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Global Markets Brace for Uncertainty Amid Recession Warnings, Geopolitical Tensions
Stock Market Newsยท 2025-10-09 02:38
Economic Outlook - JPMorgan Chase CEO Jamie Dimon warns of a potential U.S. recession in 2026 despite a recent GDP growth of 3.8% [2][8] - Ongoing government shutdowns and policy uncertainties are highlighted as contributing factors to future economic weakness [2][8] Geopolitical Developments - Taiwan's Defence Ministry reports an increase in 'grey zone' attacks and hybrid warfare tactics from China [3][8] - Former President Donald Trump is actively pursuing peace deals for the Gaza war and urging an end to the Ukraine conflict [3][8] Corporate News - SoftBank's stock surged by up to 13% following its announcement to acquire ABB's robotics arm for $5.375 billion, expected to enhance profit growth driven by AI [4][8] - HSBC is reportedly offering a $13.6 billion deal to delist its local Hong Kong unit, with ongoing discussions about commercial real estate risks [6][8] - A creditor of First Brands has warned that approximately $2.3 billion has "simply vanished" [6] Market Performance - The US Dollar Index (DXY) has fluctuated, drifting below 99.00 amid a continued U.S. government shutdown [5][8] - The Thai Baht (THB) weakened to 32.610 per USD, its lowest level since August 22 [5][8] - Taiwan's stock market reached a new record high of 27,463.12 points, gaining 1.5%, driven by optimism in the semiconductor and AI sectors [6][8]