Nikkei Dips Below 48,000 Amid US Market Downturn; Spot XRP ETFs Attract $1.9B in Assets
Key Takeaways
- Nikkei fell below 48,000 on October 17 due to US market decline.
- Spot XRP ETFs attracted $1.9B in assets within a month of launch.
- Eletrobras sold Eletronuclear stake to J&F for R$535 million on October 15.
- Coca-Cola considers $1B IPO for its Indian bottling unit, valuing it at $10B.
- Deel raised $300M Series E at $17.3B valuation, led by Ribbit Capital.
Top Stories
Nikkei falls below 48,000 on October 17 amid US market decline.
On October 17, 2025, the Nikkei Stock Average temporarily fell over 500 points to below 48,000, influenced by simultaneous declines in major US indices. The Tokyo stock market's Nikkei 225 index opened at 47,838.59, a 0.91% decrease from the previous trading day.
Spot XRP ETFs attract $1.9B in assets within a month.
On October 16, 2025, the launch of spot XRP ETFs by BlackRock, Fidelity, and VanEck attracted over $1.9 billion in assets under management within a month, despite XRP experiencing a 3.6% pullback.
Eletrobras sells Eletronuclear stake to J&F for R$535 million.
On October 15, 2025, Eletrobras sold its minority stake in Eletronuclear to J&F for R$535 million, granting Âmbar Energia 68% of the total capital and 35.3% of the vote.
Coca-Cola eyes $1B IPO for Indian bottling unit.
On October 17, 2025, Coca-Cola Co. is considering an IPO of its Indian bottling unit, Hindustan Coca-Cola Beverages Pvt., which could fetch $1 billion and value the unit at about $10 billion.
Deel raises $300M Series E at $17.3B valuation, led by Ribbit.
On October 16, 2025, Deel announced it has raised $300 million in Series E funding at a $17.3 billion valuation, led by Ribbit Capital.
Analyst's Take
Piper Sandler maintains $69 target for Celsius, cites strong distribution.
On October 16, 2025, Piper Sandler reiterated its Overweight rating on Celsius Holdings (CELH) and maintained a price target of $69.00, citing strong distribution gains and product innovation.
Jefferies upgrades Star Health to 'buy,' raises target to INR 650.
On October 17, 2025, Jefferies upgraded Star Health & Allied Insurance from 'hold' to 'buy,' increasing the target price from 490.00 to 650.00 Indian rupees.
BofA upgrades Sea Limited to buy, $215 target, 32% upside.
On 2025-10-16, Bank of America upgraded Sea Limited to a buy rating and raised its price target to $215, citing strong fundamentals.
Investment Radar
Investing.com: Comcast, Regeneron, Arch Capital as Q3 buy opportunities.
On October 16, 2025, Investing.com identified Comcast Corp (CMCSA), Regeneron Pharmaceuticals (REGN), and Arch Capital Group (ACGL) as potential buy-and-hold opportunities ahead of their Q3 2025 earnings reports.
Bitcoin analysis: Weak candle, support at $112.7k, risk-on potential.
On October 15, 2025 DibaPrism posted a Bitcoin analysis showing low open interest, a weak daily candle, and early bearish technical signs while noting that fundamentals could still turn risk‑on; Bitcoin holds a key support around $112.7k.
Kuriyama Holdings stock could double, analysts say, citing undervaluation.
On October 15, 2025, analysts suggested that Kuriyama Holdings (TYO:3355) stock could double, citing past growth, ambitious plans, and undervaluation.
Market Snapshot
Wipro's Q2 FY26 results show marginal profit increase, misses estimates.
On October 17, 2025, Wipro's stock was in focus due to its Q2 FY26 results, which showed a marginal profit increase but missed street estimates; the stock closed at Rs 250.21, up 1.44%.
BOJ considers rate hike beyond 0.5% based on economic data.
On October 16, 2025, BOJ Governor Kazuo Ueda indicated a possible rate hike beyond the current 0.5% at the October 29-30 policy meeting if growth and inflation forecasts improve.
Australian shares slip from record high; energy, tech stocks fall.
On October 17, 2025, Australian shares slipped from a record high due to losses in energy and tech stocks; the S&P/ASX 200 index fell 0.3% to 9,043.80.
Fed's Waller: Ample reserves reached, focus shifts to asset composition.
On October 16, 2025, Federal Reserve Governor Christopher Waller stated that the central bank has reached an ample reserve level, suggesting limited room for further balance sheet reduction.
Interactive Brokers' Q3 earnings beat estimates; stock falls after hours.
On 16 Oct 2025, Interactive Brokers posted Q3 earnings that beat estimates, delivering Non‑GAAP EPS $0.57 vs $0.53 expected and revenue $1.66 B vs $1.52 B expected.
Fed speeches, bank results, gold highs to influence markets.
On October 16, 2025, markets are influenced by Fed speeches, US bank results, gold and silver reaching historic highs (over 4,000 USD/oz and 49.57 USD/oz respectively), and US-China trade tensions.
Rupee recovers to 87.93 per USD after Powell's rate cut hint.
On 2025-10-15, the rupee recovered 88 paise to 87.93 per US dollar after the dollar index slipped, driven by Fed Chair Jerome Powell’s hint of more rate cuts.
Bank of Mexico warns against further rate cuts amid inflation.
On 15 Oct 2025, Bank of Mexico Deputy Governor Jonathan Heath warned that the central bank should be cautious about further interest‑rate cuts, pointing to September headline inflation of 3.76%.
Travelers' Q3 core income jumps 53% to $1.867 billion.
Travelers announced on October 16, 2025 that its Q3 2025 core income rose 53 percent to $1.867 billion and net income rose 50 percent to $1.888 billion.
Australia's share market nears record highs, led by banks, miners.
On October 15, 2025, Australia's share market is nearing record highs, led by a strong performance from banks and miners.
Brazil: 15% Selic rate sufficient to curb inflation to 3% target.
On 15 October 2025, Brazil's central bank monetary policy director Nilton David said the 15% Selic rate should be enough to bring inflation back to the 3% target.
Brighthouse Financial in sale talks with Sixth Street at ~$55/share.
On October 16, 2025, Brighthouse Financial (BHF) entered into sale discussions with Sixth Street at an approximate price of $55 per share.
Dow, S&P 500, Nasdaq futures fall on regional bank, China fears.
On October 17, 2025, futures for Dow, S&P 500, and Nasdaq 100 fell 1.2-1.5% due to concerns about US regional banks and trade tensions with China.