Gone quietEconomy
Part of US September inflation and Social Security increase
Asian markets selloff after hot US CPI
A deepening AI-linked selloff hit Asia as fears of US inflation and rate hikes met worries about AI debt. South Korea's KOSPI 200 fell more than 8% to a six-month closing low, triggering circuit breakers.
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ReutersThu 15 Oct · 11:22 UTC
🔊 AI stocks are tumbling again as rising borrowing costs test the financing behind the industry's massive buildout.…
Developments
Thursday 15 October
4 developments08:39 UTC· the latest
KOSPI plunges 8% as chip stocks sell off
South Korea's benchmark KOSPI 200 fell over 8% overnight to a six-month closing low, halting trading at times; Samsung and SoftBank also plunged amid fears of rate hikes and AI debt.
SeoulKR
2 sourcesThe Guardian · World, Reuters
The Guardian · WorldRSSThu 15 Oct, 08:39
Tech market sell-off deepens amid fears over US inflation and AI debt Chip makers and tech investors such as Samsung and SoftBank plunge as global investors fret over potential interest rate hikesBusiness news – live updatesLarry Elliott: the global economy is muddling through.
The original postReutersBlueskyThu 15 Oct, 11:22
🔊 AI stocks are tumbling again as rising borrowing costs test the financing behind the industry's massive buildout. Today's Reuters Morning Bid podcast looks at what's changed
The original post
04:05 UTC
Nikkei falls 5%, SK Hynix and Samsung drop about 10%
Asian chipmakers extended Wall Street losses on Fed rate-hike fears and AI funding worries, with SK Hynix and Samsung each down about 10% in Seoul and the Nikkei 225 down 5%.
SeoulKRTokyoJP
2 sourcesTechmeme, The Japan Times
TechmemeRSSThu 15 Oct, 04:05
Asian chipmakers extend Wall Street losses as US Fed rate hike fears and AI funding worries mount; SK Hynix fell 10%+ on the KRX, while Samsung fell ~10% (Lee Ying Shan/CNBC) Lee Ying Shan / CNBC: Asian chipmakers extend Wall Street losses as US Fed rate hike fears and AI fundin
The original postThe Japan TimesRSSThu 15 Oct, 05:47
Nikkei 225 falls 5% on rate and AI concerns The tech-stock rout started in the United States after a higher-than-expected inflation reading.
The original post
03:00 UTC
Dollar retreats from 18-month high despite hot CPI
Cautious Fed remarks and lower Treasury yields led traders to scale back expectations of an October rate hike.
1 sourceReuters
ReutersBlueskyThu 15 Oct, 03:00
Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets The dollar slipped from an 18-month peak on Thursday despite hotter-than-expected inflation data, as cautious remarks from Federal Reserve officials and a pullback in Treasury yields led trader
The original post
01:00 UTC
Kospi sinks over 7% as Asian tech selloff deepens
Asian stocks fell after hotter US CPI raised Fed hike expectations; South Korea's Kospi dropped more than 7%.
SeoulKR
2 sourcesReuters, Associated Press
ReutersBlueskyThu 15 Oct, 01:00
Asian markets sell off as AI trades crumble after hot US CPI data Markets started the day on the back foot as trading kicked off in Asia on Thursday, as a quicker-than-expected increase in US consumer price inflation upped expectations for the Federal Reserve to act later this
The original postAssociated PressBlueskyThu 15 Oct, 02:02
South Korea’s benchmark Kospi index sinks more than 7% as a sell-off of technology shares deepens. South Korea’s benchmark Kospi index has dropped by more than 7% as a sell-off of technology shares deepened after U.S. stocks fell on hotter-than-expected inflation data.
The original post
What it looked like.
Thu 15 Oct · 11:22 · Reuters
🔊 AI stocks are tumbling again as rising borrowing costs test the financing behind the industry's massive buildout.…
KOSPI plunges 8% as chip stocks sell offThu 15 Oct · 03:00 · Reuters
Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets The dollar slipped from an…
Dollar retreats from 18-month high despite hot CPIThu 15 Oct · 02:02 · Associated Press
South Korea’s benchmark Kospi index sinks more than 7% as a sell-off of technology shares deepens. South Korea’s…
Kospi sinks over 7% as Asian tech selloff deepensThu 15 Oct · 01:00 · Reuters
Asian markets sell off as AI trades crumble after hot US CPI data Markets started the day on the back foot as trading…
Kospi sinks over 7% as Asian tech selloff deepens