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.
Concerns over prolonged high interest rates mounted as US Treasury yields breached 5.3% intraday, but Micron's surprise earnings report reconfirmed the strong earnings power of AI tech stocks. This has eased the weakening of investment sentiment caused by high rate pressures and raised expectations for a rebound in the domestic stock market, led by semiconductor and large-cap blue-chip equities.
Despite a slowdown in US August PCE inflation, the 10-year US Treasury yield surpassed 5.3% intraday to hit a 24-year high, driven by strong economic growth and Treasury supply pressures.
Micron achieved record fourth-quarter earnings, with both revenue and earnings per share (EPS) significantly exceeding market expectations, fueled by a surge in demand for HBM for AI data centers.
US President Trump unveiled specific project plans regarding South Korea's strategic investment package in the US, including Texas gas-fired power plants, eight large nuclear reactors, and Alaska LNG development.
The number of domestic CMA accounts passed 40 million as short-term parked capital gathered amid market corrections and interest rate increases by brokerages.
Seoul National University and FuturePlay hosted a career fair featuring 12 deep-tech startups in AI and robotics, including FuriosaAI.
