BUSINESS

GameStop shares edged higher after StoneX initiated coverage with a buy rating and US$33 price target, while investors continued to assess the company's eBay bid and turnaround strategy.

Amazon shares rose nearly 3% after last week's post-earnings sell-off, as investors balanced rapid AWS growth against massive AI-related spending and weaker free cash flow.

Nvidia shares rose nearly 2% after a steep chip-sector sell-off, but concerns over Big Tech's AI spending and a lower analyst price target kept pressure on the stock.

Tesla shares rose above $400 in early trading as technology stocks rebounded, while investors weighed the company's robotaxi plans, political risks, regulatory changes and upcoming annual meeting.

HDFC Bank's US-listed shares rose as Anup Bagchi took over as CEO, with investors watching how he tackles weak profitability, governance concerns and post-merger integration.

Intel shares fell 28.6% after its fourth-quarter forecast missed expectations, despite strong data-centre growth, as PC weakness, supply constraints and heavy investment cloud its recovery prospects.

CareDx shares surged after the transplant diagnostics company beat third-quarter expectations, reported stronger testing growth and raised its 2026 revenue and adjusted EBITDA forecasts.

FedEx Freight shares jumped nearly 15% after the newly independent carrier exceeded third-quarter profit expectations and issued an upbeat outlook despite persistent weakness in freight demand.

Methanex shares rose 14% after the methanol producer reported stronger-than-expected third-quarter results, record free cash flow and plans to reduce debt and repurchase shares.

Regeneron shares reached a 52-week high after quarterly profit and revenue exceeded forecasts, helped by stronger Dupixent partnership earnings and record sales of key medicines.

Cavco Industries shares surged 13% after the manufactured-housing company reported record quarterly revenue, stronger home sales and earnings that exceeded Wall Street estimates.

Japan's Nikkei 225 slipped as falling US technology shares and Kioxia's disappointing profit outlook hit semiconductor stocks, while investors watched oil prices, the yen and AI spending concerns.

Indian equities rose sharply on Monday, led by a 7.12% jump in Reliance Industries, despite a steep US technology sell-off and continuing concerns over foreign outflows and oil prices.

South Korea's KOSPI climbed 2.48% after a steep Friday decline, as Samsung Electronics and SK Hynix rebounded amid ongoing investor concerns about AI spending and chip demand.

Chinese shares rose despite weak October economic data, as investors anticipated fresh government measures to support the market and fund share buybacks.

Berkshire Hathaway has sold nearly 688 million Apple shares over two years, but the technology company remains its largest stock holding despite Greg Abel's arrival as CEO.

Lendlease shares climbed nearly 5% despite a prolonged decline, with investors weighing new leadership and asset sales against rising debt, property-market weakness and higher interest rates.

Perenti shares rose nearly 3% on Monday despite a weaker Australian market, as investors assessed the mining contractor's portfolio transition, new leadership and outlook.

NextDC shares rose 3.41% as the data centre operator continued recovering from an eight-year low, despite concerns over its Melbourne power delay, financing and AI infrastructure spending.

Reece shares rose nearly 4% after a volatile week, following first-quarter sales growth driven by Australia and New Zealand despite ongoing weakness in the US housing market.

NRW Holdings shares rose 2.78% to A$6.475 on Monday, recovering after recent declines as investors weighed the contractor's strong contract pipeline, diversification and exposure to interest rates.

Australia's ASX 200 edged lower ahead of the RBA's expected rate increase, as elevated inflation, global market weakness and strong bank results shaped investor sentiment.

Tesla has demonstrated a flying version of its Roadster using rocket-inspired thrusters, but production, certification, deliveries and legal everyday use remain uncertain despite a 2028 target.

Alphabet's latest results have intensified concerns that AI-powered search could weaken Google's advertising model, even as cloud revenue surges and the company ramps up spending.

SK Hynix and Samsung reported record quarterly profits, yet their shares fell as investors questioned whether Big Tech's huge AI investments can continue and weighed each company's risks.

Capital One customers reported problems accessing the app on Friday, following several recent outages as the bank continues integrating Discover customers and payment operations.

AMD shares dropped more than 8% after Intel forecast a sharp contraction in the PC market, while stronger data-centre competition and rising AI investment costs added to investor concerns.

Nvidia shares fell as heavy technology-sector selling renewed concerns over the enormous cost and uncertain returns of AI infrastructure spending, despite strong customer demand.

Micron shares fell for a second consecutive session as concerns over the cost and sustainability of AI investment overshadowed soaring memory chip prices and industry profits.