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The USD/JPY pair trades in positive territory near 152.05 during the early Asian session on Monday. The pair recovers some lost ground after facing some selling pressure in the previous session as US President Donald Trump threatened to hike tariffs against China.
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Netherlands intervenes at Chinese-owned chip-maker Nexperia over China technology concerns
The Dutch government announced on Sunday that it is taking action at Nexperia, a Chinese-owned major local chipmaker, citing concerns that sensitive technology could be transferred to its Chinese parent company, Wingtech. Nexperia produces semiconductors widely used in automotive and consumer electronics industries.
The Ministry of Economic Affairs said the intervention responds to “administrative shortcomings” within the firm and gives authorities temporary powers to reverse or block decisions deemed potentially harmful to national security, while allowing normal production to continue.
Nexperia said in a statement that it complies fully with all relevant laws, export controls, and sanctions regimes.
The ministry described the move, taken under emergency legislation designed to safeguard the supply of critical goods, as “highly exceptional”, adding that the decision could face a court appeal.
This article was written by Eamonn Sheridan at investinglive.com.
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Reminder, US stock markets are open on Monday (bonds closed) despite the holiday
As I said earlier,
it’s a big holiday Monday coming up:
- Japan is out
- Canada is out
- USA is partially out
- its a regular business day for US stock markets, while US bond markets will close
This article was written by Eamonn Sheridan at investinglive.com.
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6.30am in Beijing. Traders might exercise caution, await China’s response to Trump’s cave
Trump has rapidly caved in on his threats to China. Stocks (US equity index futures that is) have surged:
There is probably good reason to exercise some caution here. By suggesting that Xi had a “bad moment”, ie implying he made an error , Trump may have made it more difficult for Beijing to step back or de-escalate, assuming it was even inclined to do so.
Background to all this ICYMI:
Friday ICYMI:
Late Friday:
China responds over the weekend:
Some TACO moves already, some murmurings of Trump already backing off. BRB with more on this:
Latest:
- Pentagon to buy $1bn in critical minerals to cut China reliance
- Trump says he thinks we are going to be fine with China, Nov 1 tariffs still the plan
This article was written by Eamonn Sheridan at investinglive.com.
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US stocks surge higher at reopening of the week – loving the rapid Trump cave in on China
Globex has opened with a huge gap jump higher from Friday’s late levels.
As it happened:
From Friday ICYMI:
From late Friday:
China responds over the weekend:
Some TACO moves already, some murmurings of Trump already backing off. BRB with more on this:
Latest:
- Pentagon to buy $1bn in critical minerals to cut China reliance
- Trump says he thinks we are going to be fine with China, Nov 1 tariffs still the plan
This article was written by Eamonn Sheridan at investinglive.com.
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Permanent migration to New Zealand plunged lower in August
New Zealand Permanent/Long-Term Migration in August: 460
- Previous: 1,770
Quite the slow down ….
More, this direct from Stats NZ.
Provisional estimates for the August 2025 year compared with the August 2024 year were:
- migrant arrivals: 138,600 (± 1,200), down 16 percent
- migrant departures: 127,900 (± 1,100), up 13 percent
- annual net migration: gain of 10,600 (± 1,500), compared with a gain of 51,600 (± 200).
Annual migrant arrivals peaked at 234,800 in the year ended October 2023.
Annual migrant departures provisionally peaked at 128,000 in the year ended July 2025.
Annual net migration peaked in the year ended October 2023, with a gain of 135,500.
This article was written by Eamonn Sheridan at investinglive.com.
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Trump tempers tone after 100% China tariff threat: Recap of Trump China-US trade tirade
President Trump sought to ease fears of a worsening trade conflict with Beijing on Sunday, hours after threatening 100% tariffs on all Chinese imports in retaliation for China’s new export restrictions on rare earth minerals. The proposed duties would mark a sharp jump from the current average 55% tariff rate.
Posting on Truth Social, Trump struck a conciliatory tone, saying China’s economy “will be fine” and that the US wants to “help China, not hurt it.” He added that President Xi Jinping had “a bad moment” and that both countries wish to avoid economic pain.
Beijing swiftly responded, warning Washington against using “threats” and vowing to “take corresponding measures” if the US proceeds. China’s Commerce Ministry said it does not seek a tariff war but “is not afraid of one,” urging dialogue instead.
The exchange follows Beijing’s fresh curbs on rare earth exports, minerals critical to advanced manufacturing and military technology, a move that triggered Trump’s latest tariff threat. China controls roughly 70% of global rare earth mining and nearly 90% of processing capacity.
US Vice President JD Vance defended Trump’s approach, calling China’s dominance in supply chains “a national emergency.” Speaking on Fox News, Vance warned that any aggressive Chinese response would be met with stronger US action, insisting that “the President has far more cards than China.”
China’s Commerce Ministry maintained that it would keep issuing export licenses for legitimate civilian use but warned it would act to safeguard national interests if the US “obstinately insists” on new tariffs.
The escalating rhetoric has cast uncertainty over a potential meeting between Trump and Xi later this year.
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As it happened:
From Friday ICYMI:
From late Friday:
China responds over the weekend:
Some TACO moves already, some murmurings of Trump already backing off. BRB with more on this:
Latest:
- Pentagon to buy $1bn in critical minerals to cut China reliance
- Trump says he thinks we are going to be fine with China, Nov 1 tariffs still the plan
This article was written by Eamonn Sheridan at investinglive.com.
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New Zealand services PMI for September 48.3 (prior 47.6)
BusinessNZ Performance of Services Index (PSI) still in contraction at 48.3
- sector has been in contraction for 19 consecutive months
- prior 47.6
- well below 52.9, the average over the history of the survey
An improvement from August then, but contraction still.
BusinessNZ’s CEO, Katherine Rich:
- proportion of negative comments for September (58.0%) was down on August (59.6%) and July (58.5%)
- negative comments received show that the services sector continues to struggle under weak economic conditions, with low consumer confidence, reduced discretionary spending, and high living costs curbing demand
- falling sales, fewer new contracts, and cautious clients delaying projects amid rising costs and ongoing uncertainty about the broader economy
BNZ’s Senior Economist Doug Steel
- “in isolation, the combined PMI/PSI activity indicator warns of economic growth struggling to gain traction”.
Earlier, manufacturing also still in contraction:
This article was written by Eamonn Sheridan at investinglive.com.
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New Zealand Business NZ PSI increased to 48.3 in September from previous 47.5
New Zealand Business NZ PSI increased to 48.3 in September from previous 47.5 -
Trump says he thinks we are going to be fine with China, Nov 1 tariffs still the plan
Trump on China: I think we’ll ‘get it’
- Xi is a smart man and a great leader
- On meeting with Xi: I think we’re going to be fine with China
- Tariffs for China are still the plan on November 1
- Says November 1 deadline for China tariffs is an ‘eternity’
Trump is confused and all over the place here. Those last 2 comments point to him more than likely going to TACO, as usual.
This article was written by Eamonn Sheridan at investinglive.com.
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