TradingKey

TradingKey - On October 7 ET, The Wall Street Journal reported, citing people familiar with the matter, that Broadcom (AVGO) is arranging over $50 billion in financing for a custom AI chip project in partnership with OpenAI, while Oracle (ORCL) is also in talks for large-scale chip procurement financing.

TradingKey - On October 8, TSMC (TSM) released its latest revenue data. Driven by continued growth in demand for AI-related chips, the company's revenue for the third quarter of 2026 reached an all-time high, exceeding prior market expectations.

Coinbase provides stablecoin services to Samsung, enabling over 82 million Galaxy users in the U.S. to send the stablecoin USDC.

TradingKey - During Asian trading hours on October 8, the Nikkei 225 Index closed down 1.42% at 69,042.11, while South Korea's KOSPI Index fell 2.62% to 6,625.93. On the same day, Samsung Electronics announced its preliminary third-quarter results, and Japanese and South Korean memory chip stocks diverged.

TradingKey - As of the Asian session on October 8, gold prices (XAUUSD) maintained a weak rebound today, with the latest price trading near $4,120. Yesterday, gold prices briefly broke below $4,100 intraday, touching a low of $4,066.35. Price action indicates that bearish market sentiment clearly holds the upper hand, and gold prices may continue to decline in the short term.

The U.S. government transferred over 10,000 BTC, and Bitcoin extended its decline to fall below the $83,000 mark, though the likelihood of a further sharp drop remains low.

TradingKey - On October 8, Samsung Electronics released its preliminary earnings guidance for the third quarter of 2026, reporting estimated consolidated revenue of approximately 195 trillion Korean won, up 126.6% year-on-year, and operating profit of around 107.4 trillion Korean won, representing a year-on-year increase of 782.5% and a quarter-on-quarter growth of about 20%. Both revenue and operating profit reached record quarterly highs, with operating profit exceeding LSEG SmartEstimate's forecast of 106.1 trillion won by roughly 1.2%.

• Bitcoin faced downside pressure from macroeconomic headwinds and institutional caution. • Spot Bitcoin ETF net redemptions triggered tactical profit-taking and leveraged long unwinds. • Market structure reflects orderly consolidation within an established multi-month range.

• XRP fell due to broader risk-off sentiment and rising Treasury yields. • Technical resistance, liquidations, and increased exchange supply drove profit-taking. • Institutional fundamentals, network upgrades, and Asian payment partnerships remain stable.

• Solana declined amid macro tightening, elevated yields, and widespread derivatives liquidations. • Enterprise milestones and stablecoin payment integrations support Solana's fundamental network growth. • Technical indicators show neutral MACD and RSI values with oversold Williams %R.

TradingKey - On October 8, Asia-Pacific time, Samsung Electronics announced its preliminary results for the third quarter of 2026: consolidated revenue stood at approximately 195 trillion Korean won (about $145.7 billion), up 13.7% quarter-on-quarter and 126.6% year-on-year; operating profit reached approximately 107.4 trillion Korean won, up 20% quarter-on-quarter and 782.5% year-on-year. Both revenue and operating profit hit record quarterly highs.

• Macroeconomic tailwinds and a softer US dollar catalyzed platinum spot price gains. • Persistent supply constraints in South Africa supported fundamental physical market balances. • Resilient industrial demand and clean technology applications provided structural growth tailwinds.

LEIFRAS (Nasdaq: LFS) reported FY2026 first-half revenue of JPY5,978.8 million, up 8.9%, while diluted EPS rose to JPY2.95 from JPY2.16. GAAP operating income increased 35.9% to JPY92.3 million, supported by a higher gross margin, and social business revenue grew 18.0%. However, operating cash flow declined 19.2% to JPY252.7 million as working-capital outflows offset higher earnings. Full-year guidance calls for revenue of $82.9 million to $95.7 million and operating income of $4.5 million to $5.4 million, including contributions from three businesses.

• Natural gas futures advanced amid tightening supply and smaller weekly storage builds. • Cooler weather forecasts and robust LNG exports supported the price rally. • Technical indicators show a MACD buy signal and Williams %R overbought condition.

• Spot palladium advanced due to easing macroeconomic headwinds and institutional short-covering. • Operational constraints in primary producing regions provided fundamental support to market prices. • Technical indicators show a MACD sell signal and an oversold Williams %R.

TradingKey - On October 7, U.S. Eastern Time, the 10-year Treasury yield climbed to an intraday high of 5.36%, its highest level since 2002, while all three major U.S. stock indexes closed lower.

TradingKey - During the Asian trading session on October 8, Japanese and South Korean stock markets opened mixed. The Nikkei 225 Index opened down 0.28% at 69,840.6 points, while the Korea Composite Stock Price Index (KOSPI) rose 0.07% to 6,808.68 points. Overnight, U.S. stocks pulled back while U.S. Treasury yields remained elevated, leading to a mixed performance for Japanese and South Korean tech stocks at the open.

Worthington Steel’s fiscal Q1 2027 sales rose 212% to $2.73 billion and adjusted EBIT increased, while GAAP results swung to a net loss as the company advanced its Klöckner control and deleveraging plans.

Saratoga Investment’s Q2 FY2027 NAV fell on portfolio write-downs, while assets reached a record $1.15 billion and credit quality remained solid.

• Natural gas futures advanced due to tighter supply and smaller storage expectations. • Cooler weather forecasts and strong LNG exports increased overall demand support. • Technical indicators show a MACD buy signal and Williams %R overbought conditions.