According to Nikkei: Consortiums including Nippon Steel, JFE Steel and Kobe Steel will become targets of government support.

According to Nikkei: Japan will double its support for the development of hydrogen reduction steelmaking to more than 400 billion yen.

Brent crude oil hit $94 per barrel, up 0.38% on the day.

Market news: Xiaomi supplier Dixon will open a smartphone factory near New Delhi, India.

MSCI Asia Pacific Index rose 1% to 164.61 points

Data show: Indonesia’s coal exports in August were 29.6 million tons, down from 32.3 million tons in July.

Thai Prime Minister Srettha: The government prioritizes the investment agenda.

U.S. President Joe Biden approves a state of emergency in Maine.

Ford: The UAW filed a counterproposal Thursday night with few changes from its original demands.

The U.S. dollar index DXY fell 10 points in the short term and is now at 105.29.

At the opening of early trading, the main domestic futures contracts rose across the board. Paraxylene (PX) rose nearly 5%, SC crude oil and low-sulfur fuel oil (LU) rose more than 3%, and coking coal and vegetable oil rose more than 2%.

The Nikkei 225 extended its gains, rising to its highest level since July 4.

The Nikkei 225 Index rose 1% on the day.

SoftBank Group’s Japanese shares rose 3%, and its subsidiary Arm rose nearly 25% on its first day of listing.

According to The Information: Google is about to release Gemini AI.

UAW executive: Unions and automakers remain deeply divided. Health care and wages for retirees are points of contention in the negotiations.

South Korean Finance Minister Choo Kyung-ho: South Korea will consider extending fuel tax relief measures if necessary.