Asia Stocks Slip as China–Japan Tensions, Nvidia Earnings Watch and U.S. Data Weigh

Overview

• Beijing warned Tokyo over Taiwan and urged Chinese citizens to avoid travel to Japan, and tourism and retail shares tumbled as the Nikkei inched down 0.10% with Japan Airlines -3.75%, ANA -3.35%, Isetan Mitsukoshi -11%+, Shiseido -9.1% and Ryohin Keikaku -9.4%.
• Investors positioned for Nvidia’s earnings and the return of delayed U.S. reports viewed as key inputs for Federal Reserve decisions.
• The dollar strengthened against major and emerging currencies, while U.S. Treasury yields edged lower in early trade.
• CME Group fed funds futures put the probability of the Fed keeping rates unchanged in December at about 55%.
• In Brazil, the IBC‑Br proxy fell 0.9% in the third quarter and the Boletim Focus projected 2025 inflation within the official target.