🔥 Tech rout and hot US inflation
🌏 A deep chip and AI sell-off is hammering Asia after a hotter-than-expected US CPI. Fed rate-hike fears are back.
🌏 Asian markets (live)
🇰🇷 Kospi: –8.0% to 5,530 (Samsung and SK Hynix down about 9–11% earlier)
🇯🇵 Nikkei 225: –4.5% to 64,696
🇨🇳 Shanghai Composite: –2.4% to 3,677
🇭🇰 Hang Seng: –1.5% to 23,960
🇹🇼 Taiex: about –3%
🇺🇸 Wall Street (Wednesday close)
📉 S&P 500: –1.1% to 7,718.94
📉 Nasdaq: –1.9% to 26,692.87
📉 Dow: –0.1% to 51,621.48
🧾 September CPI: 3.7% y/y (forecast 3.6%, August 3.4%). Core CPI: 2.6% y/y.
📈 The 10-year Treasury yield jumped to about 5.28%.
💱 Markets (live)
💶 EUR/USD: 1.1212 (+0.5%)
🥇 Gold: about $4,160 (+1.3%)
🛢 Brent: about $104.5 (–1.5%), with Houthi attacks on Saudi Arabia and Hormuz shipping fears keeping oil elevated
₿ Bitcoin: about $81,300 (–2.6%)
🗓 Today (GMT+3)
🇬🇧 10:30 – Bank of England’s Bailey speaks
🇺🇸 15:30 – Retail sales, PPI and weekly jobless claims
🛢 19:00 – US crude oil stocks
⚠️ The Fed may hike again, so volatility can stay high.
Go Back Go Back
