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US:U.S. stocks recorded another week of sharp losses on Friday in a downbeat end to a month and quarter wrought by vicious selling that tipped all three major averages into a bear market. The S&P 500 tumbled 1.5% after trying — and failing — to find its footing earlier in the session, while the Dow Jones Industrial Average erased nearly 500 points, or 1.7%.

Asia: Shares in the Asia-Pacific mostly fell on Monday as markets enter the last quarter of the year. Hong Kong’s Hang Seng index was 0.8% lower in early trade. In Australia, the S&P/ASX 200 gave up early gains to fall 0.4%. The Nikkei 225 in Japan fell more than 1% in early trade, but recovered slightly and was last up 0.18%.

India: India stocks were higher after the close on Friday, as gains in the Metals, Banking and Consumer Durables sectors led shares higher. At the close in NSE, the Nifty 50 rose 1.64%, while the BSE Sensex 30 index added 1.80%

Nifty is expected to open down and likely to witness selling pressure during the day.

Global Economy: New home prices in China fell for the third straight month in September as a mortgage boycott across the country and a slowing economy discouraged potential home buyers. Prices in 100 cities fell 0.02% in September from a month earlier, after declines of 0.01% in July and August, respectively.

Commodities: Gold prices steadied above a major support level on Monday as growing risks of an economic recession spurred some safe haven demand for the yellow metal.

Oil prices rallied in early trade on Monday following multiple reports that the OPEC+ will decide on supply cuts during a meeting this week, as it grapples with weakening prices.

Currency: The U.S. dollar index fell 0.12% to 122.10, while the yen firmed at 144.79. Dollar/yen has held steady below the 145 level following an intervention by Japan to shore up the fragile currency.

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