BHP Drops Anglo Bid; Rubio Sees Ukraine Leeway | Bloomberg: The Asia Trade 11/24/25

Market Trends & Sentiment - Asian stocks are poised for a positive open, driven by improving sentiment and traders looking past last week's turmoil [1] - Market optimism was spurred by the New York Fed President backing calls for a December rate cut, viewing policy as moderately restrictive [1] - Volatility saw a slight decrease, while the dollar remained flat, influenced by dire Michigan consumer data and anticipation of retail sales data [1] Geopolitics & Policy - Marco Rubio indicated that President Trump's Thursday deadline for a U S -backed Ukraine peace plan is flexible, following officials' meeting in Geneva [1] - Tensions between Japan and China are escalating over Taiwan, with Japan rejecting claims of a shifted position and China vowing resolute self-defense if Japan intervenes militarily [1][5] - The White House stated that Ukraine's concerns have been addressed in peace talks, marking a significant step forward, with continued talks planned for final refinement [3] Company & Industry Specifics - BHP walked away from Anglo American after a fresh bid failed, marking the second time they have changed their mind [1] - U S officials are in early discussions about potentially allowing NVIDIA to sell its chips to China, assessing the impact on market investors [2] - Foxconn plans to increase its U S manufacturing footprint with an additional investment of $15 billion, aiming to meet the needs of AI firms like NVIDIA and OpenAI [20][22] Monetary Policy & Economic Indicators - The market has priced in a two-thirds possibility of a December rate cut, which helped lift U S equities [3] - Four central bank decisions are on the docket in Asia, with the Bank of Korea and Sri Lanka likely to keep rates unchanged [3] - India's third-quarter GDP is expected to slow, dragged down by weaker tax receipts and a slowdown in services [3]