Asia stocks tumble as AI spending concerns deepen; BOJ holds rates

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• Asian currencies mixed as dollar retreats, yen steadies ahead of BOJ decision

  Asian currencies were mixed on Friday, with the yen steady ahead of the Bank of Japan's policy decision while the US dollar weakened alongside Treasury yields amid a fresh AI-stock selloff. The dollar index fell 0.3% to 101.76 but is still on track for a 0.3% gain in October, and USD/JPY slipped 0.2% to 157.51. The BOJ is widely expected to hold its policy rate at 1.25% despite persistent inflation, with markets looking for a relatively hawkish message and pricing in around an 80% chance of a December rate hike. The Fed, ECB and RBNZ all kept rates unchanged this week, and elevated energy prices and the Middle East conflict mean further tightening has not been ruled out. The Australian dollar was little changed at $0.7033, and investors are weighing producer-price data against September inflation ahead of the RBA meeting.

  Yahoo Finance·30/10, 03:43▼ DXY▲ AUD/USD▼ USD/JPY▲ XAU/USDexchange ratesUS dollarBOJ
• Japan Benchmark Bond Yields Rise Ahead of BOJ and Fed Decisions

  Japan's 10-year government bond yield rose 1.5 basis points to 2.810% on Monday from a two-month low, according to Reuters. The two-year yield gained 2.5 basis points to 1.885%, and the five-year yield added 3 basis points to 2.250%. Reuters linked late-week bond buying to investor concern after technology stocks declined. The BOJ meets Oct. 29-30; in September its policy board voted 7-2 to set the overnight call rate at around 1.25%, effective Sept. 24, and Reuters said the BOJ was expected to hold rates this week, while some analysts polled see a possible increase to 1.5% in December, though these are expectations rather than decisions. The FOMC meets Oct. 27-28 after raising its target range by 25 basis points to 3.75%-4.00% in September, and a Reuters poll found 94 of 100 economists expected no change this week and all 100 expected an increase in December.

  econotimes.com·26/10, 07:15▼ USD/JPYJapanbondsinterest rates
• Japan shifting to wage-driven inflation phase, finance minister says

  Finance Minister Satsuki Katayama said Japan's price rises are driven by higher import costs and that the economy is on the cusp of sustained wage-driven inflation. The government plans a two-year cut to the 8% consumption tax on food from April next year, along with payouts to ease households' living costs. Katayama said there is no gap between the government and the Bank of Japan, which raised rates to a 31-year high of 1.25% in September. Analysts warn the tax cut and big spending could boost demand and clash with the BOJ's efforts to curb inflation, though Katayama said fiscal policy will aim to raise supply capacity without accelerating inflation.

  aol.com·21/10, 01:45▼ USD/JPYJapaninflationinterest rates
• BBH Says Swaps Put October BOJ Rate Hike Odds Below 5%

  BBH expects Japan's annual consumer inflation to rise to 2.1% in September from 1.9% in August, with core inflation at 2.1% excluding fresh food and 2.3% excluding fresh food and energy. Interest rate swaps implied less than a 5% chance of a BOJ hike to 1.50% at the Oct. 30 meeting, compared with 80% for the Dec. 18 meeting. These figures reflect BBH's reading of market pricing, not a BOJ decision, and the BOJ's overnight call-rate target is about 1.25%, effective Sept. 24. The Statistics Bureau of Japan is scheduled to publish the national CPI on Oct. 23.

  econotimes.com·20/10, 00:15▲ USD/JPYinterest ratesJapaninflation
• Japan Government Bond Yields Ease After U . S . Tech Selloff

  Japanese government bond yields eased on Monday morning as investors sought safety after losses in U.S. tech shares, with the 10-year yield at 2.9%, according to Reuters. The Nasdaq Composite fell 2.1% and the S&P 500 lost 1.1% in Friday's U.S. session; AP linked the selloff to concern that companies borrowing to expand AI may struggle to sustain spending as global bond yields rise. Prime Minister Sanae Takaichi told parliament the government would manage the total amount of bond issuance. The Bank of Japan raised its uncollateralized overnight call rate target to around 1.25% from around 1% on Sept. 18, and Governor Kazuo Ueda said underlying inflation was “quite close” to the 2% target. The BOJ's next policy meeting is scheduled for Oct. 29–30.

  econotimes.com·19/10, 07:30▼ QQQ▼ NVDA▼ SPYbondsJapaninterest rates
• Tally of Bank of Japan Bond Data Puts Holdings at ¥502 . 1 Trillion

  A tally by JGB Information of the Bank of Japan's issue-level data put its JGB holdings at about ¥502.1 trillion at face value on Oct. 20, as the central bank continues to cut its planned purchases. The 10-year JGBs made up the largest share at ¥219.5 trillion, or 43.7%. The totals are not directly comparable with the BOJ's separate accounts, which recorded ¥504.004 trillion because they value bonds at amortized cost. The BOJ plans to buy about ¥2.3 trillion of JGBs per month from October through December, down from ¥2.5 trillion, and about ¥2.1 trillion monthly from January through March 2027.

  econotimes.com·24/10, 00:45• USD/JPYBOJbondsJapan

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• Amazon CEO Andy Jassy Just Made a Wild Prediction. It Could Make the Tech Giant a Big Winner.

  Amazon shares fell about 7% in after-hours trading after its third-quarter report, as revenue rose 12% to $201.9 billion, slightly below the $202.3 billion estimate. Operating income climbed 61% to $28.1 billion, but free cash flow over the past four quarters showed a $42 billion loss, and the company kept its $220 billion capex forecast for the year. CEO Andy Jassy said the company could have two businesses with over $1 trillion in annual revenue within 5-10 years: e-commerce, which generated $638.3 billion over the last four quarters, and Amazon Web Services, which brought in $165.2 billion. The article notes the company expects at least 40% AWS growth in 2027 and 2028, after which 20% annual growth would illustratively reach $1 trillion, and argues the stock now trades at a lower price after the sell-off.

  Yahoo Finance·30/10, 04:50▲ AMZNAMZNcloud computinge-commerce
• Asian tech stocks slump as AI rout deepens on disappointing U.S. earnings

  Asian technology stocks fell sharply on Friday as fears over a slowing AI trade were amplified by weak earnings from major U.S. companies. Chipmakers were hit hardest: TSMC fell 1.8% in Taiwan, Foxconn dropped 3%, Samsung Electronics slid 5.9% after its third-quarter results missed lofty expectations, and SK Hynix fell 8.3%. In Japan, Murata Mfg slid 11% ahead of its September-quarter earnings and SoftBank Group dropped nearly 7%. Intel's drop of over 20% on Thursday evening, after its fourth-quarter guidance underwhelmed, weighed on the sector, while disappointing results from Amazon and Alphabet intensified doubts over returns on AI infrastructure spending. The Bank of Japan kept rates steady but said inflation had reached its 2% target and signaled a sharp increase in sales of its ETF holdings, adding pressure on Japanese equities.

  Yahoo Finance·30/10, 04:48▼ NVDA▼ QQQ▼ SPYartificial intelligencesemiconductorsAsia
• Bank Posts Nearly 55% Loan Growth in Nine Months, Pre-tax Profit 2.4 Times Year-on-Year

  Ngân hàng TMCP Quốc Dân (NCB, ticker NVB) reported nine-month pre-tax profit of 1,574 billion VND, up 141% year on year, including 847 billion VND in the third quarter. Net interest income reached 3,334 billion VND for nine months, up 71% and accounting for about 85% of total operating income. Outstanding customer loans stood at about 150,661 billion VND as of 30/9/2026, up 54.5% from end-2025, which the article describes as the strongest loan growth in the system over nine months. Credit provision expenses rose more than 170% to about 766 billion VND. Receivables jumped from about 3,346 billion VND to 29,088 billion VND in one quarter, and the bank has provided no detailed explanation of this item.

  CafeF·30/10, 04:32bankscreditearnings
• Electricity Prices Could Fall from November 1

  Households and businesses may receive electricity price cuts for 5 months starting November 1. On October 27, Deputy Prime Minister Nguyễn Văn Thắng asked Tập đoàn Điện lực Việt Nam (EVN) to urgently review and cut costs, prepare a plan to lower average retail electricity prices, and review a proposal to set the special consumption tax on gasoline to 0%. According to the Statistics Office (Cục Thống kê), residential electricity accounts for about 4.8% of the CPI basket, so a price cut could help ease inflation pressure and support growth. In the first 8 months of 2026, EVN reported profit of over 12,000 billion VND and had cleared its accumulated losses under consolidated financial statements by the end of June, which provides room to cut prices. The Ministry of Industry and Trade has asked EVN to finalize the plan and will give its opinion, and if the matter exceeds its authority, it will report to the Government.

  CafeF·30/10, 04:30▼ NT2▼ POW▼ PPCelectricityinflationEVN
• EVS Securities adds acting CEO to board of directors

  At an extraordinary general meeting held on the afternoon of October 29, EVS shareholders removed Nguyễn Thanh Hải from the board following his resignation and elected Acting CEO Nguyễn Trần Minh Quân to the board for the rest of the 2026–2030 term. Quân directly holds 8 million EVS shares, or 4.85%. The meeting also extended the due date of a receivable from Tiến Thành Consulting Services Company Limited to June 30, 2027; as of September 30, 2026, Tiến Thành owed nearly VND 519 billion, secured by 51.9 million shares of MNXC. Shareholders also approved restructuring, cost cuts, and a central counterparty (CCP) clearing and settlement service for securities transactions.

  CafeF·30/10, 04:21brokeragesrestructuringcorporate governance
• Drilling over 7,200 meters, Petrobras finds three oil-bearing layers with reserves of up to 10 billion barrels

  On October 29, Petrobras announced a third oil-bearing layer at its Morpho well in block FZA-M-59 in the Foz do Amazonas basin, the third oil find at the same well after results in August and early October, and said drilling and geological data collection are complete. The well lies about 175 km off the coast of Amapá, with a planned final depth of about 7,237 m measured from the sea surface, and drilling began on October 20, 2025. Petrobras has not disclosed reserves, but Brazil's government energy research agency EPE estimates the northwest of the basin holds about 6.2 billion barrels of oil equivalent recoverable, with total potential of up to 10 billion barrels of oil equivalent. Petrobras will not produce from Morpho immediately and plans to drill three more wells in the area to assess whether commercial production is viable.

  CafeF·30/10, 04:19oil and gasPetrobrasBrazil