Pop Mart Revenue Falls Up to 50% in Third Quarter as Labubu Sales Weaken
Overseas sales shrank by more than half and online sales in China slumped, deepening a slowdown that first showed in the toy maker's interim results.
Capital Times: markets, business and economic news from Asia
Treasury Yields Slip Back Below 5% as Fed Decision Looms After September Rout
The 10-year yield has fallen for three weeks after touching its highest since 2007, but oil and supply worries still hang over the market.
Brazilian Stocks Plunge 13.7% and the Real Slides After Lula Wins Runoff
Investors had bet on a Bolsonaro victory after the first round. Lula's narrow comeback reversed that trade and put Brazil's debt back in focus.
Bank of Japan Expected to Hold at 1.25% but Keep December Hike in Play
Sources say the board may nudge up its inflation forecast this week as senior officials signal underlying inflation is close to 2%.
Fed Expected to Hold at 3.75% to 4% as Hot Inflation Keeps December Hike in Play
Six weeks after its first increase since 2023, the Warsh-led Fed weighs a pause against September's jump in consumer prices.
Asia's Central Banks Swing to Tightening in 2026 as Energy Costs Lift Prices
From Jakarta to Tokyo, policymakers have raised rates or tightened currency settings this year. China is the main exception.
South Korea's Economy Grows 1% in Third Quarter, Triple the Bank of Korea's Forecast
Chip exports and equipment spending drove the expansion, putting full-year growth on course to beat the central bank's 3.3% call.
Markets
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- DealsBain and LY Top EQT Again in Kakaku.com Fight as Tender Deadline Nears
- CommoditiesBrent Eases From Near Six-Month High as Saudi-Iran Talks Temper Houthi Supply Scare
- IPOsJio Platforms Heads for Market Debut After INR 302 Billion IPO Draws 22 Times Demand
- CommercialSingapore Prime Office Vacancy Falls to 2.6% as AI Firms Join the Hunt for Space
- Saving & BankingSingapore Savings Bond Return Rises to 2.45% as T-Bill Yields Climb Toward 2%
- RetirementSingapore Keeps Asia's Only A Grade in Global Pension Index as Indonesia Slips
China's Economy Grows 4.5% in Third Quarter, Beating Forecasts as Factories Hum
Growth picked up from the second quarter on manufacturing and exports, while construction shrank and officials flagged weak domestic demand.
Hong Kong IPOs Raise Record HK$388 Billion in Nine Months, Putting Best Year in Reach
KPMG says full-year proceeds could near HK$500 billion as A+H listings and tech issuers fill a pipeline of more than 600 applicants.
- Indonesian Stocks Suffer Worst Rout Since 1998 After MSCI Floats 'Standalone' DemotionIndonesia · 3 min read
- What China's Communist Party Plenum Is and Why Investors Watch ItChina · 3 min read
Artificial Intelligence
Moonshot AI Weighs Up to $5 Billion Hong Kong IPO After $50 Billion Valuation
The Kimi developer has closed its last private round and lined up banks for a listing as soon as early 2027, Bloomberg reported.
- TSMC Profit Jumps 69% to a Record as 2nm Ramp Lifts Fourth-Quarter OutlookSemiconductors · 3 min read
- Asia Startup Funding Holds Near Highs at $38.5 Billion as AI Draws 55%Startups & VC · 3 min read
- How Startup Investors Cash Out in Asia: IPOs, Trade Sales and Share SalesStartups & VC · 3 min read
China Trade
China's Exports Jump 36% in September as AI Demand Pushes Surplus to 2026 High
Shipments beat forecasts by more than 10 percentage points, and the annual surplus is on pace to top $1 trillion again.
Europe
EU and China Reach Hybrid Car Understanding, Pledge Faster Rare Earth Licenses
Two days of talks in Beijing pulled both sides back from a trade war, but EV duties stay in place and the hybrid terms remain unpublished.
Korea Property
Seoul Apartment Prices Rise for 89th Week as Gangnam Slips and Chip Belt Heats Up
Buyers priced out of Seoul's richest districts are moving to cheaper neighborhoods and to Gyeonggi towns near chip plants, despite a year of curbs.
Food & Drink
Hong Kong's Bar Leone Keeps World's Best Bar Title as Asia Takes 13 Spots
Hong Kong tied New York and Paris with four bars in the top 50, while venues in Bangkok and Seoul climbed into the top 10.
Swiss Watch Exports Rise 11.7% in September as Hong Kong Shipments Edge Up
A rebound in US shipments drove a fourth straight monthly gain, while reports differed on whether demand from mainland China rose or fell.
The Asia Open
Our 6 a.m. HKT briefing on what moved overnight and what to watch when Asian markets open. Weekdays, free.