- 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.
