While easing U.S. inflation metrics reduced pressure for rate hikes, Treasury yields surged due to stronger-than-expected economic growth and labor market data. This fueled concerns over higher-for-longer interest rates, dampening investor sentiment and leaving stock markets mixed.
Despite the U.S. August PCE price index coming in below expectations, upward revisions to Q2 GDP and strong private payrolls pushed the 10-year Treasury yield above 5.3%, spreading concerns over prolonged high interest rates.
Micron reported record-high Q4 fiscal results driven by robust AI memory demand and issued next-quarter guidance exceeding market expectations.
International crude oil prices (WTI, Brent) rose as geopolitical uncertainty persisted due to a deadlock in negotiations between the U.S. and Iran.
U.S. President Trump announced major energy infrastructure projects, including Texas power plants, eight large-scale nuclear reactors, and Alaska LNG development, as part of South Korea's U.S. investment package.
Smart ring manufacturer Oura abruptly postponed its Nasdaq listing, citing market uncertainty.
Strong earnings from Micron have raised expectations for the AI semiconductor industry, but a surge in US Treasury yields is adding liquidity strain and capping equity market upside. Meanwhile, as the USD/KRW exchange rate stabilizes, foreign supply and demand conditions are improving, driving selective buying focused on semiconductor equipment stocks.
Micron's record Q4 earnings announcement and outlook for sustained AI infrastructure demand heighten earnings expectations for domestic semiconductor stocks
Despite the slowdown in the US August PCE price index, the 10-year US Treasury yield rises to 5.29%, limiting upside potential in equity markets
The average USD/KRW exchange rate in September reaches a two-year low of 1,358.8 won, building expectations for foreign capital flows through exchange rate stability in Q4
ISDS tribunal recalculates damages owed by the South Korean government to Elliott over the 2015 Samsung C&T merger to $113 million
US Court of International Trade (CIT) reviews the lack of legal basis regarding the justification of the Trump administration's Section 301 forced labor tariffs
