Asian shares were mixed on Wednesday, with Japanese and South Korean tech stocks rising after a Wall Street rally. Kospi was up 3.4% at midday at 5,733.82, while AI firm Elice rebounded to its 29.9% daily limit after a 32% drop on its debut Tuesday. Tokyo's Nikkei 225 rose 1.3% to 64,915.59 after Japan's September exports rose 16.7% and imports 18.9%, largely due to higher oil prices, nearly doubling its trade deficit. Hong Kong's Hang Seng fell 0.1% and the Shanghai Composite 0.3%, while Taiwan's Taiex rose 1.5% and the S&P/ASX 200 slipped 0.1%. In the U.S., the S&P 500 added 0.3% Tuesday on strong profits from Equifax, Hasbro and 3M, while General Motors sank 6.8% despite a bigger profit, and Brent rose 1.5% to $110.37 a barrel.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on clickorlando.com ↗
Keywords
AsiaSouth KoreaJapanWall Streetoil prices
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.01 |
| Change that session | +0.33% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.52 |
| Change that session | -0.12% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Asian shares are mixed , with Kospi up 3 % after US stocks rally on strong earnings – Winnipeg Free Press
Asian markets were mixed on Wednesday, with South Korea's Kospi up 3.4% at midday to 5,733.82 and Japan's Nikkei 225 up 1.3% to 64,915.59, while Hong Kong's Hang Seng and the Shanghai Composite slipped. The moves followed a broad Wall Street rally on strong earnings, with Equifax up 11.3%, Hasbro up 11.2% and 3M up 5.8%, while General Motors fell 6.8% despite a bigger profit. Salesforce agreed to buy Braze for $47.50 in cash per share, sending its shares up 51.7%. Brent crude rose to $110.37 a barrel, near its highest level since the Iran war began, and Japan's exports rose 16.7% in September while imports jumped 18.9% on higher oil prices.
- South Korea , Japan shares fall as Asian stocks decline in break from US chip rally
The MSCI Asia Pacific Index fell 0.6%, with eight of its 11 subgroups down, breaking from a chip-led Wall Street rally. South Korea's Kospi dropped more than 2% and SK Hynix hit its lowest close since April, while data centre firm Elice plunged as much as 32% in its Seoul debut. Japan's Nikkei 225 futures fell 0.8% and Topix dropped 0.9%, while the Philadelphia Semiconductor Index had gained 1.6% on Monday, snapping an eight-day losing streak. The 10-year US Treasury yield was at 5.14% after rising seven basis points on Monday. China's central bank said its overnight reverse repo rate will replace the seven-day rate as the policy benchmark, while gold slipped 0.2% to about US$4,130 an ounce.
- Asian shares are mixed , with Kospi up 3 % after US stocks rally on strong earnings
Asian shares were mixed, with South Korea's Kospi up 3.4% to 5,733.82 midday and Japan's Nikkei 225 up 1.3% to 64,915.59, after Wall Street rallied on strong earnings from Equifax, Hasbro and 3M. Japan's September exports rose 16.7% from a year earlier, but imports jumped 18.9% on higher oil prices, nearly doubling its trade deficit. Hong Kong's Hang Seng fell 0.1% and Shanghai's Composite fell 0.3%, while Taiwan's Taiex rose 1.5%. Braze soared 51.7% to $45.57 after Salesforce agreed to buy it for $47.50 in cash per share, while General Motors sank 6.8% despite a bigger profit. Brent crude rose 1.5% to $110.37 per barrel.
- AJA Newsbites – October 21, 2026
Ceragem, a South Korean home healthcare company, says founder Lee Hwan-sung, 65, adopted CEO Lee Kyung-soo, 48, as his son to transfer ownership; the adoption was completed last year, Lee received a 10% stake in the first half of 2026, and the company denies tax motives. Japan will provide Malaysia a counter-unmanned aerial system worth about RM40 million (US$9.3 million) under its 2026 Official Security Assistance programme, Defence Minister Mohamed Khaled Nordin said. Philippine Armed Forces Chief of Staff General Antonio G. Natarrete, meeting Cambodian Prime Minister Hun Manet in Phnom Penh, proposed expanding defense ties into naval and air force cooperation. Kazakhstan's CPC Blend hit $130.99 per barrel on October 20, while Brent futures rose to $110.10; if high prices persist through 2026, Kazakhstan could collect up to $5.8 billion in extra public revenue.
- Asian shares tumble , oil rises as markets await AI sector results
Asian shares fell, with South Korea's KOSPI down 3.61% and Japan's Nikkei 225 down 1.28%, as investors awaited earnings from tech firms including Meta, Tesla and SpaceX. Brent crude rose 0.21% to US$109.78 a barrel after an executive order from President Trump waived some Russia-related sanctions and tariffs, though Trump said he had yet to make a final decision. The dollar held firm as riots in France lifted demand for safe-haven assets, while spot gold fell 0.51% to US$4,118.71 an ounce and the euro rose 0.06% to US$1.12. South Korean AI infrastructure firm Elice Group opened 16% below its IPO price on its market debut after raising 201.1 billion won, and bitcoin fell 0.67% to US$81,386.40.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Most Asian shares fell in cautious trading on Tuesday, even after AI-related stocks rebounded on Wall Street, while other sectors remained shaky and oil prices stayed high. Japan's Nikkei 225 dropped 0.6% in early trading to 64,512.35, South Korea's Kospi fell 2.8% to 5,605.31, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 gained 0.4% to 7,690.73 and the Nasdaq composite rose 1.1%, but most stocks outside AI and tech declined, and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, while U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty over when the energy industry can return to normal amid the war with Iran keeps oil prices elevated.
Related markets
Latest news
- SpaceX Just Reported a 161% Jump in Quarterly Revenue. Wall Street Analysts Were Off by $1.6 Billion as Stock Soars 9%
SpaceX reported third-quarter revenue of $14.6 billion, up 161% year-over-year and above the $13.02 billion consensus. Its Super Intelligence business, which leases AI computing power and sells Grok products and Cursor, generated $7.6 billion, up 830%, while Connectivity revenue rose 69% to $5.2 billion with 13.6 million consumer subscribers. The company posted $2.8 billion in operating income and $4.4 billion in net income versus a $1.1 billion net loss a year earlier, though capital spending reached $19.6 billion and is expected to be $35 billion to $40 billion in the fourth quarter, and some margin benefit came from one-time tariff refunds. Elon Musk said a combination with Tesla 'would be a good idea', but the special committees have not agreed on any terms, and SpaceX guided first-quarter 2027 revenue to $33 billion to $37 billion. Shares rose 9.4% to $161.64 in early trading.
- New energy shock hits Germany
Producer prices for refined petroleum products in Germany rose 51.3% year on year in September, according to Destatis, with heating oil up 91.8% and motor fuel up 48.6%. Overall producer prices climbed 6.7%, the steepest rise since March 2023, while Germany's crude oil import costs rose 21.7% to €30 billion in the first eight months of 2026. Destatis attributed the increase to higher crude prices amid the Middle East conflict; the report also cites disruption in the Strait of Hormuz and Brent topping $111 a barrel on October 20. Germany has faced higher costs since halting Russian gas imports, and Berlin reportedly spent about €50 billion to cushion the impact. Meanwhile, corporate insolvencies in the first half of 2026 reached their highest level in 13 years.
- AI's billion-dollar question: When will the spending pay off?
Speakers in this discussion argue AI infrastructure spending faces a timing gap, since months can pass between when computing hardware ships and when it starts earning revenue, leaving a large amount of capital tied up. As an example, a buyer of $10 million in Nvidia chips may need six months to get them running while that money sits on its balance sheet. They also point to a wider gap between total AI spending and the revenue it generates, and note that some reports suggest the size of returns may depend on technological innovation. Easing supply chain bottlenecks, they say, would help companies bring computing capacity online faster.
- Here's how Meta's earnings could end up being a recipe for disaster
Meta's earnings report tonight is closely watched because it sits at the intersection of the AI spending story and the advertising business that funds it. Investors want to know whether AI is helping advertisers reach customers and generate enough extra revenue to justify the infrastructure investment, and how much more Zuckerberg plans to spend. Meta shares lost $12 yesterday and were rising back to around 490 this morning. The speaker argues that if Zuckerberg shows profits can grow alongside spending, confidence in the AI trade will be restored, but a bigger spending plan without convincing earnings growth would be a recipe for disaster.
- Prediction: Nvidia’s Road to $1 Trillion in Annual Revenue Could Transform Its Stock
Nvidia reported $96.22B in quarterly revenue, up 105.8% year over year, and guided to $108B for the current quarter, yet the stock is up only 15.08% year to date. The article says reaching $350 in 2027 would require a 63.5% gain from the $214.13 price, and its model's central estimate is $258.42. Key risks include investor worries about AI funding, $279B in supply commitments, and guidance that excludes China data center compute revenue. The author says this scenario depends on Vera Rubin ramping as the fastest launch in Nvidia's history, supply easing and markets not pricing in a funding scare, calling $350 'a stretch, but a credible one.'
- Ex-Google CEO got the job after a Burning Man trip with Larry Page. Now an ex’s intro could make him $20B on Anthropic
Eric Schmidt was vetted by Sergey Brin and Larry Page and hired as Google's CEO after an unconventional interview process, with Brin citing Schmidt as the only CEO finalist who had gone to Burning Man. In 2011, Schmidt began dating Camilla Clark for three years; she later married Anthropic CEO Dario Amodei. In 2018, that connection led Schmidt to meet with her and her then-partner to discuss Anthropic, and he invested early and now owns about 1% of the company. According to the Financial Times, Anthropic could be valued at as much as $2 trillion in an IPO, which could make Schmidt's stake worth $20 billion, more than half his current net worth per Forbes, compared with the roughly $461 million valuation when he invested.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.