Asian stock markets dropped sharply amid concerns over AI-related debt and inflation.
South Korea's stock market plunged on Thursday as the KOSPI fell 8 percent. The benchmark index dropped 386.25 points to 5,997.99 by 11:20 a.m. Markets across Asia saw mixed movements, with the Nikkei falling and Asian shares rising slightly. US inflation and AI-related concerns contributed to investor anxiety.
- Samsung Electronics fell 2 percent.
- South Korea's benchmark stock index KOSPI fell 8 percent on Thursday.
- The Nikkei 225 lost nearly three percent.
- MSCI's broadest index of Asia-Pacific shares outside Japan increased by 0.5 percent.
- Economists estimated headline inflation accelerated to an annual 3.6 percent in September.
- The benchmark Korea Composite Stock Price Index fell 150.98 points.
- US crude increased by 0.8 percent to $94.96 a barrel.
- SK hynix declined 5.61 percent.
- CoreWeave and Nebius lost 15 percent and 10 percent, respectively.
- Foreigners sold a net 699.27 billion won worth of stocks.
- Seoul shares opened lower on Monday.
- The Nasdaq declined 0.15 percent.
- A sell-side sidecar is triggered when the KOSPI 200 Futures Index falls 5 percent or more for at least one minute.
- Interest rate traders price in a 37 percent chance the Fed will raise rates this month.
- Barclays downgraded AI server makers to equal-weight from overweight.
- The benchmark TAIEX fell 1,655.96 points, or 3.41 percent, to close at 46,969.87.
- The U.S. Consumer Price Index rose 0.6 percent in September.
- ASML plans to increase capacity by 30% in 2027.
- S&P 500 e-mini futures were down 0.5 percent.
- Oil prices rose amid escalating tensions in the Middle East.
- Samsung Electronics and SK Hynix increased more than 2 percent in South Korea.
- The Korean won was trading at 1,335.70 won against the U.S. dollar.
- Anthropic's revenue reached $11.6bn in the subsequent three-month period.
- Asian shares increased slightly on Wednesday.
- Broadcom CEO Hock Tan likened the recent investor AI buying frenzy to gambling.
Outlets: BBC News, Business Recorder, Business Standard, ECO, Financial Times, Focus Taiwan, Fortune, Free Malaysia Today, Handelsblatt, International: Top News And Analysis, Katadata, MarketWatch, Nikkei Asia, RTP Notícias, Semafor, Taipei Times, The Economic Times, The Economist, The Irish Times, The Jakarta Post, The Japan Times, The Korea Herald, The Korea Times, The Verge
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