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10/5
10:18
Woori Bank announced on Monday that it has completed its first corporate derivatives transaction, arranging a £70 million (approximately $93 million) loan and corresponding interest rate swap for a London-based company through its London trading hub. The transaction, signed on September 29 in collaboration with Woori Bank's London branch, aims to reduce the borrower's uncertainty regarding borrowing costs by converting floating-rate payments to fixed-rate payments. Woori Bank has directly hedged the swap in the London market.
10:14
Despite the U.S. 10-year Treasury yield breaking above 5%, sparking concerns that rising borrowing costs could lead to a debt spiral, some bond market experts believe the U.S. is still far from a fiscal crisis, CNBC reported. Analysts at TD Securities and L&G Asset Management point to the long weighted-average maturity of U.S. debt, an average interest rate below nominal economic growth, and the "exorbitant privilege" of the U.S. dollar as buffering factors. They argue that the surge in yields is also linked to economic resilience and expectations of Federal Reserve rate hikes, rather than solely fiscal concerns.
10:12
Illinois officials have joined crypto industry groups in seeking a six-month delay to the state’s controversial digital-asset tax. An agreed motion, filed on October 1, asks a judge to postpone the levy’s January 1 start until July 1, 2027, while a constitutional challenge brought by The Digital Chamber and the Illinois Blockchain Association proceeds. The state's Revenue Director and Attorney General joined the request, even as the state continues to dispute the industry groups’ claims against the law. The court had not been confirmed to have entered the order as of October 4. The Digital Asset Tax, enacted in June, imposes a 0.2% levy on the value of digital assets involved in certain covered transactions, rather than on investors’ trading profits.
10:11
Japanese companies are retreating from China at a record pace, with the number of firms falling to a historic low of 10,118 as of June, down 22% from June 2024. This marks the lowest level since Teikoku Databank began tracking the data in 2010, driven by a slowing Chinese economy and a diplomatic freeze between the two nations. In the past two years, 4,137 Japanese companies fully withdrew from China, while only 1,221 entered, the fewest on record outside the Covid-19 pandemic. Factors such as U.S. tariffs, growing labor costs, local competition, and concerns over personnel safety have also contributed to the exodus. Chinese Vice Premier He Lifeng stated on Tuesday that China "always welcomes" Japanese enterprises.
10:01
Japanese stocks jumped on Monday morning, with the benchmark Nikkei Stock Average crossing the 70,000 threshold during intraday trading for the first time in three months. The rally was driven by a tech sector surge and investors paring back bets on a Federal Reserve rate hike this month, following a slower-than-expected September U.S. jobs report.
09:53
OKX has filed with the US Securities and Exchange Commission (SEC) to launch a tokenized-stock trading platform. This move positions OKX as one of the first major crypto exchanges to leverage new US rules that permit digital versions of public-company shares to trade on crypto venues.
09:46
Brazilian assets are poised to rise on Monday after Senator Flávio Bolsonaro outperformed investor expectations by leading President Luiz Inácio Lula da Silva in the first round of elections.
09:46
OCBC strategists note that the weaker-than-expected U.S. nonfarm payrolls report has reduced the urgency for further Fed tightening, which could provide some near-term relief for Asian currencies. However, they caution against extrapolating this into a broad-based Asian FX rally, as long-dated U.S. Treasury yields and oil prices remain elevated, keeping oil-importing Asian currencies like the Indonesian rupiah, Philippine peso, and Thai baht relatively more exposed.
09:15
Egyptian President Sisi, Eritrean President Afwerki, Somali President Mohamud, and Sudanese Armed Forces Commander-in-Chief Burhan issued a joint statement on Sunday in Egypt's New Alamein City, calling for political and peaceful resolutions to regional conflicts, including the Sudanese civil war and the conflict in Ethiopia. The statement supported the Sudanese military-led government and called for a Sudanese-led political process involving all Sudanese parties. The statement also affirmed that control of the Red Sea should belong to riparian states and warned Ethiopia against taking "unilateral measures" that could harm downstream countries. Previously, the Ethiopian government accused Egypt, Eritrea, and Sudan of supporting its domestic armed alliances, an accusation denied by all three countries. On the same day, Ethiopian government forces and their allies recaptured Mekelle, the capital of the Tigray region.
09:11
According to Teikoku Databank, the number of bankruptcies among Japanese companies with a century of history is growing at a record pace, reaching 112 in the first eight months of 2026. These companies face multiple pressures, including rising costs, labor shortages, shrinking markets, and succession challenges.
09:11
AI startup Reflection, which received an $800 million investment from NVIDIA, is preparing to release its first open-weight model, Axios reported on October 4. To support model training and scaling, Reflection has signed an agreement with SpaceX to pay $150 million per month for access to NVIDIA GB300 chips starting in July 2026. It has also reached a computing capacity agreement worth over $1 billion with cloud computing company Nebius. Both contracts extend until 2029. Reflection's core vision is to build "AI factories" that allow enterprises to create customized AI systems by combining their own data, Reflection models, and proprietary computing power. It has already signed a memorandum of understanding with South Korea's Shinsegae Group to build an AI factory.
09:09
India's bond yield curve is expected to flatten as the Reserve Bank of India (RBI) intensifies liquidity withdrawal, prompting some investors to favor 10-year bonds over 5-year bonds.
09:09
Japan's Nippon Paint Holdings Co. is set to acquire Akzo Nobel NV's decorative paints business in Southeast Asia for $1.35 billion. This acquisition represents a regional portion of a business that Nippon Paint had previously attempted to purchase in its entirety.
08:55
China’s mutual funds are closing at the fastest pace in eight years as weak returns and investor redemptions leave hundreds of products too small to survive. Approximately 256 publicly offered funds have been liquidated this year, with another 46 warning of potential closure, according to Bloomberg-compiled data.
08:54
Upbit has started distributing GAS airdrops for the first week of October (September 26 to October 2), expected to be completed within 24 hours. The snapshot was taken between 9 PM and 10 PM on October 2.
08:52
US President Donald Trump stated that if South Korea does not sign the $50 billion Alaska liquefied natural gas (LNG) project soon, he will "double the charges," without specifying what would be doubled. These remarks come amidst disagreements between the US and South Korea over South Korea's investments in US energy and infrastructure projects. South Korea remains cautious about some projects announced by Trump, considering them not yet finalized. Additionally, Trump announced an $8.4 billion enhanced oil recovery project on social media, but according to South Korean local media, this project was not included in the bilateral agreement, and the South Korean Ministry of Industry is seeking clarification from the US.
08:43
Elon Musk retweeted a post by cb_doge stating that United Airlines announced over 880 aircraft will be equipped with Starlink services by the end of 2026, and its entire fleet is expected to be connected to Starlink by the end of 2027. Currently, Starlink has connected 14.2 million devices, covered over 464,000 flights, and is already active on more than 560 United Airlines aircraft.
08:36
The Nikkei Stock Average rose 2.0% to 69651.14 in early trade, with electronics and machinery stocks leading gains. This surge followed a weak U.S. jobs report, which lowered expectations for further Federal Reserve rate increases. Advantest was up 4.0% and Mitsubishi Heavy Industries rose 3.07%.
08:35
The Bank of Japan is hosting the 8th Conference on Nontraditional Data, Machine Learning, and Natural Language Processing in Macroeconomics (ECONDAT 2026 Fall Meeting) from October 5-6 in Tokyo. Deputy Governor Shinichi Uchida delivered the opening remarks. The conference, co-organized with Banca d'Italia, the Federal Reserve Board, and other central banks, focuses on data science, nontraditional data, and artificial intelligence techniques, including their economic implications and use in measuring sentiments and expectations through large language models (LLMs).
08:15
Taiyo Oil Co. CEO Takahiro Yamamoto stated that Japan should continue to primarily rely on cheap crude oil from the Middle East, rather than the government's diversification strategy driven by the US-Iran conflict. He believes that during peacetime, crude oil should be purchased as economically as possible, while maintaining the flexibility to acquire alternatives during a crisis.
08:07
OpenAI CEO Sam Altman stated that "the world should accept that some bad things will happen" to maintain broad accessibility to artificial intelligence (AI), believing that people will ultimately use the technology to bring benefits far exceeding its harms. Altman drew a line at catastrophic risks, such as severe loss of control, while arguing that no single AI lab should control the technology.
08:04
Aris Capital head Huang Shijie stated that quantitative funds are "indispensable" for China to become a financial powerhouse. He believes that quantitative funds have a clear advantage over retail investors in China's capital market, describing the situation as "a war where some use machine guns and others use butcher knives." This comes after Beijing recently intensified regulatory scrutiny of quantitative funds.

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