Bloomberg Daybreak: Asia Edition

Business and finance news from the Asia-Pacific.
A selloff in equities spread to Asia after chip stocks tumbled on Wall Street, as hotter-than-expected US inflation fueled bets on more aggressive Federal Reserve rate hikes. Treasuries rallied.
MSCI Inc.'s Asia Pacific equities gauge dropped 1.5%, heading for a fourth straight decline, led by losses in South Korea, a bellwether for artificial intelligence investment. The Kospi Index slumped as much as 6.5% to its lowest since late July, with chip heavyweights Samsung Electronics Co. and SK Hynix Inc. tumbling at least 7%. Tech sentiment remained weak, with Nasdaq 100 Index futures falling as much as 1%. Earlier, the Russell 2000 entered a correction and a closely watched gauge of US semiconductor stocks had its longest losing streak since May 2025. CoreWeave Inc. shares plunged as much as 17%. Its debt due in 2032, which investors bought at par four months ago, traded at less than 78 cents on the dollar. Bloomberg's Paul Allen and Haidi Stroud-Watts spoke to Goldman Sachs Chief APAC Regional Equity Strategist Timothy Moe.
Plus - US consumer prices advanced in September at the fastest pace in five months and a gauge of underlying price pressures rose by more than expected, keeping the squeeze on household budgets ahead of November's midterm elections. The hot inflation data lit up expectations that the Federal Reserve may raise interest rates this month, a prospect that appeared unlikely after policymakers in recent weeks signaled they had time to wait. Bloomberg's Haidi Stroud-Watts and Paul Allen spoke to Robertson Stephens Chief Economist Jeanette Garretty.
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Business and finance news from the Asia-Pacific.
Asian stocks rebounded from two days of losses on expectations the Federal Reserve may not need to raise interest rates aggressively next year. The shift in sentiment for stocks came after New York Fed President John Williams said he saw no need for further tightening in 2027, while continuing to view one more rate hike as appropriate this year. Meantime, earnings season is underway in the US, kicked off by big banks. Bloomberg TV hosts Paul Allen and Haidi Stroud-Watts spoke to Dilin Wu, Research Strategist at Pepperstone.
The Bloomberg New Economy Forum makes its debut in India, convening global public and private sector leaders in New Delhi. Bloomberg's Yvonne Man speaks to Former Australian Prime Minister/Asia Society Global President & CEO Kevin Rudd.
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Business and finance news from the Asia-Pacific.
Asian stocks declined as the artificial intelligence trade, one of the hottest corners of the market this year, came under renewed pressure ahead of a key earnings season. Elsewhere, Brent crude oil dropped 0.8% to around $105.80 a barrel. A Bloomberg gauge of the dollar's strength broadly held its gains from the previous session, when it climbed to its highest since mid-May 2025. Bloomberg TV hosts Paul Allen and Haidi Stroud-Watts spoke to KCM Trade Chief Market Analyst Tim Waterer.
And - Bangkok plays host to the IMF and World Bank Group Annual Meetings. Finance ministers, central bankers, and economic experts from around the globe converge to discuss global financial stability, debt vulnerabilities, and emerging market growth. Bloomberg's Avril Hong spoke to State Street Investment Management Global CIO Lori Heinel.
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Business and finance news from the Asia-Pacific.
Saudi Arabia's main airport came under renewed attack from Houthi rebels, a day after a strike on the facility killed 12 people and heaped pressure on the Middle East's biggest economy as it prepares to host major events that seek to boost foreign investment. An unidentified projectile hit a passenger terminal at King Khalid International Airport in Riyadh on Sunday, with authorities tackling a blaze, the Saudi-led coalition that's fighting Iranian-backed Houthi militants in Yemen, said in a statement. The Houthis swiftly claimed the attacks, saying they were a response to "Saudi aggression," including a strike on the airport in the Yemeni capital of Sanaa. The Saudi civil aviation authority said that the attack killed one person and injured 11. The coalition also said air defenses had intercepted a missile near the same location in the Saudi capital. The incident follows the strike on King Khalid airport on Saturday that also injured more than 300 people and marked the deadliest single event in Saudi Arabia since the Iran war began in late February. A projectile also fell near the King Fahd International Airport in Saudi Arabia's Dammam, which the Houthis also claimed as one of their attacks. Bloomberg's David Ingles and Stephen Engle spoke to National University of Singapore Middle East Institute Senior Research Fellow Jean-Loup Samaan.
And - Higher gasoline prices probably led to quicker overall US inflation in September even as underlying price pressures moderated, supporting views that the Federal Reserve will refrain from raising interest rates this month. The closely-watched consumer price index is seen rising 0.6% after a 0.4% increase a month earlier, based on the median projection in a Bloomberg survey of economists ahead of Wednesday's Bureau of Labor Statistics release. That would mark the largest advance in five months. Bloomberg's Haidi Stroud-Watts spoke to Westpac Head of Business and Industry Economics Sian Fenner.
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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to U.S CPI and PPI data, along with U.S bank earnings.
In the UK – a look ahead to European leaders meeting in Brussels.
In Asia – a look ahead to Japan's Sports Day.
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