Asian equities declined for a second consecutive day as investors reacted to renewed US tariff threats on Chinese software exports and fresh sanctions on Russian entities. Japan’s Nikkei dropped 0.8%, while Hong Kong’s Hang Seng slipped 1.1%. Energy stocks outperformed as Brent crude rose to $88 per barrel, offsetting partial regional losses. Analysts attribute the decline to escalating trade frictions and global risk aversion ahead of key inflation data releases in the United States.

T-Mobile US raised its full-year guidance after posting record wireless subscriber additions that outpaced AT&T and Verizon. The carrier added 2.6 million 5G users in Q3, driven by network expansion and competitive pricing. Management highlighted its focus on rural coverage and enterprise solutions as growth drivers. The stock gained 2% post-announcement, with analysts calling T-Mobile the “strongest growth story in US telecom.”