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Tokyo, Japan Local 16:00 · Thu · working now Tokyo's afternoon has turned defensive again: the Nikkei fell about 1.6% as SoftBank, Tokyo Electron and Advantest gave back Wednesday's AI relief rally, even though Wall Street had cheered Meta's revenue beat overnight. Investors are repricing capex intensity—Meta's plan for non-voting Class C shares and Tesla's trimmed spending outlook sit beside Brent crude above $111 after fresh Gulf attack headlines—while Deputy Governor Himino's readiness to tighten keeps the yen bid alive. For exporters the session is less about a single earnings print than about whether semiconductor equipment guidance from the US can stabilize a tape that now trades Middle East oil and AI funding risk in the same breath.
AP News · Reuters
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Seoul, South Korea Local 16:00 · Thu · working now Seoul delivered the day's clearest macro split: the Bank of Korea unanimously held the base rate at 3% after back-to-back hikes, asking for time to judge July-August tightening and Middle East oil shocks, yet Governor Shin still pledged more tightening until inflation is on a credible path to 2%. Markets heard the pause and sold memory anyway—the KOSPI dropped about 2.6% with Samsung and SK hynix leading—as Lam Research's weaker equipment outlook collided with Meta's expensive AI build-out. A current-account surplus above $279 billion in eight months gives policymakers room, but the tape says chip beta still dominates rates rhetoric when capex anxiety returns.
Bank of Korea · Yonhap
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Shanghai, China Local 15:00 · Thu · working now Shanghai's rebound narrative snapped as the CSI 300 slid about 2% toward bear-market territory, with semiconductor and internet heavyweights sold alongside Hong Kong tech. Brent above $111 and US embassy drawdown orders across the Gulf kept macro hedges active, while Meta's beat failed to offset worries that AI capital commitments are stretching balance sheets—Tesla's capex cut and Lam Research's guidance did the damage on the hardware chain. Onshore turnover still shows liquidity, but the message from Thursday's session is that oil and geopolitics can overwhelm US earnings translation faster than policy-sensitive bulls can rebuild momentum around 3,700.
Reuters · Newsquawk
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Taipei, Taiwan Local 15:00 · Thu · working now Taipei's futures bid from Wednesday met Asia's profit-taking wave: the Taiex complex faded as regional chip names sold off despite Meta's Q4 revenue guidance up to $76 billion and a stronger TSMC ADR print. Lam Research's equipment outlook reminded investors that the AI build-out is not a one-way beta, while foreign futures shorts near elevated levels suggest global funds are not fully committed to the rebound. For the foundry supply chain, the day's lesson is that US earnings beats can lose in translation when capex governance and oil shocks dominate cross-strait liquidity.
Meta IR · Reuters
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Hong Kong, China (SAR) Local 15:00 · Thu · working now Hong Kong led Asia's risk-off turn: the Hang Seng fell about 2.7% and the tech index nearly 5% even as Meta reported Q3 revenue of $64.6 billion and guided Q4 sales to $73–76 billion. The disconnect is capex governance, not demand—Meta's new Class C share plan revived questions about how much cash AI infrastructure can absorb, while Lenovo and Hua Hong dropped roughly 7% as the hardware complex followed Lam Research lower. With Brent approaching $111 and US–Iran strike planning in the headlines, the SAR's international book is treating megacap earnings as insufficient versus positioning, oil imports and China-tech weights.
AP News · Meta IR
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Manila, Philippines Local 15:00 · Thu · working now Manila's Monetary Board delivered the hawkish surprise: a 50-basis-point hike to 5.50%, the fourth increase this year, as September inflation hit 7.2% and core inflation reached a three-year high of 4.7%. Governor Remolona framed the move against a peso that had closed at a record 63.361 per dollar and growth that slowed to 2.3% in the second quarter—classic stagflation risk for an economy importing fuel and food. Equities may breathe briefly, but term markets had already priced tightening; the policy path now hinges on whether half a point anchors expectations or merely chases the dollar without fixing supply-side food and energy shocks.
Rappler · Inquirer
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Singapore, Singapore Local 15:00 · Thu · working now Singapore joined the regional selloff as the STI slipped with Asia-Pacific tech, even as the hub's banks and industrials had looked steady before Meta's legal-charge headline and Manila's aggressive rate move. Bangko Sentral's 50-basis-point hike to 5.50% underscores EM currency stress that matters for wealth managers booking dollar liabilities, while MSCI's Indonesia consultation keeps ASEAN passive flows on watch. Meta's $9.89 billion settlement charge inside an otherwise strong quarter is a reminder that platform liability and AI capex now travel together for the city-state's listed tech proxies and REIT dollar hedges.
CNA · Straits Times
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Jakarta, Indonesia Local 14:00 · Thu · working now Jakarta's policy response to MSCI is now operational, not rhetorical: IDX will exclude high shareholding-concentration stocks—80 names, roughly 18% of composite weight—from the benchmark calculation while promising 1% affiliation disclosure, and OJK imposed record Rp2.1 trillion fines on three listed violators. MSCI's consultation to move Indonesia from emerging to standalone market status, with a decision due by June 2027, keeps foreign inclusion factors frozen and passive outflows on the table. Cabinet backing from President Prabowo's team buys time, but the market will judge enforcement speed, not press conferences, before reversing the rupiah pressure that followed the October 16 announcement.
The Star · MSCI
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Mumbai, India Local 12:30 · Thu · working now Mumbai's weekly expiry opened into the oil wall: the Sensex fell more than 480 points and the Nifty slipped below 22,650 as Brent held near $110 and the India 10-year yield touched 7.43%, the highest since 2023. Jio Platforms' oversubscribed IPO threw a lifeline to the rupee—foreign inflows nudged the currency stronger despite crude—but equity breadth stayed negative with oil importers and banks under pressure. Bears are adding shorts even on days of domestic buying, so 73,200 on the Sensex matters more than overnight megacap beats until Gulf supply fears ease.
Fortune India · Livemint
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Dubai, United Arab Emirates Local 11:00 · Thu · working now Dubai's morning is priced in hydrocarbons and geopolitics more than listings: Brent pushed above $111 as Houthi attack headlines and US embassy drawdown orders across the Gulf revived supply-risk premia, even as Emirates NBD's earnings lent support to the DFM. Investors continue to haggle over Dubai Investments' DIP Holding IPO after management pledged roughly AED 2.2 billion in dividends, while Iran's foreign minister ruled out unconditional talks. For the emirate's diversification narrative—biodiesel partnerships, Creek Harbour handovers—the shadow is whether post–US midterm strike planning keeps insurance and freight costs elevated through year-end.
Enterprise · Reuters
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Frankfurt, Germany Local 09:00 · Thu · working now Frankfurt faces a red open tied to Asia's tech selloff and France's fiscal stress: DAX futures were down about 0.66% with Euro Stoxx 50 contracts off 0.6% as Lam Research's outlook and Meta's capex governance weighed on semiconductor sentiment. SAP and Nokia headline a heavy earnings slate, but sovereign spreads are the macro story—French 10-year yields above 5% and a Moody review on October 23 keep the ECB and bund complex on alert. German exporters still benefit from a softer dollar index, yet any prolonged OAT widening transmits quickly through eurozone bank funding costs.
Newsquawk · Boursorama
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Paris, France Local 09:00 · Thu · working now Paris opens with equities and bonds telling the same story: CAC 40 futures were down nearly 1% as the 10-year OAT yield topped 5% for the first time since 2002 and the French–German spread hovered near 150 basis points. President Macron pledged to prevent a repeat of weekend unrest, but investors are focused on whether the 2027 revenue bill can advance after the solemn vote slipped to November 3—Moody's reviews the Aa3 rating on October 23 with a negative outlook. L'Oréal, Thales and Hermès earnings may distract for a session, yet fiscal credibility remains the trade for OAT-heavy banks and luxury exporters alike.
Investing.com · Journal du Net
