Nikkei falls as much as 3% as AI spending concerns hit chip stocks
Advantest and Tokyo Electron led the decline, while Japan's broader Topix fell 1.3% ahead of the Bank of Japan's policy decision.
Globe And Street: global business and finance news
Markets
Dollar slips with Treasury yields as yen awaits BOJ decision
U.S. bond yields hit their lowest in more than a month, while markets put the probability of a December rate increase in Japan at about 80%.
Crypto & Digital Assets
Binance investigates possible breach as frozen crypto reaches $2.54 billion
Tether and Circle froze assets linked to the incident, while Binance paused Alpha trading and said withdrawals would resume once the issue was resolved.
- WorldEU trade committee chair urges broader agreement with China
- MarketsNikkei falls as much as 3% as AI spending concerns hit chip stocks
- Economy & PolicyTokyo core inflation slows to 2.6%, still above BOJ target
- CompaniesIntel shares fall 23% after hours as cash flow and revenue outlook weaken
- IPO & DealsMicrosoft plans roughly $25 billion US bond offering
- Energy & CommoditiesUS crude falls to $101.86 as traders assess Middle East supply risks
- Crypto & Digital AssetsBinance investigates possible breach as frozen crypto reaches $2.54 billion
- FinanceBank of America warns customers not to give AI agents their logins
- TechWalmart commits about $6 billion to expanded Symbotic agreement
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.
Fortinet and ServiceNow lead software stock declines after results
Fortinet fell 26% and ServiceNow dropped 18.5% in premarket trading, with losses spreading to other software companies.
Tokyo core inflation slows to 2.6%, still above BOJ target
The October reading matched the market forecast ahead of the Bank of Japan's October 30 policy announcement.
Rivian lifts delivery forecast as R2 becomes its top-selling model
The electric-vehicle maker reported $2.2 billion in third-quarter revenue and a narrower net loss, while raising its minimum delivery forecast to 67,000 vehicles.
Microsoft plans roughly $25 billion US bond offering
The proposed sale would be its first US investment-grade debt offering in more than nine years, as technology companies seek funding for AI investments.
US crude falls to $101.86 as traders assess Middle East supply risks
WTI futures declined 0.9% after a 3% gain in the previous session, amid further Houthi attacks and efforts to negotiate an end to the war.
Coinbase expands stablecoin lineup with Ripple's RLUSD
RLUSD has a market capitalization exceeding $2.5 billion and will be offered to both retail and institutional customers.
Bank of America warns customers not to give AI agents their logins
The bank says customers remain responsible for account activity resulting from access they grant to outside tools.
Walmart commits about $6 billion to expanded Symbotic agreement
The AI robotics firm will add automation at 25 U.S. regional distribution centers and support Walmart’s supply chain globally.