the company released its third-quarter results.
Revenue increased 9% to $16.3 billion from $14.9 billion, net income swung to a profit of $1.7 billion from a loss of $330 million, and diluted earnings per share were $1.84 compared to a loss of 36 cents a year ago.
The company declared a cash dividend of $1.68 per share payable on December 10 to shareholders, recorded on November 10.
Stock faced selling pressure after revenue growth in the hybrid cloud unit, also known as Red Hat, slowed to 14% from 16% in the previous quarter.
The company raised its fiscal year revenue outlook to a growth of more than 5%, compared to the previous estimate of at least 5%.
Japan's Indexes Faced Headwinds Amid Rising US-China Trade Tensions
Akira Ito
23 Oct, 2025
Tokyo
Japan's markets plunged on Thursday, and investors booked profits and awaited the release of fiscal measures from the newly elected prime minister.
Sanae Takaichi's government is expected to release a fiscal stimulus package as early as next week, larger than last year's 13.9 trillion yen.
The government's measures are likely to focus on providing additional fuel and utilities assistance and subsidies for household appliances and equipment.
Stocks in Japan declined, tracking overnight losses in New York, amid rising trade tensions between Japan and the U.S.
The leaders of two nations are expected to meet on the sidelines of the APEC meeting in South Korea, and the U.S. president announced possible restrictions on the sale of software to China effective November 1.
Japan's stocks faced headwinds as investors worried about the sustainability of the coalition between the LDP and the Japan Innovation Party.
The yen weakened 0.3% to 152.35 against the U.S. dollar amid rising expectations that the Bank of Japan may prolong its ultra-loose monetary policy.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 1.7%, and the broader Topix fell 0.6% to 3,246.56.
Toyota Motor Corp. decreased 0.4% to ¥3,092.0, Honda Motor Co. Ltd. decreased 1.1% to ¥1,601.50, and Nissan Motor Co. Ltd. fell 0.3% to ¥376.60.
Sony Group declined 0.2% to ¥4,392.0, Canon Inc. decreased 0.8% to ¥4,529.0, and Fujitsu Ltd. decreased 0.2% to ¥3,845.0.
Tokyo Electron fell 0.4% to ¥29,630.0, Advantest Corp. fell 3.7% to ¥16,465.0, and Lasertec Corp. dropped 2.8% to ¥20,815.0.
Nippon Yusen KK added 0.9% to ¥5,172.0, Mitsui O.S.K. Lines Ltd. added 0.5% to ¥4,450.0, and Kawasaki Kisen Kaisha Ltd. advanced 1% to ¥2,144.50.
Japan's Indexes Faced Headwinds Amid Rising US-China Trade Tensions
Akira Ito
23 Oct, 2025
Tokyo
Japan's markets plunged on Thursday, and investors booked profits and awaited the release of fiscal measures from the newly elected prime minister.
Sanae Takaichi's government is expected to release a fiscal stimulus package as early as next week, larger than last year's 13.9 trillion yen.
The government's measures are likely to focus on providing additional fuel and utilities assistance and subsidies for household appliances and equipment.
Stocks in Japan declined, tracking overnight losses in New York, amid rising trade tensions between Japan and the U.S.
The leaders of two nations are expected to meet on the sidelines of the APEC meeting in South Korea, and the U.S. president announced possible restrictions on the sale of software to China effective November 1.
Japan's stocks faced headwinds as investors worried about the sustainability of the coalition between the LDP and the Japan Innovation Party.
The yen weakened 0.3% to 152.35 against the U.S. dollar amid rising expectations that the Bank of Japan may prolong its ultra-loose monetary policy.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 1.7%, and the broader Topix fell 0.6% to 3,246.56.
Toyota Motor Corp. decreased 0.4% to ¥3,092.0, Honda Motor Co. Ltd. decreased 1.1% to ¥1,601.50, and Nissan Motor Co. Ltd. fell 0.3% to ¥376.60.
Sony Group declined 0.2% to ¥4,392.0, Canon Inc. decreased 0.8% to ¥4,529.0, and Fujitsu Ltd. decreased 0.2% to ¥3,845.0.
Tokyo Electron fell 0.4% to ¥29,630.0, Advantest Corp. fell 3.7% to ¥16,465.0, and Lasertec Corp. dropped 2.8% to ¥20,815.0.
Nippon Yusen KK added 0.9% to ¥5,172.0, Mitsui O.S.K. Lines Ltd. added 0.5% to ¥4,450.0, and Kawasaki Kisen Kaisha Ltd. advanced 1% to ¥2,144.50.
China Stocks Lacked Momentum Ahead of Fourth Plenum Blueprint Details
Li Chen
23 Oct, 2025
Hong Kong
Stocks in China flatlined as top policymakers convened in Beijing for the fourth Plenum of he Communist Party's Central Committee.
The Hang Seng index decreased 0.1%, and the mainland-focused CSI 300 index declined 0.6%.
Latter in the day, China's policymakers are set to announce their blueprint for economic development between 2026 and 2030 as the world's second-largest economy tightens trade linkages with the ASEAN region.
Policymakers are set to devise a plan to accelerate investment in advanced technologies, diversify China's exports away from the U.S., and deepen investments in South America, Africa, and the ASEAN region.
Moreover, local governments are seeking alternative revenues as the residential property market's collapse shows no signs of easing.
China's economic growth is likely to experience a further slowdown of between 2% and 4%, and deflationary forces are likely to keep profit margins thin for the foreseeable future.
At the same time, low interest rates are spurring investors to shift into riskier assets and seek safe haven in precious metals.
China Indexes and Stocks
The Hang Seng Index decreased 0.1% to 25,752.32, and the CSI 300 index dropped 0.6% to 4,565.79.
Property developers advanced amid hopes of additional stimulus after the end of the fourth Plenum.
China Vanke decreased 0.8% to HK $4.62, Longfor Group Holdings dropped 0.7% to HK $10.27, and Sun Hung Kai Properties Ltd. rose 0.6% to HK $92.75.
Midea Group edged up 0.1% to HK $82.65, Pop Mart International Group dropped 9.9% to HK $232.20, Nongfu Spring Co. Ltd. eased 0.4% to HK $54.05, Li Ning Co. Ltd. soared 6% to HK $18.44, and Anta Sports Products decreased 0.1% to HK $87.40.
Zijin Gold International dropped 1.7% to HK $129.10 after gold prices extended a two-day losses to over 8%, the deepest decline in 12 years.
Shandong Gold Mining dropped 1.7% to HK $33.50, Zijin Mining Group decreased 1.7% to HK $31.22, and Chifeng Jilong Gold Mining 2% to HK $27.94.
China Stocks Lacked Momentum Ahead of Fourth Plenum Blueprint Details
Li Chen
23 Oct, 2025
Hong Kong
Stocks in China flatlined as top policymakers convened in Beijing for the fourth Plenum of he Communist Party's Central Committee.
The Hang Seng index decreased 0.1%, and the mainland-focused CSI 300 index declined 0.6%.
Latter in the day, China's policymakers are set to announce their blueprint for economic development between 2026 and 2030 as the world's second-largest economy tightens trade linkages with the ASEAN region.
Policymakers are set to devise a plan to accelerate investment in advanced technologies, diversify China's exports away from the U.S., and deepen investments in South America, Africa, and the ASEAN region.
Moreover, local governments are seeking alternative revenues as the residential property market's collapse shows no signs of easing.
China's economic growth is likely to experience a further slowdown of between 2% and 4%, and deflationary forces are likely to keep profit margins thin for the foreseeable future.
At the same time, low interest rates are spurring investors to shift into riskier assets and seek safe haven in precious metals.
China Indexes and Stocks
The Hang Seng Index decreased 0.1% to 25,752.32, and the CSI 300 index dropped 0.6% to 4,565.79.
Property developers advanced amid hopes of additional stimulus after the end of the fourth Plenum.
China Vanke decreased 0.8% to HK $4.62, Longfor Group Holdings dropped 0.7% to HK $10.27, and Sun Hung Kai Properties Ltd. rose 0.6% to HK $92.75.
Midea Group edged up 0.1% to HK $82.65, Pop Mart International Group dropped 9.9% to HK $232.20, Nongfu Spring Co. Ltd. eased 0.4% to HK $54.05, Li Ning Co. Ltd. soared 6% to HK $18.44, and Anta Sports Products decreased 0.1% to HK $87.40.
Zijin Gold International dropped 1.7% to HK $129.10 after gold prices extended a two-day losses to over 8%, the deepest decline in 12 years.
Shandong Gold Mining dropped 1.7% to HK $33.50, Zijin Mining Group decreased 1.7% to HK $31.22, and Chifeng Jilong Gold Mining 2% to HK $27.94.
U.S. Stocks Lack Momentum as Earnings Pour In; Precious Metals' Brutal Two-Day Sell-Off Continues
Barry Adams
22 Oct, 2025
New York City
Benchmark indexes on Wall Street struggled to advance, following strong gains in the previous session.
The S&P 500 index increased 0.1%, and the Nasdaq Composite decreased 0.1%, and they hovered near record highs ahead of key earnings reports.
Market indexes traded near record highs despite worries about the regional bank's exposure to non-bank finance lending.
Investors are hopeful that corporate earnings are likely to stay ahead of market expectations, despite Trump's tariff whiplash and ongoing macroeconomic uncertainties.
For now, investors have shrugged off the prolonged federal government shutdown, but economists are worried that the U.S. economy is likely to shrink amid contracting international trade, a shrinking labor pool, and a steady increase in already elevated federal government debt.
Gold dropped 1.1% to $4,076 an ounce and extended its two-day losses to over 8% as traders booked profit.
U.S. Stock Movers
Netflix Inc. dropped 7% to $1,154.23 after the streaming services provider reported mixed third-quarter results.
Revenue in the period increased to $11.5 billion from $9.8 billion, net income advanced to $2.5 billion from $2.4 billion, and diluted earnings per share rose to $5.87 from $5.40 a year ago.
The streaming service provider attributed weaker-than-estimated earnings to the ongoing $619 million tax expense with the Brazilian tax department.
Western Alliance Bancorp rose 2.4% to $78.06 after the regional bank reported better-than-expected third-quarter earnings.
Net revenue increased 10.9% to $938.2 million, net income advanced 9.5% to $260.5 million from $237.8 million, and diluted earnings per share rose 10.1% to $2.28 from $2.07 a year ago.
Coca-Cola Company jumped 4% to $71.22, and the beverage company reported better-than-expected revenue and earnings in the third quarter.
The resilient demand for zero-sugar beverages and Fairlife, ultra-filtered milk, in the U.S. supported the 1% increase in global unit sales, while the price rose 6% from a year ago.
Revenue in the period increased 5% to $12.5 billion from $11.8 billion, net income advanced to $3.8 billion from $2.9 billion, and diluted earnings per share rose to 86 cents from 66 cents a year ago.
The company reiterated adjusted revenue growth between 5% and 6%, and comparable adjusted earnings per share to increase 3% to $2.88.
The Atlanta-based beverage company is set to launch the U.S. launch of the 7.5-ounce single-serve sugarcane drink this fall, priced at less than $2 in convenience stores.
U.S. Stocks Lack Momentum as Earnings Pour In; Precious Metals' Brutal Two-Day Sell-Off Continues
Barry Adams
22 Oct, 2025
New York City
Benchmark indexes on Wall Street struggled to advance, following strong gains in the previous session.
The S&P 500 index increased 0.1%, and the Nasdaq Composite decreased 0.1%, and they hovered near record highs ahead of key earnings reports.
Market indexes traded near record highs despite worries about the regional bank's exposure to non-bank finance lending.
Investors are hopeful that corporate earnings are likely to stay ahead of market expectations, despite Trump's tariff whiplash and ongoing macroeconomic uncertainties.
For now, investors have shrugged off the prolonged federal government shutdown, but economists are worried that the U.S. economy is likely to shrink amid contracting international trade, a shrinking labor pool, and a steady increase in already elevated federal government debt.
Gold dropped 1.1% to $4,076 an ounce and extended its two-day losses to over 8% as traders booked profit.
U.S. Stock Movers
Netflix Inc. dropped 7% to $1,154.23 after the streaming services provider reported mixed third-quarter results.
Revenue in the period increased to $11.5 billion from $9.8 billion, net income advanced to $2.5 billion from $2.4 billion, and diluted earnings per share rose to $5.87 from $5.40 a year ago.
The streaming service provider attributed weaker-than-estimated earnings to the ongoing $619 million tax expense with the Brazilian tax department.
Western Alliance Bancorp rose 2.4% to $78.06 after the regional bank reported better-than-expected third-quarter earnings.
Net revenue increased 10.9% to $938.2 million, net income advanced 9.5% to $260.5 million from $237.8 million, and diluted earnings per share rose 10.1% to $2.28 from $2.07 a year ago.
Coca-Cola Company jumped 4% to $71.22, and the beverage company reported better-than-expected revenue and earnings in the third quarter.
The resilient demand for zero-sugar beverages and Fairlife, ultra-filtered milk, in the U.S. supported the 1% increase in global unit sales, while the price rose 6% from a year ago.
Revenue in the period increased 5% to $12.5 billion from $11.8 billion, net income advanced to $3.8 billion from $2.9 billion, and diluted earnings per share rose to 86 cents from 66 cents a year ago.
The company reiterated adjusted revenue growth between 5% and 6%, and comparable adjusted earnings per share to increase 3% to $2.88.
The Atlanta-based beverage company is set to launch the U.S. launch of the 7.5-ounce single-serve sugarcane drink this fall, priced at less than $2 in convenience stores.
Japan's Indexes Struggled to Rise Above Flatline, Exports and Imports Advanced In September
Akira Ito
22 Oct, 2025
Tokyo
Stocks in Tokyo recovered from the morning's losses on Thursday, and investors shifted their focus to a flood of earnings results next week.
The Nikkei 225 Stock Average edged up a fraction, and the broader Topix advanced 0.7% amid receding optimism about additional fiscal stimulus.
Japan's newly elected Prime Minister Sanae Takaichi is likely to face hurdles in pushing through fiscal reforms, and investors are questioning the sustainability of the coalition between the LDP and the Japan Innovation Party.
Japan's Exports and Imports Advanced In September
Japan posted a trade deficit in September after the government's continued fuel subsidies and utility rebates supported higher imports.
Exports increased 4.2% to 9.4 trillion yen, and imports advanced 3.3% to 9.6 trillion yen, resulting in a narrower trade deficit of 234.6 billion yen compared to 306.1 billion yen a year ago.
Goods shipments to the U.S. fell for the sixth consecutive month amid weaker demand for chip-making equipment, automobiles, and electrical equipment.
Despite a relief in U.S. tariffs, exports to the U.S. dropped 13.3%, driven by a 24% plunge in automobile shipments, prompting worries that the ongoing margin pressures could slow down domestic wage growth in the immediate future.
Exports increased by 5.8% to China, 8% to ASEAN countries, 5.0% to the European Union, and nearly 19% to the Middle East.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.01% to 49,325.57, and the broader Topix gained 0.7% to 3,271.74.
Tokyo Electron increased 0.2% to ¥30,770.0, Advantest Corp. fell 2.5% to ¥16,960.0, and Disco Corp. was nearly unchanged at ¥52,540.0.
Toyota Motor Corp. increased 3.6% to ¥3,114.0, Honda Motor Co. Ltd. advanced 4.2% to ¥1,618.0, and Nissan Motor Co. Ltd. gained 3.6% to ¥378.80.
IHI Corp. increased 6.5% to ¥3,025.0, Fujikura Ltd. inched up 0.5% to ¥16,760.0, and Fast Retailing Co. Ltd. gained 1.2% to ¥55,210.0, and SoftBank Group decreased 4.2% to ¥23,855.0.
Japan's Indexes Struggled to Rise Above Flatline, Exports and Imports Advanced In September
Akira Ito
22 Oct, 2025
Tokyo
Stocks in Tokyo recovered from the morning's losses on Thursday, and investors shifted their focus to a flood of earnings results next week.
The Nikkei 225 Stock Average edged up a fraction, and the broader Topix advanced 0.7% amid receding optimism about additional fiscal stimulus.
Japan's newly elected Prime Minister Sanae Takaichi is likely to face hurdles in pushing through fiscal reforms, and investors are questioning the sustainability of the coalition between the LDP and the Japan Innovation Party.
Japan's Exports and Imports Advanced In September
Japan posted a trade deficit in September after the government's continued fuel subsidies and utility rebates supported higher imports.
Exports increased 4.2% to 9.4 trillion yen, and imports advanced 3.3% to 9.6 trillion yen, resulting in a narrower trade deficit of 234.6 billion yen compared to 306.1 billion yen a year ago.
Goods shipments to the U.S. fell for the sixth consecutive month amid weaker demand for chip-making equipment, automobiles, and electrical equipment.
Despite a relief in U.S. tariffs, exports to the U.S. dropped 13.3%, driven by a 24% plunge in automobile shipments, prompting worries that the ongoing margin pressures could slow down domestic wage growth in the immediate future.
Exports increased by 5.8% to China, 8% to ASEAN countries, 5.0% to the European Union, and nearly 19% to the Middle East.
Japan Indexes and Stocks
The Nikkei 225 Stock Average increased 0.01% to 49,325.57, and the broader Topix gained 0.7% to 3,271.74.
Tokyo Electron increased 0.2% to ¥30,770.0, Advantest Corp. fell 2.5% to ¥16,960.0, and Disco Corp. was nearly unchanged at ¥52,540.0.
Toyota Motor Corp. increased 3.6% to ¥3,114.0, Honda Motor Co. Ltd. advanced 4.2% to ¥1,618.0, and Nissan Motor Co. Ltd. gained 3.6% to ¥378.80.
IHI Corp. increased 6.5% to ¥3,025.0, Fujikura Ltd. inched up 0.5% to ¥16,760.0, and Fast Retailing Co. Ltd. gained 1.2% to ¥55,210.0, and SoftBank Group decreased 4.2% to ¥23,855.0.
Earnings Optimism Lifts U.S. Stocks, Precious Metals Extend Blistering Rally
Barry Adams
20 Oct, 2025
New York City
Stocks in New York advanced on Monday as investors prepared to review a fresh batch of earnings and an inflation update later in the week.
In the week ahead, earnings season ramps up in full swing, and investors are anticipating results from Coca-Cola, Philip Morris, Procter & Gamble, General Electric, GE Aerospace, Tesla, IBM, Netflix, Intuitive Surgical, Intel, CME, and Netflix.
At least 400 companies are scheduled to release their quarterly results, and investors are looking to understand how businesses and consumers are adjusting to Trump's steep tariffs and chaotic administration and rapidly cooling labor market.
The U.S. federal government shutdown is set to enter its fourth week, and the consumer inflation report on Friday will be the only government data reported by a federal agency amid a general data blackout.
U.S. Stock Movers
The S&P 500 index edged up 0.3%, the tech-heavy Nasdaq Composite advanced 0.4%, gold advanced 1.5% to $4,316 an ounce, and silver gained 1% to $52.45 an ounce.
Hologic Inc. gained 4.5% to $73.05 on speculation that the company is in advanced talks with the private equity groups TPG and Blackstone.
The medical technology company is likely to accept a $75 per share deal to go private, valuing the company at $17 billion.
Cleveland-Cliffs jumped 15.4% to $15.30 after the steelmaker's third-quarter results surpassed market expectations.
Revenue increased to $4.7 billion from $4.6 billion, net loss edged up to $234 million from $232 million, and diluted losses per share shrank to 51 cents from 52 cents a year ago.
The company lowered its annual capital expenditure estimate to $525 million from $600 million.
Earnings Optimism Lifts U.S. Stocks, Precious Metals Extend Blistering Rally
Barry Adams
20 Oct, 2025
New York City
Stocks in New York advanced on Monday as investors prepared to review a fresh batch of earnings and an inflation update later in the week.
In the week ahead, earnings season ramps up in full swing, and investors are anticipating results from Coca-Cola, Philip Morris, Procter & Gamble, General Electric, GE Aerospace, Tesla, IBM, Netflix, Intuitive Surgical, Intel, CME, and Netflix.
At least 400 companies are scheduled to release their quarterly results, and investors are looking to understand how businesses and consumers are adjusting to Trump's steep tariffs and chaotic administration and rapidly cooling labor market.
The U.S. federal government shutdown is set to enter its fourth week, and the consumer inflation report on Friday will be the only government data reported by a federal agency amid a general data blackout.
U.S. Stock Movers
The S&P 500 index edged up 0.3%, the tech-heavy Nasdaq Composite advanced 0.4%, gold advanced 1.5% to $4,316 an ounce, and silver gained 1% to $52.45 an ounce.
Hologic Inc. gained 4.5% to $73.05 on speculation that the company is in advanced talks with the private equity groups TPG and Blackstone.
The medical technology company is likely to accept a $75 per share deal to go private, valuing the company at $17 billion.
Cleveland-Cliffs jumped 15.4% to $15.30 after the steelmaker's third-quarter results surpassed market expectations.
Revenue increased to $4.7 billion from $4.6 billion, net loss edged up to $234 million from $232 million, and diluted losses per share shrank to 51 cents from 52 cents a year ago.
The company lowered its annual capital expenditure estimate to $525 million from $600 million.
Japan's Indexes Soared 3% Ahead of Leadership Vote On Tuesday
Akira Ito
20 Oct, 2025
Tokyo
Japan's stock market indexes rebounded on Monday amid improving chances of Takaichi's bid to win the premiership election.
The Nikkei 225 Stock Average soared 3%, and the broader Topix advanced 2.2% as investors held out for market-supportive policies.
The Diet is set to elect the next prime minister on Tuesday.
Japan's LDP struck an alliance with the Japan Innovation Party, paving the way for LDP leader Sanae Takaichi to become the next woman prime minister.
Takaichi has supported the extension of ultra-loose monetary policy and additional fiscal stimulus to support economic growth.
Japan's benchmark indexes surged more than 10% over the last three weeks, in what has been widely termed the Takaichi trade.
In the week ahead, investors are awaiting the release of Japan's international trade and inflation data.
September exports are likely to confirm global headwinds rooted in the U.S. tariffs, and the overall and core consumer price inflation are likely to stay above the BoJ's targets.
Japan Indexes and Stocks
The Nikkei 225 Stock Average soared 3% to 48,985.43, and the broader Topix advanced 2.2% to 3,239.29.
Tokyo Electron advanced 4% to ¥31,330.0, Advantest Corp. gained 3.3% to ¥17,430.0, and Disco Corp. increased 3.3% to ¥53,550.0.
Nippon Yusen KK inched up 1.1% to ¥5,105.0, Kawasaki Kisen Kaisha Ltd. gained 1.5% to ¥2,133.0, and Mitsui O.S.K. Lines Ltd. inched up 1.5% to ¥4,411.0.
Japan's Indexes Soared 3% Ahead of Leadership Vote On Tuesday
Akira Ito
20 Oct, 2025
Tokyo
Japan's stock market indexes rebounded on Monday amid improving chances of Takaichi's bid to win the premiership election.
The Nikkei 225 Stock Average soared 3%, and the broader Topix advanced 2.2% as investors held out for market-supportive policies.
The Diet is set to elect the next prime minister on Tuesday.
Japan's LDP struck an alliance with the Japan Innovation Party, paving the way for LDP leader Sanae Takaichi to become the next woman prime minister.
Takaichi has supported the extension of ultra-loose monetary policy and additional fiscal stimulus to support economic growth.
Japan's benchmark indexes surged more than 10% over the last three weeks, in what has been widely termed the Takaichi trade.
In the week ahead, investors are awaiting the release of Japan's international trade and inflation data.
September exports are likely to confirm global headwinds rooted in the U.S. tariffs, and the overall and core consumer price inflation are likely to stay above the BoJ's targets.
Japan Indexes and Stocks
The Nikkei 225 Stock Average soared 3% to 48,985.43, and the broader Topix advanced 2.2% to 3,239.29.
Tokyo Electron advanced 4% to ¥31,330.0, Advantest Corp. gained 3.3% to ¥17,430.0, and Disco Corp. increased 3.3% to ¥53,550.0.
Nippon Yusen KK inched up 1.1% to ¥5,105.0, Kawasaki Kisen Kaisha Ltd. gained 1.5% to ¥2,133.0, and Mitsui O.S.K. Lines Ltd. inched up 1.5% to ¥4,411.0.