Asia markets pare losses as Bank of Japan leaves monetary policy unchanged – CNBC

Haruki Satomi, president and group CEO of Sega Sammy Holdings, is “very positive” about artificial intelligence because it gives game developers more time to focus on creativity. He said that.

He said his company already uses many AI applications in its game development process.

In the future, Satomi said Sega Sammy plans to use more AI technology to improve users’ gaming experience.

— Kwek Jie An

Japan’s private sector activity expanded at its slowest pace since February, according to preliminary estimates from au Jibun Bank.

Flash Composite Purchasing Manager Index Japan’s figure for September was 51.8, down from 52.6 in August.

The manufacturing PMI showed a sharp decline to 48.6 compared to 48.9 in August, while the services PMI in September was 53.3, a slower expansion than the previous month’s 54.3.

A PMI reading above 50 indicates expansion in that sector, while below 50 indicates contraction.

— Lim Huijie

Japan’s headline inflation rate Inflation in August was 3.2%, slightly slower than July’s 3.3%, and the inflation rate remained above the Bank of Japan’s 2% target for 17 consecutive months.

Core inflation, which excludes fresh food prices, was 3.1%, unchanged from July’s figure and slightly above the 3% forecast by economists polled by Reuters.

The so-called “core-core” inflation rate, which excludes the prices of fresh food and energy, which the Bank of Japan uses to consider monetary policy, was 4.3%, unchanged from July.

— Lim Huijie

Analysts at Morgan Stanley say “big changes” are underway in the semiconductor industry, and many stocks are expected to benefit.

In a Sept. 18 memo, they highlighted the transition to “3D ‘gate-all-around’ architectures,” which will create more than $10 billion in “cumulative” opportunities for semi-cap OEMs by 2030. said.

Banks named the stocks they liked.

CNBC Pro subscribers can read more here.

— Amara Balakrishna

Hong Kong inflation rate The rate in August was 1.8%, unchanged from the previous month and slightly below the 2% forecast by economists polled by Reuters.

According to the City Statistics Office, the biggest year-on-year price increases were recorded in electricity, gas and water prices, as well as alcoholic beverages and tobacco, and clothing and footwear.

On the other hand, prices of durable consumer goods and basic foods fell year-on-year.

Hong Kong’s inflation rate was 1.8%, significantly higher than the mainland’s 0.1% rate recorded in August.

— Lim Huijie

Citi analysts say European value stocks are currently doing better than growth stocks.

“While we believe European Value still has upside potential given its demanding valuation and China’s economic recovery, investors should remain cautious and consider quality value. . [who are] If your risk aversion is low, consider risk value,” the analysts wrote.

They screened two categories of stocks.

CNBC Pro subscribers can read more here.

— Amara Balakrishna

Investors followed news that House Republican leaders adjourned Congress on Thursday, raising concerns that federal lawmakers will not pass legislation to avert a government shutdown. Market participants are concerned that the government shutdown will negatively impact gross domestic product (GDP) in the fourth quarter.

— Alex Harring christina wilkie

All 11 sectors of the S&P 500 fell on Thursday, contributing to a roughly 1% decline in the overall index.

The consumer staples sector fell more than 2%, dragged down by a 4% drop in Palt Group and DR Horton. The real estate sector was the second worst performer, down 1.8%, followed by materials, down 1.5%.

Utility stocks were able to reduce losses the most, with the index down just 0.2%.

— Alex Harring

The US dollar is rising along with Treasury yields following Wednesday’s Federal Reserve policy statement.

The dollar index hit its highest since March 9 on Thursday morning, with its 50-day moving average above the 200-day moving average of the so-called “golden cross.”

For more information on this technical indicator and what it means for the global economy, visit CNBC Pro.

— Jesse Pound

U.S. Treasury yields rose on Thursday as investors digested the Federal Reserve’s interest rate decisions and forward guidance.

As of 3:40 a.m. ET, the 10-year Treasury yield rose about 7 basis points to 4.4172%, a new 16-year high. It opened earlier this week trading at levels last seen in 2007. Two-year bonds rose more than three basis points to 5.1588%, hovering around the level last reached in 2006.