Asian stocks were set to decline as a selloff in chipmakers weighed on sentiment ahead of a pivotal earnings season and US inflation data that could shape the Federal Reserve’s next move.

Asian stocks to fall after US chipmaker sellof

Oil held a gain as a widening conflict in the Middle East threatened to hamper a recovery in supply from the region, while there were also doubts over US President Donald Trump’s claims of an “energy ceasefire” between Russia and Ukraine.

Oil holds advance as expanding Middle East war threatens supply

Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades.

Bank stocks mired in correction into earnings as yields rise

A selloff in chipmakers left stocks wavering ahead of the earnings season, with traders also gearing up for this week’s inflation data that will be key in shaping the Federal Reserve outlook.

US stocks waver on slowest trading day in 2026

The Ministry of Health (MOH) will recommend absorbing contract dental and pharmacy officers into permanent positions for the consideration of the Ministry of Finance and the Cabinet, in an effort to ensure the future and welfare of these groups are safeguarded.

MOH will recommend absorbing dental and pharmacy officers — Dzulkefly

US stock indices were mixed on Monday, with tech heavyweights facing heat as oil prices touched their highest in about two weeks ahead of big bank earnings and inflation data due later in the week that couldpotentially steer the Fed's policy path.

Oil rally pressures S&P, Nasdaq; Microsoft, Salesforce buoy Dow

The absence of accurate numbers of individuals without identification documents poses a challenge for the National Registration Department (JPN) in identifying the Orang Asli and indigenous communities who are still left out of the national registration system.

JPN faces challenge in identifying affected groups due to lack of identification documents

LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China.

LVMH sales at key unit fall as China woes hurt Louis Vuitton

The government is confident it can spend the RM510 billion allocated in Budget 2027 without introducing any new taxes, says Minister of Finance II Datuk Seri Amir Hamzah Azizan.

Budget 2027: Govt confident of RM510 bil expenditure without introducing new taxes — Amir Hamzah

The iron and steel sector is among those frequently facing pressure from dumped imports of intermediate goods, with eight of Malaysia’s nine existing anti-dumping measures covering products in the sector.

Eight of Malaysia’s nine anti-dumping measures cover iron, steel products — Miti

Zetrix AI Bhd’s (KL:ZETRIX) managing director Wong Thean Soon, better known as TS Wong, has continued to sell down his shareholding, further reducing his stake in the company.

TS Wong’s stake in Zetrix falls further, independent director Mohd Mokhtar resigns

IJM Corporation Bhd (KL:IJM) has secured a RM1.23 billion contract from AT&amp;S Austria Technologie &amp; Systemtechnik (Malaysia) Sdn Bhd to construct semiconductor manufacturing facilities at the Kulim Hi-Tech Park in Kedah.

IJM bags RM1.23 bil contract to build AT&S semiconductor manufacturing facilities in Kedah

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

AirAsia, IJM, Zetrix AI, IOI Properties, MN Holdings, Swift Energy, Kinergy, iCents, Infomina, LAC Med 

MN Holdings Bhd (KL:MNHLDG) has secured a RM293.88 million contract to build two high-voltage power facilities for a data centre development in the central region of Peninsular Malaysia. 
&nbsp;

MN Holdings bags RM294 mil job to build power facilities for a data centre

Steel manufacturer Malaysia Steel Works (KL) Bhd (KL:MASTEEL) on Monday announced the acquisition of a&nbsp;51% stake in a high-voltage electrical engineering firm for RM12 million&nbsp;to expand into power infrastructure and data centre construction,&nbsp;as well as a proposed placement of nearly 4% of its issued share base to raise up to&nbsp;RM5.78 million for working capital.

Masteel announces 51% stake buy in power infra firm and private placement to raise working capital funds

IOI Properties Group Bhd (KL:IOIPG) is eyeing a 50% stake in One Raffles Place, an integrated commercial development in Singapore’s central business district.

IOI Properties looking to take 50% stake in Singapore’s One Raffles Place

LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China. 
&nbsp;

Just over a year after completing a private placement, Edelteq Holdings Bhd (KL:EDELTEQ) plans to undertake another private placement seeking to raise up to RM26.75 million.

Edelteq plans another private placement to raise up to RM27 mil

HSBC Holdings Plc will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses, becoming the latest UK lender to switch to Wall Street-style remuneration to better align with performance. 
&nbsp;

HSBC moves to Wall Street bonus model, cuts fixed-pay deals

US stock indices were mixed on Monday, with tech heavyweights facing heat as oil prices touched their highest in about two weeks ahead of big bank earnings and inflation data due later in the week that couldpotentially steer the Fed's policy path.

Medical technology solutions provider LAC Med Bhd (KL:LACMED) has secured a seven-year contract worth up to RM20 million to supply medical imaging equipment and related services to an upcoming specialist healthcare centre in Petaling Jaya, Selangor.

LAC Med bags RM20m imaging equipment supply contract for new PJ medical centre 

Middle-income earners (M40) are among those benefitting from Budget 2027 through an increase in the individual tax relief limit to RM12,000 from RM9,000, alongside RM100 under the Sumbangan Asas Rahmah (Sara) Madani assistance to be disbursed twice next year to eligible adult Malaysians.

M40 to benefit from Budget 2027 tax relief, Sara aid — Treasury secgen

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI up 0.59% to 1,618.01 on Oct 12, 2026

The High Court here on Monday ruled that contempt proceedings brought by the Malaysian Communications and Multimedia Commission against blogger Papagomo should proceed before a hearing to extend court curbs (inter partes injunction) on his social media use.

High Court to hear MCMC’s contempt proceedings against Papagomo before deciding on social media curbs

Several top energy executives were dropped from the schedule of the WPC Energy Congress in Riyadh, as Saudi authorities pressed ahead with the event despite deadly attacks on the capital claimed by Yemen's Iran-aligned Houthis.

Top oil executives dropped from event schedule after Riyadh attacks

Malaysia and Jordan are seeking to expand strategic cooperation in high-tech industries, particularly semiconductors and advanced technical education and training, to develop more engineers and skilled workers for future industry needs.

Malaysia, Jordan eye stronger high-tech cooperation to develop more engineers — Anwar

Jelutong MP RSN Rayer on Monday called for Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi to be charged again in the Yayasan Akalbudi corruption case.

DAP MP calls for Zahid to be charged again in Yayasan Akalbudi case

SoftBank Group Corp-backed OPay Digital Services Ltd plans to raise about US$500 million (RM2.04 billion) with its private placement and an initial public offering in New York, according to people familiar with the matter. 
&nbsp;

 SoftBank-backed OPay eyes up to US$500 mil in New York listing — Bloomberg

Cleanroom services provider iCents Group Holdings Bhd (KL:ICENTS) said it has secured a contract worth RM36.15 million to undertake engineering, procurement, construction and commissioning (EPCC) works for the turnkey development of a semiconductor wafer processing facility in Selangor. 
&nbsp;

iCents Group bags RM36 mil job from US-based company for EPCC works in Selangor

Infomina Bhd (KL:INFOM)’s wholly owned subsidiary, Infomina Jalan K.K., has renewed its five-year software subscription and maintenance contract worth&nbsp;¥855 million (about RM22.1 million) with Panasonic Digital Co Ltd.

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