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10/22
10:33
Shares of Elice Inc., a new South Korean cloud service provider, rose 25% to 99,900 Korean Won in Seoul on Thursday, surpassing its IPO price of 90,500 Won for the first time. The company's shares had hit the daily limit-up on Wednesday, closing up 30%.
10:32
U.S. Congressman Jamie Raskin posted on X, condemning the Israeli army for detaining dozens of American citizens in the West Bank, including Democratic congressional candidate Brad Lander and at least 31 other U.S. citizens. These citizens were assisting Palestinian farmers in harvesting olives at the time. Raskin also accused Israeli settlers of continuously "terrorizing Palestinians."
10:28
Goldman Sachs reported on October 20 that global crude oil freight rates have surged sevenfold within a year, with the global average freight cost skyrocketing from approximately $3/barrel to over $20/barrel. Freight rates on Middle East routes have even exceeded $35/barrel. The bank identified the Strait of Hormuz war risk premium, ship-to-ship transfers, rising marine fuel costs, inefficient tanker deployment, and disruptions to the Iranian fleet as key drivers. High freight rates are widening crude oil spreads and squeezing refiner margins, with Asian refiners, who are highly dependent on long-haul crude oil imports, being the most affected. Their profits are nearing a critical point, potentially threatening refined product supply and pushing up end-user oil prices. Goldman Sachs expects high freight rates to persist as long as the Middle East conflict maintains its current status, posing an upside risk to Brent crude oil prices.
10:28
Goldman Sachs Research published a report after NVIDIA's GTC Berlin conference, maintaining a "Buy" rating on NVIDIA with a 12-month price target of $300, representing approximately 38.6% upside from the current share price of $216.47. The firm noted that NVIDIA's core message reinforced its view that AI deployment remains on track for the foreseeable future.
10:28
NVIDIA announced several AI advancements at its GTC Berlin conference on October 21, including the launch of the DSX POD modular data center solution, which can reduce deployment cycles from months to two weeks. Supply chain partners announced a 2.5x expansion in substrate capacity and a 3x expansion in CoWoS packaging. NVIDIA also released the OpenShell architecture to address enterprise AI security issues and disclosed that physical AI revenue for the first half of FY27 has reached $11 billion, approximately 30% higher than the full FY26.
10:27
IBM announced its third-quarter earnings, with both revenue and adjusted EPS exceeding Wall Street expectations. The company's revenue reached $17.103 billion, a 5% year-over-year increase; adjusted EPS was $2.95, up 11% year-over-year.

IBM also raised its full-year free cash flow growth guidance to "over $1 billion" and increased its full-year software revenue growth forecast to 7%-8%. Software business revenue was $7.804 billion, up 8% year-over-year, serving as the primary growth driver this quarter. AI-related work accounted for approximately 30% of consulting revenue, but overall consulting business revenue remained flat.
10:19
South Korean JB Financial Group is expanding its business into Central Asia by acquiring 100% of Kyrgyzstan-based financial company Epoke, seeking growth opportunities beyond the Southeast Asian market. Its subsidiary, JB Woori Capital, has agreed to acquire Epoke, which is the parent company of Kyrgyz financial firms Korky Credit and Korky Leasing. The transaction is expected to close by the end of the year, pending regulatory approvals and registration.
10:18
Yemen’s internationally recognised government has warned civilians in Houthi-controlled areas against participating in gatherings organised by the group, stating that such gatherings would be considered “legitimate military targets”.

According to Al Jazeera, the Defence Ministry accused the Houthis of using these events, including cultural gatherings, to recruit children and young people for military activities, urging civilians to stay away to avoid putting their lives at risk.
10:18
DeItaone cited sources saying that Chinese AI company DeepSeek completed a $15 billion financing round, with a pre-money valuation of $74 billion for the latest round. CATL, Tencent, Monolith, and Shixiang participated, with new investors including Stony Creek Capital, Legend Capital, and Geely.
10:12
Deutsche Bank energy analyst Michael Hsueh's research indicates that the trajectory of the Middle East situation will be key in determining Brent crude oil prices in 2027. If peace talks are achieved in the Middle East and the Strait of Hormuz returns to normal transit, oil prices could fall to $74 per barrel; if the conflict continues to spread, they could surge to $130. Incidents of vessel attacks in the Middle East region rose in October to their highest level since the war began, with Brent crude prices climbing to approximately $110/barrel, exceeding Deutsche Bank's previous baseline and adverse scenario forecasts. The bank admits that macroeconomic forecasts face an unusually high degree of uncertainty.
10:08
South Korean crypto exchange Upbit has issued an announcement warning users about recent scams impersonating the GIWA chain, an Ethereum Layer 2 network being developed by its parent company, Dunamu. Upbit stated that the GIWA chain is currently in its testnet phase, with development and preparations underway for its official mainnet launch. Any information circulating in the market regarding the GIWA chain's mainnet launch, digital asset issuance, and investment opportunities is false. Upbit urged users to verify information through official GIWA channels to avoid losses due to fraud.
10:01
Oil prices ticked up on Thursday following further Houthi attacks in Saudi Arabia, which led the United States to instruct certain diplomatic staff and dependents to depart its facilities in the kingdom. Brent crude futures gained $1.29, or 1.2 percent, to reach $110.11 a barrel as of 00:34 GMT, while US West Texas Intermediate (WTI) crude climbed 97 cents, or 1 percent, to trade at $98.12. The US State Department also intends to pull family members from several additional diplomatic outposts across the region, according to US officials speaking to the Reuters news agency.
09:59
Collector Crypt reported a record-breaking day, with total daily revenue reaching $24.3 million. During this period, users opened a total of 123,425 card packs, and this revenue accounted for approximately 13% of the total card pack sales tracked by DefiLlama over the past 30 days.
09:56
Morgan Stanley's latest report indicates that Chinese battery giant CATL's Q3 net profit was RMB 21.2 billion, a 15% year-on-year increase, but 12% below the firm's forecast. The core pressure stemmed from a sharp drop in unit net profit margin from RMB 0.10/Wh in H1 to RMB 0.08/Wh, with gross margin falling 2.5 percentage points quarter-on-quarter to 20.7%. Morgan Stanley analysts believe this profit compression trend will be difficult to reverse quickly and expect a substantial downward revision in market consensus earnings forecasts. Despite the earnings pressure, Morgan Stanley maintains an Overweight rating on CATL's A-shares and a target price of RMB 500.
09:55
Following a meeting in Doha, Qatar's Emir Sheikh Tamim bin Hamad Al Thani and French President Emmanuel Macron issued a joint statement emphasizing the restoration of "unrestricted or uncharged" freedom of navigation in the Strait of Hormuz and calling for a ceasefire in Gaza. The two leaders condemned Iran's military attacks on other countries in the region and called for the withdrawal of Israeli forces from Gaza in accordance with agreements, while ensuring the urgent, safe, and unhindered delivery of humanitarian aid. The statement also reiterated opposition to the annexation of the West Bank and called for an end to Israel's settlement policy and settler violence.
09:51
U.S. Congresswoman Delia Ramirez posted on X that Israel's "genocide of Palestinians is not over" and is funded by American taxpayers. She noted that 500,000 Palestinians will lose aid as the UN World Food Programme significantly cuts operations in Gaza due to funding shortages. Ramirez called for the passage of her "Defund the Bomb Act," introduced in May 2025, which would prohibit the U.S. President from transferring certain weapons to Israel unless humanitarian conditions are met.
09:49
Palm oil prices are expected to remain elevated next year due to lower output caused by drought in key Southeast Asian producing regions and rising demand for biodiesel, Nikkei Asia reported, citing market analysts.
09:47
Iran's envoy to the United Nations has asked the UN Secretary-General and the President of the Security Council to condemn the US maritime blockade of Iranian ports in the Strait of Hormuz and the Gulf region, Al Jazeera reported. Iranian Ambassador Gholamhossein Darzi sent a letter to the UN, calling on the Security Council to urge the US to cease its military aggression against Iran and lift the blockade, stating that Iran would exercise its right to self-defense in response to any act of aggression.
09:44
Heavily indebted mainland Chinese developer Shimao Group announced on Thursday that it has sold two of its hotels in Hong Kong—the Sheraton Hong Kong Tung Chung Hotel and Four Points by Sheraton Hong Kong, Tung Chung—to Oceanfront Hong Kong Limited for HK$2.7 billion (approximately US$344 million). The net proceeds from the sale will be used to repay part of the group's loans obtained in 2020, with the aim of reducing overall debt and strengthening its financial position.
09:33
Micron workers at the company's Taoyuan facility in Taiwan launched the semiconductor industry's first-ever strike on Thursday. The dispute with management is over pay and bonuses, as workers believe they do not reflect the windfall profits from the artificial intelligence boom.
09:31
German science and technology company Merck on Thursday opened a new semiconductor materials factory in Eumseong, North Chungcheong Province, South Korea, aiming to expand molybdenum production to meet chipmakers' growing demand for advanced memory chips. The factory will produce molybdenum dichloride dioxide, used for ultra-thin metal film deposition in chip manufacturing, and will supply customers in South Korea and other parts of Asia.
09:28
Democratic nominee James Talarico on Wednesday criticized Elon Musk for donating $158 million in September to a Republican Super PAC that supports Talarico's opponent, Ken Paxton. Talarico accused Musk of trying to "buy his own personal U.S. Senator" and "buy Texas." Musk had earlier posted on X, stating "There is something deeply wrong with Talarico." The donation came as polls showed Paxton trailing Talarico. Talarico's campaign raised $64 million in Q3, while Paxton's raised $18 million.
09:28
According to CNBC, the latest annual e-Conomy SEA report by Google, Temasek, and Bain & Company reveals that generative AI has reached approximately 243 million people in Southeast Asia, equivalent to 58% of the region's workforce, with an adoption rate four times faster than mobile internet. However, the paid subscription rate for personal AI is only 1%-2%.

Florian Hoppe, a partner at Bain & Company, noted that businesses are creating commercial value from AI through other means like online shopping and digital advertising. For instance, e-commerce platform Shopee now handles about 80% of customer inquiries via AI chatbots, reducing the contact cost per customer by 30%. Consumers hold a "pragmatic optimism" towards AI, with 75% willing to let AI agents complete purchases. Despite this, per capita AI usage in Southeast Asia is still only 10% of the level in the United States.

The report projects that Southeast Asia's digital economy will grow by 17% this year to $368 billion and is expected to exceed $1 trillion by 2035.
09:10
A critical cybersecurity vulnerability, "PHP2Shell," discovered in the PHP programming language, has triggered a global alert, potentially allowing hackers to remotely execute malicious code. Tech giants like Google, OpenAI, and Amazon have responded, with the U.S. National Security Agency (NSA) urging organizations using PHP to prepare security updates on Wednesday. Amazon stated that its threat intelligence team had detected exploitation attempts before the vulnerability was publicly disclosed. Google and OpenAI emphasized the role of their AI models in discovering and resolving these vulnerabilities. The PHP development team has released a fix, and authorities are urging website operators to apply the updates as soon as possible.

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