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10/16
10:35
TSMC announced its Q3 earnings on October 15, with quarterly revenue reaching $46.6 billion, a 16% increase quarter-over-quarter, exceeding market expectations. The company's Q4 revenue guidance midpoint is $53.3 billion, and its full-year growth guidance has been raised to 44%. Management confirmed that capital expenditure for 2026 will remain unchanged in the range of $60 billion to $64 billion, and explicitly stated that the total capital expenditure for the three years from 2026 to 2028 will significantly surpass the historical total of approximately $101 billion from 2023 to 2025. JPMorgan Chase analysis suggests this provides semiconductor equipment manufacturers with long-term order visibility beyond a single fiscal year.
10:31
China's treasury bond futures rebounded across the board in early trading on October 16. As of press time, the main contracts for 30-year, 10-year, 5-year, and 2-year treasury bonds all rose. Most domestic commodity futures also moved higher, with palladium, Shanghai silver, rubber, and industrial silicon all gaining over 1%.
10:31
Hong Kong's Hang Seng Index opened 1.08% higher on October 16 morning, with the Hang Seng Tech Index rising over 2%. Major tech stocks including Alibaba, JD.com, Tencent, NetEase, and Baidu saw significant gains. The Hang Seng Biotech Index surged over 3%, driven by strong performance in innovative drug companies such as Wuxi AppTec and Asymchem. AI large model stocks, optical modules, and chip semiconductors also rebounded.
10:31
On the morning of October 16, China's A-share market saw its three major indices open higher across the board, with the Shanghai Composite Index up 0.49%, the Shenzhen Component Index up 0.65%, and the ChiNext Index up 0.51%. Sectors such as national defense and military, commercial aerospace, and innovative drugs surged, with Morningstar Aerospace and Great Wall Military Industry leading the gains by hitting their daily limit. AI hardware concept stocks rebounded, with Changxin Memory Technologies and Montage Technology in the storage sector both rising over 5%. The complete vehicle manufacturing sector also saw a rebound, with JAC Motors hitting its daily limit. AI pharmaceutical concept stocks were active, and Hongbo Pharmaceutical surged by 20cm to its daily limit.
10:30
Russian Finance Minister Anton Siluanov attended the G20 Finance Ministers and Central Bank Governors meeting in Bangkok on Thursday, his second in-person appearance at the event since the Russia-Ukraine conflict began in 2022. The move tested how much U.S. engagement with Russia would affect relations with European allies. German Finance Minister Lars Klingbeil expressed his displeasure, stating he would not pretend Russia had resumed normal G20 membership. The meeting failed to issue a joint communiqué, highlighting ongoing divisions among member states on the Middle East conflict, trade imbalances, and the Russia-Ukraine conflict. U.S. Treasury Secretary Scott Bessent was absent from the meeting.
10:30
According to the latest report from Goldman Sachs Prime Brokerage, hedge funds net sold global AI stocks for five consecutive trading days from October 8 to 14, completely reversing all cumulative net purchases since early 2025. Goldman Sachs Prime books showed "significant net selling" of global equities, led by North America and emerging market Asia. Taiwan's market saw a record single-day net outflow of approximately $9.3 billion in foreign capital, and the Philadelphia Semiconductor Index fell for the seventh consecutive day, with related market capitalization evaporating by approximately $2 trillion. Goldman Sachs believes that despite the extreme selling pressure, AI positions remain elevated, and total leverage is near a five-year high, suggesting that this deleveraging cycle is closer to the beginning than the end.
10:29
NVIDIA CEO Jensen Huang addressed market skepticism regarding the return on investment in AI infrastructure during interviews with Bloomberg and the BG2 podcast on October 15, ET. He began by endorsing AI infrastructure provider CoreWeave, stating it "doesn't need NVIDIA to backstop it" and that "the cost of capital is actually coming down." This statement helped CoreWeave's stock close up 5.94% against the market trend that day. Huang further elaborated in the interview that betting trillions of dollars in hashrate construction on the revenue of just two AI labs is "asking the wrong question." He broke down NVIDIA's hashrate demand into three roughly equal segments: about one-third for foundational computing unrelated to AI labs, about one-quarter to one-third for frontier lab demand (involving five or six labs, not just two), and another one-third for thousands of startups renting hashrate. He projected that annual AI infrastructure construction would reach $3-4 trillion by the end of this decade, potentially reaching $10 trillion in the long term.
10:29
Bridgewater Associates recently released a research report stating that the sustained rise in global bond yields is driven by multiple structural forces, and the continuous expansion of asset supply is reshaping the supply and demand landscape of global capital markets, with impacts that will be more profound than currently priced by the market. Bridgewater believes that the recent sharp increase in interest rates reflects stronger-than-expected economic resilience rather than merely an energy price shock, with expanding AI capital expenditures, persistently high government spending, and interest-rate-insensitive borrowing activities being the main drivers. The report warns that current economic resilience has benefited from previously loose financial conditions, and rising interest rates coupled with high energy prices will reduce the likelihood of economic growth maintaining its resilience, especially outside the United States. Bridgewater characterizes the current market landscape as a fundamental reversal of the post-global financial crisis logic, arguing that a significant expansion of net asset supply will systematically push asset yields higher, but overall risk premiums remain low, and transmission pressures have not yet fully materialized.
10:00
Tesla CEO Elon Musk reposted an official Tesla tweet detailing several innovative features of the Roadster model. The vehicle is described as a "true pilot's car," equipped with active aerodynamics, a multi-mode air intake system, and cold gas thrusters. In terms of exterior design, the Roadster features hidden headlights, full-length taillights, and flush surfaces, presenting a minimalist yet highly technical form. The vehicle also comes with ultra-light wheels and thin spokes to enhance structural integrity during ground operation. Its Ano White paint boasts an aerospace-grade finish, offering UV and cryogenic protection, electrostatic dissipation, and corrosion resistance, complemented by gold-glazed tinted glass mimicking the copper coating of astronaut helmet visors, with subtle titanium accents.
09:58
Lookonchain: AGT surged over 100%, with 5 wallets opening 2x longs totaling $1.7M on Aster_DEX and now holding $887K in unrealized profit.
09:47
International oil prices edged lower in early Friday trading as investors weighed escalating Middle East tensions against potential US easing of restrictions on "shadow fleet" tankers. This follows the International Energy Agency (IEA)'s agreement to release over 20 million barrels of diesel and remaining crude oil from emergency reserves pledged in March to alleviate supply pressures. According to Reuters, citing US officials, the Donald Trump administration is considering lifting sanctions on some vessels transporting Russian, Iranian, and Venezuelan oil to reduce record shipping costs. Meanwhile, attacks on vessels near the Strait of Hormuz and escalating conflicts between Saudi Arabia and Yemen's Houthi rebels continue to fuel concerns over regional energy supplies.
09:45
Myanmar coup leader Min Aung Hlaing was given a red-carpet welcome during his visit to Malaysia last week, with Malaysian Prime Minister Anwar Ibrahim pledging to help Myanmar rejoin ASEAN and stating that Myanmar is willing to cover the costs of refugee repatriation, Al Jazeera reported. Since becoming president in April, Min Aung Hlaing has visited ASEAN countries such as Thailand, Vietnam, Cambodia, and Laos, as well as India, China, Russia, and Belarus. Additionally, Reuters reported last week that the United States has also begun direct dialogue with Min Aung Hlaing's government, despite existing U.S. human rights sanctions against it.
09:45
Zimbabwe's government is struggling to persuade citizens to widely adopt its new currency, ZiG, introduced in April 2024, despite efforts to reduce reliance on the US dollar. The ZiG is backed by foreign currency and precious metal reserves, and the Reserve Bank of Zimbabwe (RBZ) has taken steps like issuing upgraded banknotes and expanding its use in tax payments. However, due to past currency crises, many Zimbabweans remain wary, preferring to transact in US dollars. The RBZ has shifted from a 2030 single-currency target to a gradual, market-led transition, but demand for ZiG remains subdued.
09:31
According to a joint communiqué released by China's National Bureau of Statistics, Ministry of Science and Technology, and Ministry of Finance, China's total expenditure on research and experimental development (R&D) in 2025 reached 3,928.82 billion yuan, an increase of 8.2% over the previous year. The intensity of R&D expenditure (ratio to GDP) was 2.80%, up 0.11 percentage points from the previous year. Of this, expenditure on basic research was 283.46 billion yuan, an increase of 13.3%, accounting for 7.21% of total R&D expenditure. National fiscal expenditure on science and technology was 1,318.45 billion yuan, an increase of 4.4%.
09:22
A spokesperson for the Saudi-led coalition stated that if Houthi attacks on Saudi airports continue, it will impact regional security. The spokesperson also noted that Houthi attacks on King Khalid International Airport in Riyadh between October 7 and 11 resulted in 17 deaths.
09:09
Hong Kong regulators’ tough action to crack down on fraudulent activity in the initial public offering market is sending ripples across the city’s financial industry, with insiders predicting short-term turbulence as some listings are scaled back or even cancelled. Financial intermediaries and IPO sponsors are expected to conduct deeper due diligence to ensure deals are free from distortions.
09:02
The 70th China Import and Export Fair (Canton Fair) is underway, showcasing products such as coffee machines, air fryers, and grills equipped with advanced technologies like cameras, according to Nikkei Asia. Amid rising production costs and fragile trade relations, Chinese exporters are actively seeking to expand into overseas markets. This Canton Fair is expected to attract approximately 310,000 visitors and will run until November 4.
09:02
US Senator Bernie Sanders criticized Israel’s policy of “collective punishment” of Gaza’s population by blocking the entry of aid, stating it “will starve children”. In a post on X on October 15, Sanders said Israeli Prime Minister Benjamin Netanyahu’s “extremist government” is cutting off food and shelter for 2 million people in Gaza. He added that Israel’s actions are “illegal and immoral”, calling for an end to using US taxpayer dollars “for these atrocities” and to US military aid to Israel.
09:00
Samsung Electronics announced that three of its products, the Galaxy S26 Ultra smartphone, the Bespoke AI Family Hub refrigerator, and the Odyssey G8 G80HS gaming monitor, have been included in TIME magazine's Best Inventions of 2026 list. TIME noted that the Galaxy S26 Ultra became the world's fastest-selling Android smartphone.
08:59
Strategists expect the Indian rupee to weaken towards 100 per dollar by the end of 2026 and mid-2027, despite recent measures by the Reserve Bank of India (RBI) to slow depreciation. The RBI's actions, including making speculative bets on the rupee more expensive and providing a special dollar window for oil companies, have helped the currency recover from 96.79 to the 95-level against the dollar. However, analysts from S&P Global Market Intelligence and Mizuho Securities believe these steps offer only short-term relief, as fundamental pressures from fund outflows, rising energy bills, a wider current account deficit, and a challenging global capital flow environment persist. RBI Governor Sanjay Malhotra reiterated the central bank's determination to ensure orderly movement in the foreign exchange market.
08:47
Multiple pressures, including rising interest rate expectations, escalating AI financing costs, and a deteriorating competitive landscape, converged this week, leading to a massive sell-off in global technology stocks. As of Thursday, the combined market capitalization of the world's top 20 AI and semiconductor stocks had evaporated by over $1 trillion. The iShares Semiconductor ETF (SOXX), which tracks the chip sector, recorded its eighth consecutive day of declines on Thursday, with a cumulative drop of approximately 12.7% over the period, marking the ETF's longest losing streak in 11 years. In the US stock market, NVIDIA, AMD, Intel, and Dell Technologies all fell on Thursday; the declines in Asian markets were even more severe, with South Korea's SK Hynix plummeting over 10% in a single day, Samsung Electronics falling 8.73%, and Japan's SoftBank Group dropping 7.9%.
08:44
The benchmark Korea Composite Stock Price Index (KOSPI) rose 85.62 points, or 1.54 percent, to 5,639.84 at 9:15 a.m. The rebound follows a more than 7 percent dip in the previous session, driven by concerns over artificial intelligence trade and US inflation.
08:42
A federal judge has rejected a joint bid by crypto exchange Gemini and the Commodity Futures Trading Commission (CFTC) to lift settlement restrictions. Gemini has already paid the $5 million penalty, and a permanent injunction along with restrictions on publicly denying the case's findings remain in place.
08:42
Houthi positions in the Dhi al-Barih and Jaba areas of the al-Misrakh district, south of Taiz city, were hit by two airstrikes, Al Jazeera reported, citing sources from the Taiz military command in Yemen.

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