News

Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet.

Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet.

West Texas Intermediate (WTI) Oil price recovers around 2.5% after losing more than 5.0% in the previous session, trading around $59.40 during the Asian hours on Monday.

West Texas Intermediate (WTI) Oil price recovers around 2.5% after losing more than 5.0% in the previous session, trading around $59.40 during the Asian hours on Monday.

Gold (XAU/USD) attracts some follow-through buying for the second straight day and climbs to a fresh all-time peak, around the $4,059-4,060 region during the Asian session on Monday.

The Dow Jones Industrial Average (DJIA) soured sharply on Friday, plummeting to its lowest bids in nearly three weeks and declining over 1,000 points top-to-bottom after US President Donald Trump pulled out of upcoming trade talks with Chinese President Xi Jinping and vowed to sharply increase impor

The Indian Rupee (INR) remains steady against the US Dollar (USD) on Monday, after registering losses in the previous session.

Tensions between Beijing and Washington have flared again in recent days as both sides traded barbs and ramped up respective restrictions.

• China’s rare earth exports plunge 31% in September amid renewed US tensions
• China’s exports hit six-month high, showing resilience amid US tariff tensions
• China September Trade Balance (USD)+90.45bn (vs expected +98.96bn, prior +102.33bn)
• China Customs spokesperson, on US imposing shipping fees: China countermeasures necessary
• Japan politics: Komeito doesn’t rule out opposition party cooperation
• China Customs vice minister: Current external environment still complex and grim
• China auto industry body CPCA: Tesla Inc exported 19,287 China-made vehicles in September
• China’s exports +7.1% in yuan terms for the January – September 2025 period
• ANZ says China–US economic decoupling set to deepen amid new trade frictions
• Mainland China and Hong Kong stocks slammed lower at open
• As many as 100K cars could be part of Australian class action suit launched against Tesla
• PBOC sets USD/ CNY reference rate for today at 7.1007 (vs. estimate at 7.1210)
• ICYMI: US inflation report, CPI, set for release on October 24
• Chinese brokers say A-share momentum intact despite external pressures
• Goldman sees US–China tariff standoff easing into prolonged pause, not full escalation
• UK CFOs flag record competitiveness fears ahead of Reeves’s tax-heavy budget
• Australian stock traders note: ANZ to cancel remaining A$800 million portion of buyback
• Netherlands intervenes at Chinese-owned chip-maker Nexperia over China technology concerns
• Reminder, US stock markets are open on Monday (bonds closed) despite the holiday
• 6.30am in Beijing. Traders might exercise caution, await China’s response to Trump’s cave
• US stocks surge higher at reopening of the week – loving the rapid Trump cave in on China
• Permanent migration to New Zealand plunged lower in August
• Trump tempers tone after 100% China tariff threat: Recap of Trump China-US trade tirade
• New Zealand services PMI for September 48.3 (prior 47.6)
• Trump says he thinks we are going to be fine with China, Nov 1 tariffs still the plan
• Pentagon to buy $1bn in critical minerals to cut China reliance
• France has announced a new government
• Monday levels, indicative FX prices, October 13, 2025 (some TACO moves filtering through)
• Taco time: Crypto jumps as Vance says Trump willing to be reasonable negotiator
• China: Rare earth export control measures are ‘legitimate’, blames US for rising tension
• Crypto crash explained: why did crypto go down and which coins stayed strong
• It’s a bloodbath in the crypto market
• Trump announces a 100% tariff on China in addition to current tariffs, but not immediately

The big story on Friday was Donald Trump’s threat to impose an additional 100% tariff on all Chinese imports, a move that sent global markets tumbling — with crypto assets hit particularly hard.

Over the weekend, however, the focus shifted as Trump walked back his remarks, softening his tone after Beijing issued firm statements vowing not to relax its rare earth export controls. Some analysts said both sides appear to be posturing ahead of a possible Xi–Trump meeting in the months ahead.

Crypto markets snapped back sharply, brutally whipsawing traders caught off-guard by the reversal. More traditional financial markets followed suit on Monday in Asia, with US equity futures gapping higher and extending gains. Note that US cash bond markets are closed Monday, though stock exchanges remain open.

Gold and silver surged, while Mainland and Hong Kong equities opened lower, reflecting caution around renewed trade risks.

China’s September trade data also landed Monday, offering a measure of resilience:

• Exports rose 8.3% y/y, the fastest pace in six months and well above forecasts.

• Imports also grew faster than expected.

• Iron ore imports hit an all-time monthly high.

• Soybean imports reached a record for September,

  adding
  insult to injury to US farmers who’ve not seen any orders from China
  for their beans

Asia-Pac
stocks:

• Japan
  (Nikkei 225) -1%
• Hong
  Kong (Hang Seng) -3%
• Shanghai
  Composite -1.25%
• Australia
  (S&P/ASX 200) -0.8%

In major FX rates, AUD outperformed.

This article was written by Eamonn Sheridan at investinglive.com.

China’s rare earth exports plunged 31% in September from the previous month to their lowest level since February, according to customs data released Monday, as tightened export controls reignited tensions with Washington.

The General Administration of Customs said shipments totalled 4,000.3 tonnes, down sharply from August. China, the world’s dominant producer and exporter of rare earths, introduced new restrictions last week that have raised concerns over a renewed escalation in the US/China trade conflict.

Rare earths, a group of 17 critical minerals used in everything from electric vehicles to military systems, were reported only in aggregate, leaving unclear which specific materials or destinations were most affected. A detailed breakdown is expected on October 20.

Exports had already dropped in April after Beijing’s earlier restrictions responding to US tariffs, then rebounded to a record high in June before falling steadily through the third quarter. The latest clampdown prompted US President Donald Trump to threaten fresh 100% tariffs on Chinese goods, straining a fragile trade truce.

This article was written by Eamonn Sheridan at investinglive.com.