Asia's manufacturing slows on weak US demand & tariffs. China & SK PMIs dip, export orders fall. Traders eye trade deal impact.
Asia's manufacturing slows on weak US demand & tariffs. China & SK PMIs dip, export orders fall. Traders eye trade deal impact.
Bitcoin dips 1.7% to $108k, ETH down 3.5% as traders eye jobs data & rate cut hopes fade. Risk-off sentiment prevails.
Yale’s Budget Lab found the effective U.S. tariff on Chinese goods was just 27.8% before the Busan deal, not the 57% cited by Trump. After the 10% cut, it’s closer to 17.8%, revealing a “TACO gap” between statutory and real rates.
XPeng & Nio hit record EV sales in China! Nio delivers 40K+ in Oct, XPeng up 76%. Watch for year-end push & 110M yuan promo.
TSA delays hit 3 hrs at IAH! Travelers vent as shutdown impacts travel. Watch for travel stock volatility.
China has ended a long-standing tax break on gold sales, removing VAT offsets for retailers buying from the Shanghai Gold Exchange. ANZ said the move disappointed investors and could reshape pricing in the world’s biggest gold market.
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