JYP shares rise 10% after report of planned stake offer
Media reports said Japan’s Nexroc Group and SVCV Inc were targeting 25% to 50% of the K-pop agency. JYP said it had received no tender offer.
Global stocks rise ahead of major earnings and central bank meetings
U.S. technology shares advanced after Anthropic's IPO filing, while Brazil's stock exchange halted trading following the presidential election.
Global equities gained on October 26 as investors prepared for major technology companies' earnings and several central bank decisions. MSCI's global stock gauge advanced 0.38% to 1,123.19, while oil prices declined.
Technology shares helped lift Wall Street following Anthropic's initial public offering filing. The Nasdaq Composite rose 0.83% to 26,169.38, while the S&P 500 increased 0.7% to 7,676.77. The Dow Jones Industrial Average added 0.28% to 52,361.58.
Alphabet, Microsoft and Amazon are among the companies due to report earnings, with one-third of S&P 500 constituents scheduled to announce results. Investors also awaited five major central bank meetings. Market pricing indicated expectations that the Federal Reserve would leave rates unchanged, alongside an 80% probability of a December increase.
European shares also advanced, with the STOXX 600 finishing 0.77% higher, supported by Computacenter and Genmab. Elsewhere, emerging-market stocks declined 0.96% to 1,562.91, and MSCI's broad Asia-Pacific gauge excluding Japan lost 0.15% to 1,505.49.
Brazil's stock exchange activated a circuit breaker and suspended trading after President Luiz Inacio Lula da Silva won reelection and his opponent refused to concede. The Brazilian real also fell sharply.
The dollar index gained 0.34%, while the benchmark U.S. 10-year Treasury yield held at 4.988%. Spot gold increased 0.46% to $4,013.79 an ounce.
Brent futures settled 0.78% lower at $115.81 per barrel, and U.S. crude fell 1.46% to $101.76. Prices retreated amid signs of easing Middle East hostilities, although attacks on Saudi Arabia kept traders cautious. Yemen's Houthi group said it had struck Saudi crude pumping stations and Riyadh airport.