As U.S. employment indicators came in weaker than expected, concerns over further central bank rate hikes eased significantly. Relieved from interest rate pressure, risk sentiment in the market revived, sending equities higher led by major tech stocks.
U.S. September non-farm payroll growth fell significantly below market expectations, easing concerns over further Fed rate hikes.
Expectations of a rate pause strengthened the Nasdaq Index, with major tech stocks such as Nvidia touching all-time intraday highs.
Shares of Synaptics and ON Semiconductor jumped sharply following news of ON Semiconductor's revised all-cash acquisition proposal for Synaptics.
International oil prices fell following the G7 and partner nations' decision to release strategic petroleum reserves, helping to alleviate inflation concerns.
Tesla's third-quarter vehicle deliveries exceeded market estimates, triggering a surge in its share price and leading the rise in the consumer discretionary sector.
While concerns over prolonged high interest rates driven by rising U.S. Treasury yields are dampening investor sentiment, the semiconductor sector's robust earnings fundamentals—demonstrated by Micron's strong earnings—are providing firm downside support for the market. Consequently, market focus is shifting from the trajectory of interest rates to earnings certainty capable of enduring a high-rate environment, leading to sector performance divergence.
Micron reports Q4 FY2026 earnings surprise and expands long-term supply agreements through 2031
10-year U.S. Treasury yield reaches 5.28%, with concerns over prolonged high interest rates driven by rising U.S. fiscal deficits and corporate bond issuances
South Korea's September trade surplus reaches an all-time high of $49.9 billion driven by robust semiconductor exports, with long-term won strength projected
Expansion of global sovereign AI deployment and data center investment to address concerns over U.S.-China AI monopoly and weaponization
South Korean cosmetics exports to China surge 76% YoY during September 1–20, accelerating global K-beauty brands' re-entry into China
