{"id":441404,"date":"2026-11-03T12:40:07","date_gmt":"2026-11-03T05:40:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-market-news-rba-hikes-to-18-year-high-441404\/"},"modified":"2026-11-03T12:40:07","modified_gmt":"2026-11-03T05:40:07","slug":"investinglive-asia-pacific-market-news-rba-hikes-to-18-year-high","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-market-news-rba-hikes-to-18-year-high-441404\/","title":{"rendered":"investingLive Asia-Pacific market news: RBA hikes to 18-year high"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/apple-and-palantir-beat-earnings-why-did-both-stocks-fall\" rel=\"follow\">Apple and Palantir beat earnings. Why did both stocks fall?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/more-rba-lifts-cash-rate-to-4-85-in-split-6-3-vote-sees-inflation-above-3-until-late-2027\" rel=\"follow\">More: RBA lifts cash rate to 4.85% in split 6-3 vote, sees inflation above 3% until late 2027<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/reserve-bank-of-australia-rba-25bp-rate-hike-as-widely-expected\" rel=\"follow\">Reserve Bank of Australia (RBA) 25bp rate hike, as widely expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/education\/after-the-binance-hack-the-simple-security-rule-regulators-keep-coming-back-to-hot-vs-cold-wallets\" rel=\"follow\">After the Binance hack, the simple security rule regulators keep coming back to, hot vs. cold wallets<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/nasdaq-s-worst-month-since-march-2025-puts-returns-on-ai-spending-in-focus-says-blackrock\" rel=\"follow\">Nasdaq\u2019s worst month since March 2025 puts returns on AI spending in focus, says BlackRock<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/blackstone-s-gray-sees-more-ai-equity-fundraising-ahead-from-major-tech-firms\" rel=\"follow\">Blackstone\u2019s Gray sees more AI equity fundraising ahead from major tech firms<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/jpmorgan-s-four-midterm-scenarios-s-p-500-seen-moving-between-0-25-and-1-25\" rel=\"follow\">JPMorgan\u2019s four midterm scenarios: S&amp;P 500 seen moving between -0.25% and +1.25%<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/more-on-us-strikes-on-qeshm-officials-confirm-attack-as-trump-plays-down-war-risk\" rel=\"follow\">More on US strikes on Qeshm: officials confirm attack as Trump plays down war risk<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/education\/following-the-money-the-playbook-behind-the-6-3bn-binance-heist-and-a-suspected-106-million-theft\" rel=\"follow\">Following the money: the playbook behind the $6.3bn Binance heist and a suspected $106 million theft<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/pboc-sets-usd-cny-central-rate-at-6-7150-vs-estimate-at-6-6489\" rel=\"follow\">PBOC sets USD\/ CNY central rate at 6.7150 (vs. estimate at 6.6489)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/china-s-pboc-lifts-fx-reserve-ratio-to-6-what-it-means-for-the-yuan-aud\" rel=\"follow\">China\u2019s PBOC lifts FX reserve ratio to 6%: what it means for the yuan, AUD<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/iran-talks-stall-as-reported-us-strike-and-cia-advice-undercut-oil-s-4-deal-hope-drop\" rel=\"follow\">Iran talks stall as reported US strike and CIA advice undercut oil\u2019s 4% deal-hope drop<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/oracle-set-to-price-10-billion-share-sale-at-reported-11-discount\" rel=\"follow\">Oracle set to price $10 billion share sale at reported 11% discount<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/pershing-square-says-big-tech-s-740-billion-capex-is-offensive-not-defensive\" rel=\"follow\">Pershing Square says Big Tech\u2019s $740 billion capex is offensive, not defensive<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/us-to-host-second-ukraine-russia-trilateral-talks-in-abu-dhabi-on-november-10-to-11\" rel=\"follow\">US to host second Ukraine-Russia trilateral talks in Abu Dhabi on November 10 to 11<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/cia-chief-ratcliffe-reportedly-advises-trump-to-keep-no-war-no-deal-pressure-on-iran\" rel=\"follow\">CIA chief Ratcliffe reportedly advises Trump to keep \u2018no war, no deal\u2019 pressure on Iran<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/apple-bought-back-24-billion-of-stock-in-the-quarter-as-purchase-commitments-jump-33-billion\" rel=\"follow\">Apple bought back $24 billion of stock in the quarter as purchase commitments jump $33 billion<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/goldman-don-t-try-to-time-the-s-p-500-top-as-eps-growth-seen-slowing-to-11\" rel=\"follow\">Goldman: Don\u2019t try to time the S&amp;P 500 top as EPS growth seen slowing to 11%<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/us-midterms-what-traders-need-to-know-as-narrow-congress-majorities-face-voters\" rel=\"follow\">US midterms: what traders need to know as narrow Congress majorities face voters<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/wsj-anthropic-ipo-investors-push-for-lower-1-5-trillion-valuation-after-tech-selloff\" rel=\"follow\">WSJ: Anthropic IPO investors push for lower $1.5 trillion valuation after tech selloff<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/up-to-six-blasts-reported-near-iran-s-qeshm-island-as-israeli-tv-cites-us-strike\" rel=\"follow\">Up to six blasts reported near Iran\u2019s Qeshm Island as Israeli TV cites US strike<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/apple-beats-q4-forecasts-on-iphone-and-mac-as-revenue-tops-114-billion\" rel=\"follow\">Apple beats Q4 forecasts on iPhone and Mac as revenue tops $114 billion<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/dow-rises-as-nasdaq-slides\" rel=\"follow\">Dow rises as Nasdaq slides<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/palantir-beats-q3-estimates-lifts-2026-revenue-outlook-to-around-8-5-billion\" rel=\"follow\">Palantir beats Q3 estimates, lifts 2026 revenue outlook to around $8.5 billion<\/a><\/li>\n<\/ul>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>Oil ticked higher after Monday\u2019s roughly 4% slump, as the US struck sites on Iran\u2019s Qeshm Island following the reported downing of a US MQ-9 Reaper drone<\/li>\n<li>A senior US official reportedly said the strike responded to Iran firing at a US aircraft and did not mark the start of expanded US operations<\/li>\n<li>The RBA raised its cash rate 25 basis points to 4.85% in a 6-3 vote, the highest in 18 years; the Australian dollar fell after the decision<\/li>\n<li>The PBOC raised banks\u2019 FX reserve requirement by 2 percentage points and set a weaker yuan fixing; the offshore yuan fell 0.26% to 6.6642 per dollar, its biggest daily drop since June<\/li>\n<li>Asian equities mostly followed US tech lower, led by a 3.7% fall in South Korea\u2019s Kospi; Japan was closed for a holiday<\/li>\n<li>Apple guided to 7% to 10% holiday-quarter revenue growth but a lower 45% to 46% gross margin on rising memory costs; Oracle is reportedly pricing its $10 billion share sale at an 11% discount<\/li>\n<\/ul>\n<p dir=\"ltr\">Oil prices edged higher in Asian trade on Tuesday after US strikes on Iran\u2019s Qeshm Island, partly (small) reversing Monday\u2019s slide on hopes for a diplomatic breakthrough. The Reserve Bank of Australia lifted interest rates to their highest level in 18 years, while moves by China\u2019s central bank pushed the yuan lower and regional equities tracked a weaker lead from US technology stocks.<\/p>\n<p dir=\"ltr\">Oil and Iran<\/p>\n<p dir=\"ltr\">Crude ticked up after falling about 4% on Monday, when mediated talks between Iran and the US raised hopes of a deal. US aircraft struck Iranian sites on Qeshm Island, at the mouth of the Strait of Hormuz, after Iran shot down a US MQ-9 Reaper drone, according to reports. A senior US official was reported as saying the strike was a response to Iran firing at a US aircraft on Monday, rather than the start of a wider campaign.<\/p>\n<p dir=\"ltr\">The Wall Street Journal had earlier reported that the US has carried out a series of limited, unannounced strikes on Iran in recent weeks, and that Gulf states were told to prepare for a short, intense operation after the US midterm elections. President Donald Trump said on Monday the US had not been fighting Iran for months and answered \u201cno\u201d when asked about post-election strikes, though officials said he is weighing all options.<\/p>\n<p dir=\"ltr\">Separately, Axios reported that CIA Director John Ratcliffe has advised Trump to maintain a \u201cno war, no deal\u201d approach and let economic pressure continue. Iran said contacts with Washington continue through mediators after talks with Qatari officials ended without a breakthrough, with its condensed seven-step proposal still the basis for discussions.<\/p>\n<p dir=\"ltr\">RBA and the Australian dollar<\/p>\n<p dir=\"ltr\">The RBA raised its cash rate by 25 basis points to 4.85%, its fifth increase this year. Six board members voted for the move and three preferred to hold. The bank lifted its inflation forecasts materially, now seeing headline inflation peaking at 4.5% and staying above 3% until late 2027, citing higher fuel costs and tighter domestic capacity. It said it would remain attentive to the data, without explicitly signalling further hikes.<\/p>\n<p dir=\"ltr\">The Australian dollar, already softer on weakness in the yuan (see below), fell after the decision, which had been widely expected. The split vote prompted some market speculation that this could be the final hike of the cycle, although the board gave no such signal.<\/p>\n<p dir=\"ltr\">Reserve Bank of Australia Governor Bullock&#8217;s press conferences is still to come, due at 0430 GMT \/ 2330 US Eastern time.\u00a0<\/p>\n<p dir=\"ltr\">China and the yuan<\/p>\n<p dir=\"ltr\">The People\u2019s Bank of China said it would raise the foreign exchange deposit reserve ratio for financial institutions to 6% from 4%, effective November 15, a move that reduces onshore dollar liquidity. It also set its daily reference rate with the dollar higher. Together, the steps point to a desire to slow the yuan\u2019s recent appreciation, and could herald a period of consolidation for the currency. With Chinese interest rates low relative to peers, that could also add to the offshore yuan\u2019s appeal as a funding currency.<\/p>\n<p dir=\"ltr\">The offshore yuan fell 0.26% to 6.6642 per dollar, its largest daily decline since June.<\/p>\n<p dir=\"ltr\">Regional equities<\/p>\n<p dir=\"ltr\">Most Asian markets followed US technology shares lower. South Korea\u2019s Kospi fell 3.7% and the Kosdaq dropped 3.8%, extending recent pressure on the region\u2019s chip-heavy markets. China\u2019s Shanghai Composite slipped 0.7%, while Hong Kong\u2019s Hang Seng bucked the trend to gain 0.4%. Japanese markets were closed for a public holiday. US midterm elections take place on Tuesday.<\/p>\n<p dir=\"ltr\">Earnings and AI financing<\/p>\n<p dir=\"ltr\">Apple beat fourth-quarter forecasts, with revenue of about $114.5 billion, up 12%, and earnings of $2.10 per share. On the call, it guided to 7% to 10% revenue growth in the December quarter but a gross margin of 45% to 46%, below the prior quarter\u2019s guided range, as memory prices keep rising and Siri AI costs weigh. Apple also said it bought back $24 billion of shares and has received most of its tariff refunds. Palantir beat third-quarter estimates and lifted its full-year revenue outlook to around $8.53 billion.<\/p>\n<p dir=\"ltr\">Oracle is poised to price a $10 billion share sale at an 11% discount, according to reports, though the reference price for the discount was not immediately clear. The sale runs alongside a $10 billion bond offering. Blackstone President Jon Gray said more equity fundraising will be needed to meet AI demand. Pershing Square, in its quarterly letter, described hyperscaler spending as offensive rather than defensive investment.\u00a0<\/p>\n<p dir=\"ltr\">\n<p dir=\"ltr\">Reserve Bank of Australia Governor Bullock up soon.\u00a0<\/p>\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Apple and Palantir beat earnings. Why did both stocks fall? More: RBA lifts cash rate to 4.85% in split 6-3 vote, sees inflation above 3% until late 2027 Reserve Bank of Australia&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441404","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441404"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441404\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}