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Nidec fell 2.8% to a decade low after a committee found founder Shigenobu Nagamori and other executives civilly liable over accounting misconduct, per Investing.com.
Axis Bank dropped 3.7% as rising operating expenses overshadowed a 38% jump in net profit, while the yen held near 158 per dollar.
Malaysia's September exports rose 54.5% to a record MYR 215.1 billion on electrical and electronic shipments, per Department of Statistics Malaysia data compiled by Trading Economics.
Gotrade News - Asian markets opened the week mixed on Monday, October 19, 2026, as Nidec sank to a decade low on an accounting-liability report, India's Axis Bank fell 3.7% after earnings, the yen held near 158 per dollar, and Malaysia's September exports jumped 54.5% to a record.
According to Investing.com, Nidec shares fell 2.8% to 1,760 yen on Monday, their weakest level since 2016, after an independent committee concluded that founder Shigenobu Nagamori and other current and former executives bore civil liability for years of misconduct, particularly in accounting. The committee found the executives "violated corporate laws," and the report named former CEOs Jun Seki and Mitsuya Kishida among those responsible.
Nidec said it would consider legal measures against the group and plans to release a redacted version of the report on Tuesday, as reported by Investing.com. The company also faces a potential delisting warning from the Tokyo Stock Exchange, while some shareholders have called for privatization as part of a turnaround.
Yen Holds Near 158 as Nikkei Pares Early Losses
Per NordFX's October 19 market pulse, USD/JPY traded around 158.09 and the Nikkei 225 was down 0.7% near 64,855 after an early drop of more than 2%. The same note had South Korea's Kospi up 0.6% and Shanghai up 0.2%, with Hong Kong closed for Chung Yeung Day.
NordFX also put Brent crude near $107.87, down 1.8%, and said markets price about an 84% chance that the Federal Reserve holds rates at its October 27-28 meeting.
Axis Bank shares fell 3.7% to ₹1,241.8 on Monday after its latest earnings report showed rising costs, according to Investing.com, touching an intraday low of ₹1,225.3. Consolidated net profit rose 38% year on year to ₹7,003 crore and net interest income grew 12% to ₹15,371 crore, but non-interest income slipped 1% to ₹6,531 crore while operating expenses rose sharply. Investing.com described the results as "a mixed picture beneath a strong headline profit number."
Per the same report, Motilal Oswal Financial Services said elevated operating expenditure was the main reason for a slight earnings miss, partly offset by strong NII growth and lower-than-expected provisions. The Sensex edged marginally lower amid concerns over oil prices and Indian economic headwinds, and the broader market "provided little support."
Malaysia Exports Jump 54.5% on E&E Shipments
Malaysia's exports surged 54.5% year on year to a record MYR 215.1 billion in September 2026, according to Department of Statistics Malaysia data compiled by Trading Economics. Electrical and electronic products rose 69.2%, and shipments grew to all ten major destinations, led by Taiwan (+175.2%) and the United States (+89.9%).
The chip boom has been building all year: Crypto Briefing reported that chip-related exports rose 82.4% in the first eight months of 2026, and cited the World Bank as saying more than 70% of Malaysia's early-2026 export growth came from AI-related products.
The table below sets out the August and September trade readings from the Department of Statistics Malaysia, as compiled by Trading Economics.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms registered with Kominfo (Indonesia's Ministry of Communication and Informatics). His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
