This is CNBC’s live blog covering Asia-Pacific

Anniek Bao

SHANGHAI, CHINA – MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China.
Xiao Yang | Visual China Group | Getty Images
Asia markets fell Friday, after the Nasdaq Composite
and the S&P 500
suffered their worst day in nearly two months, while investors awaited Federal Reserve rate verdict and U.S. elections next week.

Caixin China manufacturing purchasing managers’ index for October came in at 50.3, beating median estimate of 49.7 in a Reuters poll of economists, and rebounding from September’s 49.3. A reading below 50 shows contraction in manufacturing, while one above that indicates expansion.

China’s CSI 300 had jumped over 1% during the intra-day trading before reversing course to close marginally lower at 3,890.02. Hong Kong’s Hang Seng index closed 0.93% higher at 20,505.38.

Japan’s Nikkei 225
fell 2.63% to finish at 38,053.67, while the broad-based Topix dropped 1.52% to end at 2,644.26, extending losses from Thursday when the Bank of Japan maintained its benchmark policy rate at 0.25%.

In South Korea, the blue chip Kospi lost 0.54% to close at 2,542.36, while the small-cap Kosdaq index declined 1.89% to 729.05.

Taiwan Weighted Index
lost 0.18% to end at 22,780.08, as Typhoon Kong-rey, the largest storm to hit the island in nearly 30 years, wreaked havoc.

Australia’s third-quarter producer prices index climbed 3.9% year on year, sharply lower than 4.8% reading in the previous quarter, according to data from Australian Bureau of Statistics on Friday. Quarter on quarter, the index rose 0.9% compared with a 1% rise in previous quarter.

Australia’s S&P/ASX 200
slipped 0.5% to finish at 8,118.8.

TICKER COMPANY NAME PRICE CHANGE %CHANGE
.N225
Nikkei 225 Index *NIKKEI 38053.67 -1027.58 -2.63
.HSI
Hang Seng Index *HSI 20506.43 189.1 0.93
.AXJO
S&P/ASX 200 *ASX 200 8118.8 -41.2 -0.5
.SSEC
Shanghai *SHANGHAI 3272.01 -7.81 -0.24
.KS11
KOSPI Index *KOSPI 2542.36 -13.79 -0.54
.FTFCNBCA
CNBC 100 ASIA IDX *CNBC 100 10079.04 -54.64 -0.54

Overnight in the U.S., all three major indexes dropped.

The S&P 500 tumbled 1.86% to finish at 5,705.45 and the Nasdaq Composite
lost 2.76% to close at 18,095.15 — both recorded their biggest one-day losses since Sept. 3. The Dow Jones Industrial Average declined 0.9% to end at 41,763.46.

That marked the final trading day of a choppy month on Wall Street, with the 30-stock Dow recording monthly losses of 1.3%, S&P 500 declining 1% and the Nasdaq slipping 0.5%, amid heightened uncertainty ahead of the U.S. Presidential election and the Federal Reserve’s rate decision next week.

—CNBC’s Hakyung Kim and Brian Evans contributed to this report.

Fri, Nov 1 20244:00 AM EDT
Some positive signs in China property market, but demand is still very weak, says Jefferies
There are some bright spots in China’s property sales, but demand is still low, said Shujin Chen, head of China financial and property research at Jefferies.

“We still see very weak demand in China. On one hand, is that, if we look at personal loans, the individual loans, the accumulative new loan, growth of individual loans, they have been … consistent with the secondary market, property price,” Chen said Friday on CNBC’s “Squawk Box Asia.”

China’s top 100 developers saw property sales increase for the first time this year in October, she said.

— Sonia Heng

Thu, Oct 31 202412:31 AM EDT
Japan should not raise debt to fund additional spending, IMF suggests
Japan should finance any additional spending plans within existing budget, rather than issue new debt, Krishna Srinivasan, director at the International Monetary Fund’s Asia and Pacific Department told Reuters in an interview.

“Any kind of support you’re providing should be a lot more targeted, and any kind of new initiative should be financed within the budget,” Srinivasan said, “you should not be increasing more debt to provide for any new initiative.”

Japanese Prime Minister Shigeru Ishiba, who took the helm on Oct. 1, has pledged to compile a large-scale spending package to support households struggling with rising living costs.

The relief packages were vowed at a time when the Bank of Japan raised interest rates, adding to the cost of funding for Japan’s public debt, which already stands at double the size of its economy.

The BOJ should raise interest rates in a “gradual” and “data-dependent” way, Srinivasan said, while noting that it was “doing the right thing” on keeping inflation anchored at 2% level.

— Anniek Bao

Thu, Oct 31 202410:52 PM EDT
Debt-strapped property developer Yuzhou’s shares jump over 5% on debt restructuring update
Shares of property developer Yuzhou Group jumped more than 5% on Friday, after the company said it would raise around 12 billion Hong Kong dollars ($1.54 billion) amid an offshore debt restructuring.

The company plans to issue 5.65 billion existing shares at HK$2.127 apiece, according to its filing on Hong Kong Stock Exchange on Friday.

The stock jumped 5.6% to trade at HK$0.133 per share.

Shenzhen-based Yuzhou Group was one of the Chinese real estate developers that took a hit from Beijing’s crackdown on the sector in 2020.

It had filed for Chapter 15 bankruptcy in New York and is undergoing restructuring in Hong Kong and Cayman Islands. As of June, the company still had around $12.68 billion in debt, according to the Friday filing.

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Yuzhou Group Holdings Co Ltd
*Data is delayed | Exchange | HKD
0.10
quote price arrow down-0.033 (-24.81%)
Last | 11/01/24 CTT

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Yuzhou Group Holdings Co
— Anniek Bao

Thu, Oct 31 202410:22 PM EDT
Shares of Apple suppliers in Asia drop after China sales miss estimates
Shares of Apple
suppliers in Asia tumbled on Friday, after the company’s sales in China slipped in the fourth quarter.

Apple chip supplier Taiwan Semiconductor Manufacturing Corp
lost 1.94%, while shares of Hon Hai Precision Industry
— known internationally as Foxconn — which assembles iPhones, declined 2.84%.

Samsung Electronics shares dipped 0.51%. The South Korean electronics giant as well as some of its subsidiaries supply Apple with screens and battery components.

Apple’s quarterly sales in China fell slightly to $15 billion, amid heightened competition in the iPhone maker’s third-biggest market, missing LSEG estimates.

While Apple’s fourth-quarter results beat Wall Street expectations, its net income took a hit from a one-time charge over a tax decision in Europe. The stock fell about 2% in extended trading.

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Taiwan Semiconductor Manufacturing Co Ltd
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1,025.00
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Taiwan Semiconductor Manufacturing Corp
— Anniek Bao

Thu, Oct 31 20241:39 PM EDT
Gold slides, heading for first losing session in five
Gold futures
pulled back roughly 2% on Thursday and headed for their worst day since July.

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Gold COMEX (Dec′24)
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2,745.90
quote price arrow down-3.40 (-0.12%)
Last | 11/02/24 EST

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Gold futures.
Spot gold also pulled back 2% and headed for its first losing session in five. For the month, bullion has advanced about 5%.

— Brian Evans, Nick Wells

Thu, Oct 31 20243:45 PM EDT
U.S. crude oil closes nearly 1% higher as OPEC+ could delay production boost
U.S. crude oil futures closed nearly 1% higher on Thursday, as OPEC+ could delay its planned output boost and gasoline demand picked up in the U.S.

U.S. crude oil
gained 65 cents, or 0.95%, to settle at $69.26 per barrel, while Brent futures
rose by 61 cents, or 0.84%, to close at $73.16 a barrel.

Sources told Reuters that OPEC+ could delay its output hike planned for December by a month or more. The prospect of higher supplies next year has weighed on prices recently.

U.S. gasoline inventories also fell by 2.7 million barrels last week, signaling an uptick in demand.

Oil prices are down more than 3% this week after selling off steeply Monday in the wake of Israel’s retaliatory strikes against Iran. Israel spared the Islamic Republic’s oil facilities, providing some relief for an oil market that had been on edge over the risk of a supply disruption.

— Spencer Kimball

Thu, Oct 31 20246:05 PM EDT
Futures are higher
Stock futures were up shortly after 6 p.m. ET.

Nasdaq 100 futures rose 0.3%. Dow and S&P 500 futures both inched higher by 0.1%.

— Alex Harring

Thu, Oct 31 20247:55 PM EDT
CNBC Pro: Wealth manager for the super-rich names 3 stocks to buy before the year-end
Equity markets rallied this year, as investors remained bullish on Big Tech but also scooped up shares in under-the-radar companies.

CNBC Pro touched base with Kevin Teng, CEO of Wrise Private Singapore, for his take on the stocks he favored at the start of the year, as well as names he’s betting on before the year’s end.

The wealth manager — whose firm serves ultra-high-net-worth individuals across Asia, the Middle East and Europe — revealed his three stock picks, including two under-the-radar names.

CNBC Pro subscribers can read more here on the three stocks he’s betting on now.

— Amala Balakrishner