asia / news

🌏 ASIA |  TOP TEN NEws

🇰🇷 1. SOUTH KOREA EXPORTS SMASH RECORD ON AI CHIP BOOM

South Korea's exports soared 83.5% to a record $120.9 billion in September, the first month ever above $120 billion. Semiconductor shipments jumped 263% to $60.3 billion, and nine-month exports of $814.5 billion already exceed last year's full-year record.
Source: Ministry of Trade, Industry and Energy · Edited & presented by GSR Analytix

🇨🇳 2. CHINA'S FACTORIES RETURN TO GROWTH
China's official manufacturing PMI rose to 50.1 in September from 49.8, ending two months of contraction. The non-manufacturing PMI jumped to 50.2, and high-tech manufacturing stood out at 52.5.
Source: National Bureau of Statistics · Edited & presented by GSR Analytix

🇯🇵 3. TOKYO INFLATION JUMPS, BOLSTERING BOJ HIKE CASE
Tokyo core consumer prices rose 2.7% in September, the fastest pace in ten months and well above the 2.4% forecast. The Bank of Japan, which raised rates to a 31-year high of 1.25% last month, meets again on 29–30 October.
Source: Reuters / Nikkei Asia · Edited & presented by GSR Analytix

🇯🇵 4. JAPAN'S BIG MANUFACTURERS MOST UPBEAT IN EIGHT YEARS
The Bank of Japan's tankan index for large manufacturers rose to +24 in September from +22, improving for a sixth straight quarter. Firms expect inflation of 2.6% a year from now, above the central bank's 2% target.
Source: Bank of Japan / Reuters · Edited & presented by GSR Analytix

🇮🇳 5. INDIA BRACES FOR FIRST RATE HIKE SINCE 2023
Economists expect the Reserve Bank of India to raise its repo rate by 25 basis points to 5.50% on 7 October, its first increase since February 2023. Rising inflation and a rupee down about 6% this year are adding pressure.
Source: Reuters / Business Standard · Edited & presented by GSR Analytix

🇮🇳 6. INDIAN STOCKS POST LONGEST LOSING RUN IN 25 YEARS
The Nifty 50 and Sensex fell for an eighth straight week, their longest losing streak since 2001. Foreign investors have pulled a record $27.8 billion from Indian equities this year amid high US yields and crude near $100.
Source: The Week / NSE · Edited & presented by GSR Analytix

🇻🇳 7. VIETNAM'S ECONOMY GROWS 9.95%, FASTEST IN FOUR YEARS
Vietnam's GDP expanded 9.95% year on year in the third quarter, beating forecasts of 8.65% and bringing nine-month growth to 9.01%. The economy must grow more than 10% in the fourth quarter to hit the government's full-year target.
Source: National Statistics Office / Reuters · Edited & presented by GSR Analytix

🇭🇰 8. HONG KONG STOCKS SUFFER STEEPEST DROP SINCE MARCH
The Hang Seng Index slid 2.6% to 23,972 on 2 October as trading resumed after the National Day holiday. Banks led losses, with HSBC and AIA falling more than 5%, while mainland buyers were absent with Stock Connect closed.
Source: HKEX / Bloomberg · Edited & presented by GSR Analytix

🇰🇵 9. PYONGYANG VOWS TO "PERMANENTLY CLOSE THE DOOR" ON SEOUL
Kim Yo-jong said North Korea's border fortification is meant to permanently shut out South Korea, dismissing President Lee Jae Myung's call to ease military tensions as a farce. Lee had offered talks rather than threats in his Armed Forces Day speech.
Source: KCNA / SBS · Edited & presented by GSR Analytix

🇵🇰 10. PTI MARCH ON ISLAMABAD SET FOR 4 OCTOBER
Imran Khan's PTI party says its long march will leave Peshawar on 4 October to press for his release, after postponing a 27 September date. Highways into Islamabad have been closed or restricted as the government warns against the march.
Source: The Express Tribune / The News · Edited & presented by GSR Analytix