
Kospi Plunges 7.6% as AI Chip Selloff Deepens
Kospi (KS11) closed lower a seventh straight session as Samsung fell 9.5% and SK Hynix 11.1% on rate fears
Daily Digest
Daily Digest
Pomegra Briefs - Page 11 of 52
Short, sourced summaries of the biggest market stories - what happened, why it matters, the key numbers, and what to watch next

Kospi (KS11) closed lower a seventh straight session as Samsung fell 9.5% and SK Hynix 11.1% on rate fears
Comex copper (HG=F) sits 5% below its record as US stockpiles top 1 million tonnes ahead of a 15% levy plan
Anthropic (not yet listed) is pitching a $1.8–2T valuation and aims to list before Thanksgiving

Chicago Fed's Goolsbee called September's 3.7% inflation 'discouraging' as diesel lifts costs nationwide

Bitcoin (BTC) slid as Ethereum fell about 5% and US inflation hit 3.7%, above the 3.6% forecast

Nvidia (NVDA) closed at $221.30 as CEO Jensen Huang said he would cut off customers building unsafe AI.
Apple (AAPL) closed at $342.96, worth $5.005 trillion, while the Nasdaq fell 1.9% on tech weakness.
S&P 500 (SPX) had its worst day since July as the Nasdaq sank 1.9% and hot inflation lifted rate fears

Taiwan Semiconductor (TSM) has already booked record Q3 sales of NT$1.49 trillion, up 51%, on AI chip orders.

GameStop (GME) CEO Ryan Cohen's fifth buy since September lifts his stake to about 9.1% of the company.
Morgan Stanley (MS) earned $3.03 a share on $20.3B revenue, with equities trading up 41%, yet shares slid.
Eli Lilly (LLY), Merck (MRK) and AstraZeneca (AZN) beat a falling market as hot inflation hit tech stocks
CoreWeave (CRWV) closed at $65.78 as Oracle slid 9%, with investors wary of AI companies' growing debt.
Gold (XAU/USD) logs a third straight loss and silver slides over 5% after hot US inflation data

Brent crude (BZ=F) edged up as Ukraine said Russia hit six energy sites and Italy faulted US diesel relief.
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