Asia Market Movers: Nvidia’s U.A.E. chip deal stalls over U.S. investment demands and China concerns

Friday, 03 Oct, 2025 Stocks Nvidia's U.A.E. chip deal stalls over U.S. investment demands and China concerns A multibillion-dollar agreement to supply Nvidia's advanced AI chips to the United Arab Emirates has stalled nearly five months after being signed, frustrating CEO Jensen Huang and White House AI Czar News Oil market faces volatility as OPEC+, China and geopolitics pull in different directions Crude oil prices this year have been driven mainly by three unpredictable factors: OPEC+ cuts: The easing of 2.2 million bpd in voluntary curbs has been only partly delivered, with around 500,000 bpd Learn more News Germany's Munich Airport closed - drones spotted over the airport Germany's Munich Airport has been closed following drones spotted over the airport, a federal Police spokesperson tells BILD. Planes grounded. News Goldman leaves Henry Hub forecasts steady, eyes medium-term tightness Goldman Sachs has kept its Henry Hub natural gas outlook unchanged, projecting November–December delivery contracts at $4.00 per million British thermal units (mmBtu) and 2026 prices at $4.60, the ban News Japan's August unemployment rate 2.6% (vs. 2.4% expected) Japan jobs data, August 2025. Unemployment rate 2.6% expected 2.4%, prior 2.3% Jobs to applicants ratio 1.20 expected 1.22, prior 1.22 USD/JPY is trading around 147.12, on its session low so far. Havi News All three Australian S&P Global PMIs fell in September, but remained in expansion S&P Global Australia Manufacturing Purchasing Manager's Index (PMI) fell from 53.0 in August to 51.4 in September. above the 50.0 no-change mark for a ninth consecutive month latest reading signal News Canada oil ICYMI - Alberta commits $14m to revive West Coast oil pipeline plan Alberta Premier Danielle Smith has committed $14 million to revive a West Coast pipeline plan, aiming to export oilsands crude to Asia through Prince Rupert. She framed the project as a "moral imperat Stocks "Elon Musk's $1 trillion pay plan faces pushback from investors, state officials" A coalition of Tesla shareholders, including SOC Investment Group and state officials from Nevada, New Mexico, and Connecticut, urged investors to vote against Elon Musk's proposed $1 trillion pay pac Learn more News ICYMI: White House wants equity-for-relief deals across 30 industries ahead of midterms President Trump is moving aggressively to secure economic deals across 20–30 strategic industries ahead of the 2026 midterm elections, according to multiple sources. Reuters carry the story, ICYMI. In

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