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10/8
19:47
The Korea Composite Stock Price Index (KOSPI) recently fell below its 100-day moving average, signaling a clear technical weakening and diverging from the Philadelphia Semiconductor Index (SOX), which continues to attract capital inflows. Furthermore, stock buyback demand, which previously supported the market, has weakened prematurely, and high oil prices are adding to the pressure on the South Korean economy. Goldman Sachs believes that the KOSPI's correction is more akin to a "positioning-driven washout" rather than a peak in the semiconductor cycle, given robust forward earnings expectations and low valuations for Korean tech stocks.
19:46
On October 8, China's A-share and Hong Kong stock markets saw divergent trends. Shares of the six major state-owned banks (Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China) generally strengthened. Among them, Industrial and Commercial Bank of China's A-shares closed up 0.36% at 8.31 yuan per share, and Bank of China's A-shares closed up 1.19% at 6.81 yuan per share, with both hitting new historical highs during intraday trading. Meanwhile, technology-related "light assets" such as semiconductors, optical modules, and optical chips suffered heavy losses. The STAR Market 50 Index closed down 4.82%, Changxin Technology fell 7.79%, and Yuanjie Technology dropped nearly 20% (near the daily limit). Wall Street Insights analyzed that this reflects the market's risk-averse and profit-seeking operational logic amidst a volatile market.
19:45
Iran's Foreign Minister stated that negotiations with Washington are ongoing through mediators, with both sides still exchanging information. Tehran has submitted a "seven-day plan" and is currently reviewing the US proposal, with a response expected in the coming days, according to Tasnim News Agency.
19:44
The US House Select Committee on China stated that Webull's ownership, workforce, technology, data flows, financing, and compliance are "tied in structural ways" to China, despite its marketing as an American company. The report cited alleged Chinese Communist Party influence over Webull's mainland unit, Hunan Weibu, through Changsha Municipal Government grants. Webull, which holds $24.6 billion in customer assets, rejected the findings, stating it operates its US business from Florida and New York and keeps American customer data on US soil. Webull's president, Anthony Denier, sold 53,846 shares on Monday, less than 48 hours before the report's release.
19:42
Samsung Electronics' mobile experience (MX) division has requested partners to cut product supply by 20% to 30% for the fourth quarter, according to multiple IT industry insiders. Due to rising memory and semiconductor prices, some industry sources have stated that Samsung is currently "losing money on every smartphone sold." This production cut is larger than market expectations, with full-year shipments now projected to drop from 270 million units to just over 200 million. Data from semiconductor market research firm TrendForce shows that prices for low-power DRAM used in smartphones surged by 175% year-on-year in the second quarter, with an estimated further increase of about 20% in the third quarter. Additionally, Samsung Electronics is set to release its preliminary third-quarter earnings on the 8th, with some brokerages already forecasting an operating loss of 19 trillion Korean Won for the MX division.
19:40
The European Central Bank's (ECB) September meeting minutes revealed that Eurozone financial markets have continued to be driven by rising energy prices since the July meeting, with market attention focused on increasing global long-term yields. The minutes noted that energy prices and futures curves surged due to renewed conflict between the US and Iran, with European natural gas prices reaching their highest levels since early 2023. Markets have pushed up inflation expectations and policy rate outlooks, anticipating persistent inflationary pressures until 2027, and for the first time, raised the ECB's terminal rate expectation above 3%. Additionally, coordinated intervention by US and Japanese authorities to support the yen led to an appreciation of the euro against the US dollar.
19:34
Reports indicate that tanker captains navigating the dangerous Strait of Hormuz are now earning base salaries of up to $100,000, along with a $50,000 bonus per voyage, with overall crew pay reaching four to six times normal salaries. This comes as shipping traffic through the strait fell to its lowest level since July, while oil prices rose on Thursday morning due to ongoing attacks on tankers and extreme logistics costs. Brent crude futures increased by $2.28, or 2.28%, to $102.28 a barrel, and US West Texas Intermediate crude futures gained $1.66, or 1.88%, to $89.94. Shipping companies are reportedly spending $30-40 million for a single round trip to move oil, with crews taking measures like turning off transponders and lights, and barricading decks with sandbags.
19:33
Analysts across several financial institutions project Alibaba Group Holding's cloud and artificial intelligence unit revenue growth to have accelerated in the three months ended September 30, up from the 45% growth seen in the preceding quarter. The unit's profit margins are also expected to rise, driven by strong returns on its aggressive AI investments.
19:29
Devon Energy Corp. has agreed to sell its drilling portfolio in the Eagle Ford shale basin of South Texas to Crescent Energy Co., an oil producer backed by KKR & Co., for approximately $4.2 billion.
19:29
Bangladesh signed a 15-year deal with Dubai-based logistics company DP World on Thursday to operate and maintain the New Mooring Container Terminal (NCT) at Chattogram Port, the country's largest. The agreement ends years of delays and negotiations over one of Bangladesh's most politically sensitive infrastructure projects.
19:28
The Trump administration is proposing a $70,000 fee for international students seeking work authorization through OPT, a significant increase from roughly $500 currently. Additional work training would cost $30,000, potentially making U.S. employment significantly harder for foreign graduates. The proposal faces a 30-day public comment period and potential legal challenges before taking effect.
19:25
Germany's Ministry for Economic Affairs and Climate Action on Thursday released its autumn forecast, significantly raising its 2026 GDP growth projection from 0.5% to 1.3%, marking the fastest growth since 2017. The 2027 growth forecast was also revised upwards from 0.9% to 1.1%. This upward revision is primarily attributed to strong exports in the first half of the year and a substantial increase in government spending, bringing Germany's economic growth outlook back to pre-Middle East conflict levels. The Ministry noted that the manufacturing sector performed exceptionally well despite the impact of the Middle East conflict, with global supply constraints prompting companies to stockpile energy-intensive goods in advance, providing an unexpected boost to the economy. However, the Ministry expects growth to slow to 0.6% in 2028, with ongoing geopolitical instability and elevated energy prices remaining key downside risks.
19:22
Mike Greenley, CEO of Canadian satellite technology company MDA Space, stated that space defense systems are becoming increasingly necessary as Russia and China enhance their hypersonic missile capabilities. He noted that space-based systems can detect, track, and potentially intercept incoming missiles, at a cost no higher than other advanced defense technologies. The United States recently confirmed for the first time that it has deployed weapons in space, and President Donald Trump is planning to invest $185 billion in a ballistic missile interception system called "Golden Dome," while also calling for an increase in the US defense budget to $1.5 trillion by 2027.
19:20
South Korean e-commerce giant Coupang has filed a lawsuit in court challenging a 624.7 billion won (approximately $461 million) privacy fine imposed by the Korea Personal Information Protection Commission. According to sources on Thursday, Coupang filed two petitions with the Seoul Administrative Court on Wednesday, requesting that the commission’s penalty decision issued in June be overturned and seeking a stay of the fine pending the court’s ruling. The commission had previously ordered Coupang and one of its affiliates to pay the fine.
19:19
CNBC cited expert analysis, noting that despite rising interest rates, strong current real estate fundamentals have prevented Real Estate Investment Trusts (REITs) from being as severely impacted as in the past. Seth Laughlin, an analyst at Cohen & Steers, stated that while the 10-year U.S. Treasury yield has risen by 100 basis points over the past year, increasing borrowing costs, REITs have seen accelerated earnings growth, projected to reach 9% this year. David Auerbach of Hoya Capital Real Estate added that the correlation between REITs and interest rates has fallen to a four-year low, and the development pipeline (excluding data centers) is well below its 2022 peak and 2019 levels. Year-to-date, the FTSE Nareit All Equity REITs Index has returned over 6%.
19:15
Russia stated it would respond to any aggression from Western Europe, while denying plans to attack the region. Moscow had previously warned NATO it could use its entire arsenal, including nuclear weapons, if the alliance attempted to cut off Kaliningrad.
19:15
Chinese Vice Premier He Lifeng called for stronger economic and financial cooperation with the UK during talks with the British Chancellor of the Exchequer. Additionally, China's Commerce Minister met with EU trade chief Maroš Šefčovič in Beijing to deepen engagement with the two major European trading partners.
19:10
Bybit will list the NKEUSDT TradFi Perpetual Contract on Oct 8, 2026, 12:00 PM UTC, with maximum leverage of up to 25x. The contract will also be available for trading via Futures Bots, such as Futures Grid, Futures Martingale, and Futures Combo.
19:09
BitMine Immersion Technologies Chairman Tom Lee stated at TOKEN2049 in Singapore that the company will cease accumulating Ethereum once its holdings reach 5% of the cryptocurrency's total supply. BitMine, currently the largest corporate holder of ETH, is close to this limit, needing approximately 88,586 ETH to reach the 5% threshold based on its latest disclosure. At its recent weekly purchase rate, this could take about 5.9 weeks. Lee emphasized the company would not pursue an open-ended accumulation campaign. BitMine held 6,016,414 ETH as of Oct. 4, representing about 4.9% of the 122.1 million ETH supply. The company also reported $643 million in cash and marketable securities, sufficient to cover the estimated $221 million cost for the remaining ETH. Once the 5% cap is reached, further growth in BitMine's ETH position would primarily come from staking rewards, with about 84% of its current holdings already staked.
19:08
The UK's Financial Conduct Authority (FCA) surveyed 411 corporate finance firms, receiving 382 responses, to assess their compliance functions. While most firms reported carrying out key compliance activities, the FCA emphasized that compliance must be seen as a culture embedded by senior managers throughout the business, not merely a series of tasks.
19:07
Oil prices jumped due to a tanker attack and decreased traffic in the Strait of Hormuz. Last month, traffic through the crucial waterway had approached 90% of pre-war levels but has since sharply declined.
19:00
Marine Le Pen, the French far-right candidate, unveiled parts of her fiscal plan this Tuesday, notably omitting pension reforms, a topic on which she previously advocated for lowering the retirement age. Mike Bell, Head of Market Strategies at RBC BlueBay Asset Management, stated that markets are closely watching whether Le Pen will commit to raising the retirement age; otherwise, the spread between French and German 10-year government bond yields could widen further to 200 basis points. Last Friday, the spread between French and German 10-year government bond yields already surpassed 150 basis points, reaching a new high since late 2011. Bell also warned that the European Central Bank's Transmission Protection Instrument (TPI) requires member states to comply with EU fiscal rules, a condition France currently does not meet, which could limit the policy buffer provided by the ECB.

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