🌏 Asia: chip rout, mixed picture
🔻 Kospi –6.2% (≈5,990) | 🔻 Nikkei –2.0% (≈67,600) | 🔻 Taiwan –1.8% | ➖ Hang Seng –0.2% (≈24,230) | 🟢 Shanghai +0.2% (≈3,806) | ➖ ASX 200 flat (≈8,783). Fears over AI spending and new Chinese memory-chip competition hit SK hynix, Samsung, Kioxia and Tokyo Electron.
🇺🇸 Wall Street: tech drags
📈 Dow +0.38% (51,851) | 📉 S&P 500 –0.06% (7,807) | 📉 Nasdaq –0.44% (27,246). Semiconductors led the decline. Treasuries were closed for the Columbus Day holiday, so the 10-year yield stays near 5.24%.
🛢 Oil and geopolitics
Brent is near $105.7 (–0.9%) and WTI near $92.7. Hormuz shipping risks and Houthi attacks keep the risk premium high, while reports of extra Russian diesel exports cap gains.
💵 Dollar and gold
DXY ≈102.4 (–0.15%), easing from an 18-month high | 🥇 Gold ≈$4,195 (+0.6%) rebounds as the dollar softens.
💱 Currencies and crypto
🇪🇺 EUR/USD ≈1.1172 (+0.15%) | 🇯🇵 USD/JPY ≈158.3 | 🇬🇧 GBP/USD ≈1.3217 | ₿ Bitcoin ≈$83,500 (–0.8%) | Ξ Ethereum ≈$2,516 (–2%).
📅 Today’s calendar
🇩🇪 Germany final CPI | 🛢 OPEC monthly report | 🇺🇸 ADP weekly employment and existing home sales | 🏦 Bank earnings start: JPMorgan, Goldman Sachs, Citigroup, Wells Fargo.
👀 Next up
Tomorrow brings US CPI (consensus 3.7% y/y vs. 3.4%), the last inflation print before the Fed’s October 27–28 meeting. Lagarde also speaks.
⚡ Trade the headlines with NordFX.
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