Mexico Banxico Interest Rate Decision in line with forecasts (6.5%)

TradingKey - In the Asian session on November 6, the three major U.S. stock indices tumbled across the board overnight, with selling intensifying across the AI data center supply chain and largely erasing the previous session's rebound. As market concerns mounted over AI infrastructure financing cos

The KOSPI plunged 8.55%, triggering a Level 1 circuit breaker and crashing below 5,000 points, as SK Hynix tumbled 12% and Samsung plummeted 10%.

On Thursday, November 5, Eastern Time, U.S. stocks tumbled sharply, giving back gains from the previous session's post-election rally. Mounting market concerns over a slowdown in data center construction prompted investors to accelerate their offloading of tech shares, with chipmakers and AI infrastructure-related stocks bearing the brunt of the sell-off. At the close, the Dow Jones Industrial Average dropped 3.44% to 51,523.06; the Nasdaq Composite Index tumbled 5.52% to 24,315.00; and the S&P 500 Index fell 4.36% to 7,353.73, marking its largest single-day decline since April 2025.

On November 5, Eastern Time, the three major U.S. stock indices tumbled, with semiconductor and AI infrastructure stocks continuing to face pressure. The Philadelphia Semiconductor Index fell over 9%, hitting its lowest level since mid-April this year. AI infrastructure faces the potential threat of a slowdown in data center construction. A decisive Democratic victory in the midterm elections sparked investor concerns over tightening regulation in the data center sector. If potential construction pauses materialize, they could delay the deployment of computing capacity and the delivery of upstream equipment, prompting a reassessment of the timeline for future revenue realization.

TradingKey - On Friday, Eastern Time (November 6), the United States will release the October non-farm payrolls report. Current market consensus expects US non-farm payrolls to increase by approximately 65,000 in October, up from 29,000 in September. The unemployment rate is projected to hold steady at 4.2%, while month-over-month average hourly earnings growth may rebound from 0.1% to 0.3%. With the Federal Reserve having just paused interest rate hikes at its October meeting and the market still betting on another rate hike in December, whether this jobs report confirms that the US labor market remains resilient will serve as a key variable influencing interest rate expectations and the near-term trajectories of US equities, the US dollar, and gold (XAUUSD).