Financial
Friday in Asia and Europe, per the AP: Japan's Nikkei 225 rose 1.4% to 65,324.29, South Korea's Kospi rose 2.1% to 5,668.05, Hong Kong's Hang Seng gained 0.5% to 24,186.83 and the Shanghai Composite rose 0.2% to 3,716.28, while Germany's DAX rose 1% to 25,632.39 and U.S. futures edged higher. Brent crude fell 0.6% to $105.26 a barrel and U.S. benchmark crude fell 0.9% to $97.11, the AP reported.
| Nikkei 225 | 65,324.29 | +1.4% | |
| Kospi | 5,668.05 | +2.1% | |
| Hang Seng | 24,186.83 | +0.5% | |
| Shanghai Comp. | 3,716.28 | +0.2% | |
Source: AP via WSLS
- Fed Chair Warsh declines to signal next rate move at IMF meetings in BangkokFederal Reserve Chair Kevin Warsh said "I don't prejudge meetings" during a fireside chat with IMF Managing Director Kristalina Georgieva in Bangkok on Friday, the AP reported. Warsh said AI is "probably the most consequential change to the U.S. and the global economy in my lifetime to this point," according to the AP. The AP reported the Fed raised its key rate by a quarter-point to about 3.9% in September.
- MSCI says Indonesia's emerging-market classification "no longer appropriate"; Jakarta Composite falls more than 11%Index provider MSCI said Indonesia's continued classification as an emerging market would be "no longer appropriate," the AP reported Friday. The Jakarta Composite index fell more than 11%, its largest single-day decline since 1998 according to Trading Economics, the AP reported; Reuters reported the benchmark "slumped 11%, the most since 1998."
- CCC Intelligent Solutions agrees to $6.1 billion take-private by GTCR-led groupCCC Intelligent Solutions said Thursday it agreed to be taken private by a consortium led by GTCR and including Elliott Investment Management for $7.75 in cash per share, a $6.1 billion deal expected to close in the first quarter of 2027, Reuters reported (single source).