Japan's Nikkei falls 0.43% as chip stocks weigh, while Topix rises
Energy-linked stocks led gains, with Inpex rising 4.92%, even as oil retreated from a six-month high.
Globe And Street: global business and finance news
Energy & Commodities
Oil retreats from near six-month highs as Saudi supply concerns persist
US crude fell 1.55% and Brent lost 1.34% after weekend attacks in Saudi Arabia followed a sharp rally on Friday.
Markets
Asian stocks edge lower as oil retreats ahead of earnings and rate decisions
Japan's Nikkei fell 0.8%, while Brent slipped 1.0% to $115.48. Alphabet, Microsoft and Amazon are among companies due to report earnings.
- WorldEU trade committee chair urges broader agreement with China
- MarketsJapan's Nikkei falls 0.43% as chip stocks weigh, while Topix rises
- Economy & PolicyJapan not ready to declare deflation over, economy minister says
- CompaniesNEXTDC cuts executive incentives and board fees after project delay
- IPO & DealsMusk puts SpaceX GPU debt financing at $40 billion
- Energy & CommoditiesOil retreats from near six-month highs as Saudi supply concerns persist
- Crypto & Digital AssetsBank of Italy official urges lenders to invest amid digital uncertainty
- FinanceBOJ flags AI market risks and cyber threats to Japan's banks
- TechAI bug detection shortens time for cyber defenses, experts say
EU trade committee chair urges broader agreement with China
Bernd Lange wants investment included in wider negotiations as European lawmakers prepare to visit China on October 27 to 29.
AI stocks mixed as Nasdaq steadies following selloff
Meta remained slightly lower after a 7% slide as investors assessed its plan to issue a new share class to help finance capital spending.
Japan not ready to declare deflation over, economy minister says
September core inflation reached 2.1%, while the Bank of Japan is expected to signal that underlying inflation has reached its 2% goal.
NEXTDC cuts executive incentives and board fees after project delay
CEO Craig Scroggie will give up fiscal 2027 bonus opportunities after the Australian data center operator lowered its revenue outlook and halted future developments.
Instacart reportedly held sale talks with DoorDash and Uber
Uber reportedly withdrew from discussions, while the grocery delivery company's exploration of a sale remains at an early stage.
Kenya soil-mapping initiative collects more than 3,600 samples
The program combines a digital map, laboratory testing and farmer training to help guide fertilizer use and soil management.
Bank of Italy official urges lenders to invest amid digital uncertainty
Deputy Governor Chiara Scotti said banks should experiment on a small scale even as the eventual reach of tokenization remains unclear.
BOJ flags AI market risks and cyber threats to Japan's banks
Increased lending to overseas non-bank institutions may have left Japan's financial system more exposed to global market fluctuations, the central bank said.
AI bug detection shortens time for cyber defenses, experts say
Government website outages followed the discovery of PHP weaknesses, but cybersecurity specialists disagree on whether AI will bring more successful attacks.