Asian equities were mixed overnight on light volumes as investors await Nvidia’s earnings results after the US market close.

Elon Musk plans a Tesla bot factory, but China’s Unitree already sells humanoid robots commercially at lower prices, beating U.S. competitors to market. China has five times more robotics companies than the U.S., plus government support and manufacturing prowess driving rapid deployment of emerging technology.

China’s benchmark bond yield is poised to fall below Japan’s, a historic crossover that may reignite fears the world’s No. 2 economy is sliding into the deflationary spiral that paralyzed its neighbor in the 1990s.

Chinese gold ETFs saw notable inflows in October, adding RMB32bn (US$4.5bn) in the month, the strongest since April. Their total AUM, supported by the hefty inflow and a higher gold price, jumped 24% to RMB210bn (US$29bn) whilst holdings surged 33t to 227t – both at their month-end peaks ( Chart 3 ).

Mike Minor says the agency reported 29 million bushels of soybean purchases Tuesday morning which brings China's total to from 8% to 12% of the total 12 MMT commitments they've made.

Japanese stocks related to tourism and retail fell on Monday after China warned its citizens not to travel to the country as Tokyo and Beijing remain locked in a row over Taiwan.

Asia stocks trade in red on Tuesday followed Wall Street’s decline overnight ahead of the announcement of the jobs data and Nvidia’s quarterly results. Japanese markets were the worst performers of the day,

Randy Martinson says confirmation of 29 million bushels of soybeans sold to China is already priced into the market after the big rally to 17-month highs in soybeans. So, the market is seeing a traditional "buy to rumor sell the fact" reaction.