Spot platinum hits the $1700 mark, now quoted at $1699.60, down 1.46% on the day

According to Zhitong Finance APP, storage chip concept stocks broadly declined on Tuesday. Seagate Technology (STX.US) dropped more than 7%, Western Digital (WDC.US) fell nearly 7%, SK Hynix (SKHY.US) was down 3%, and SanDisk (SNDK.US) lost over 2%. In terms of news, on October 6, Seagate was reported to be bidding against Toshiba for TDK’s hard disk drive head business, with the transaction value potentially reaching several billions of dollars. Increased uncertainty in the short term has arisen due to acquisition expenses, the effectiveness of integration, and changes in the competitive landscape of the supply chain. Following the announcement, both Seagate and Western Digital’s stock prices weakened.

According to Nikkei: Honda and Nissan have each partnered with American AI startups to develop next-generation vehicle software.

Neil J Kanatt, Reuters, October 6 - On Tuesday, shares of Mattel (MAT.O) dropped about 3% after investor Ariel Investments urged the toy maker to explore strategic options including a sale, merger, or divestiture of key assets. This move increased pressure on Mattel. Last week, the company announced CEO Ynon Kreiz would step down, which has sparked renewed acquisition interest in the company. Details are as follows: Ariel, which holds a 5.4% stake, said in a letter that Mattel’s stock remains significantly undervalued and that its portfolio could be attractive to other toy companies, entertainment firms, or private equity funds. A source told Reuters that last week, Authentic Brands—owner of brands such as Reebok, Brooks Brothers, and Guess—approached Mattel for a potential acquisition, valuing the company at around $6 billions or higher. This is the second time this year that investors have pushed for a strategic review. In May, Southeast Asset Management also urged Mattel to consider options including privatization, a sale to Hasbro (HAS.O), or selling to a media company. Mattel has faced pressures from weakened toy demand and rising tariff-related costs in recent years. The company stated it would "consider the views expressed in Ariel Investments’ letter" while "acting in the best interests of all shareholders." "The debate is increasingly focused on a central issue: are Mattel’s brands worth more inside the company or in someone else’s hands? Investors want evidence showing the company is worth more as a whole than the sum of its parts," said Brian Jacobsen, Chief Economist at Annex Wealth Management. According to data compiled by London Stock Exchange Group (LSEG), Mattel’s current share price is $15.65 and its forward price-to-earnings ratio is 10.45, compared to Hasbro’s P/E ratio of 14.35. (For the convenience of non-English speakers, Reuters provides automated translations of its reports in several languages. Because automated translations may contain errors or lack the necessary context, Reuters does not guarantee the accuracy of the translated texts and provides them only for readers' convenience. Reuters accepts no responsibility for any damage or loss arising from the use of automated translation features.)