China’s rare earth exports plunge 31% in September amid renewed US tensionsChina’s exports hit six-month high, showing resilience amid US tariff tensionsChina September Trade Balance (USD)+90.45bn (vs expected +98.96bn, prior +102.33bn)China Customs spokesperson, on US imposing shipping fees: China countermeasures necessaryJapan politics: Komeito doesn’t rule out opposition party cooperationChina Customs vice minister: Current external environment still complex and grimChina auto industry body CPCA: Tesla Inc exported 19,287 China-made vehicles in SeptemberChina’s exports +7.1% in yuan terms for the January – September 2025 periodANZ says China–US economic decoupling set to deepen amid new trade frictionsMainland China and Hong Kong stocks slammed lower at openAs many as 100K cars could be part of Australian class action suit launched against TeslaPBOC sets USD/ CNY reference rate for today at 7.1007 (vs. estimate at 7.1210)ICYMI: US inflation report, CPI, set for release on October 24Chinese brokers say A-share momentum intact despite external pressuresGoldman sees US–China tariff standoff easing into prolonged pause, not full escalationUK CFOs flag record competitiveness fears ahead of Reeves’s tax-heavy budgetAustralian stock traders note: ANZ to cancel remaining A$800 million portion of buybackNetherlands intervenes at Chinese-owned chip-maker Nexperia over China technology concernsReminder, US stock markets are open on Monday (bonds closed) despite the holiday6.30am in Beijing. Traders might exercise caution, await China’s response to Trump’s caveUS stocks surge higher at reopening of the week – loving the rapid Trump cave in on ChinaPermanent migration to New Zealand plunged lower in AugustTrump tempers tone after 100% China tariff threat: Recap of Trump China-US trade tiradeNew Zealand services PMI for September 48.3 (prior 47.6)Trump says he thinks we are going to be fine with China, Nov 1 tariffs still the planPentagon to buy $1bn in critical minerals to cut China relianceFrance has announced a new governmentMonday levels, indicative FX prices, October 13, 2025 (some TACO moves filtering through)Taco time: Crypto jumps as Vance says Trump willing to be reasonable negotiatorChina: Rare earth export control measures are ‘legitimate’, blames US for rising tensionCrypto crash explained: why did crypto go down and which coins stayed strongIt’s a bloodbath in the crypto marketTrump announces a 100% tariff on China in addition to current tariffs, but not immediately
The big story on Friday was Donald Trump’s threat to impose an additional 100% tariff on all Chinese imports, a move that sent global markets tumbling — with crypto assets hit particularly hard.
Over the weekend, however, the focus shifted as Trump walked back his remarks, softening his tone after Beijing issued firm statements vowing not to relax its rare earth export controls. Some analysts said both sides appear to be posturing ahead of a possible Xi–Trump meeting in the months ahead.
Crypto markets snapped back sharply, brutally whipsawing traders caught off-guard by the reversal. More traditional financial markets followed suit on Monday in Asia, with US equity futures gapping higher and extending gains. Note that US cash bond markets are closed Monday, though stock exchanges remain open.
Gold and silver surged, while Mainland and Hong Kong equities opened lower, reflecting caution around renewed trade risks.
China’s September trade data also landed Monday, offering a measure of resilience:
Exports rose 8.3% y/y, the fastest pace in six months and well above forecasts.
Imports also grew faster than expected.
Iron ore imports hit an all-time monthly high.
Soybean imports reached a record for September,
adding
insult to injury to US farmers who’ve not seen any orders from China
for their beans
Asia-Pac
stocks:
Japan
(Nikkei 225) -1%Hong
Kong (Hang Seng) -3%Shanghai
Composite -1.25%Australia
(S&P/ASX 200) -0.8%
In major FX rates, AUD outperformed.
This article was written by Eamonn Sheridan at investinglive.com.