China Producer Price Index (YoY) came in at 5%, above expectations (4.5%) in September

TradingKey - Expectations of Federal Reserve rate hikes, rising financing costs for AI projects, and intensifying competition in memory chips simultaneously hit global tech stocks this week. As of Thursday, the world's 20 largest AI and semiconductor companies by market capitalization had collectively wiped out over $1 trillion in market value, with the chip sector becoming the hardest-hit area in this round of adjustment.

TradingKey - On October 15, Eastern Time, U.S. September PPI data posted its largest monthly and annual gains since 2022, prompting investors to shift from AI tech stocks to defensive sectors, which drove U.S. stock markets higher.

TradingKey - On October 16, Japanese and South Korean stock markets rebounded in early trading, with both opening slightly higher. South Korea's KOSPI Index opened 1.8% higher at 5,653.99 points and was later up 1.77% at 5,652.51 points; Japan's Nikkei 225 Index opened 0.78% higher at 64,925.29 points, with gains subsequently expanding to 0.94% at 65,029.45 points.

TSMC posted strong Q3 revenue and profit, but struggling against major macroeconomic headwinds, its share price risks testing the $400 mark.

TradingKey - On October 15, TSMC (TSM) released its third-quarter financial results for 2026. Driven by sustained growth in demand for AI chips and advanced nodes, the company's revenue and net profit both reached record highs, with net profit surging nearly 69% year-over-year and beating market expectations.