Market news for October 21, 2025: Asian stocks rally on China-US hopes, new Japanese PM lifts Tokyo; Mandarin Oriental shares surge 36.3% on privatisation offer, Jardine Matheson up 7.5%.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written and hosted by: Emily Liu ([email protected])

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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