Asian markets slipped on Monday, as Japan’s economy shrank in Q3 and tech caution set in. Japan’s GDP fell 1.8% in the July-to-September period the worst drop since mid-2024 though it still came in better than the 2.5% decline expected.
Weak private consumption and soft exports weighed on the economy, even though capital spending showed resilience.
Across the region, tensions between Japan and China also pressured market sentiment and kept investors defensive.
At the same time, traders are watching NVIDIA’s upcoming earnings, unsure whether the tech giant can justify its already high valuation.
With all these factors combined, risk appetite remains muted and expectations for major Fed rate cuts in December continue to fade.
A reminder that global markets move on a mix of economic data, geopolitics, and big-tech signals.
More updates to come as the week unfolds.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now