Asian equities rose as bargain hunters entered the market amid a selloff in chip stocks triggered by renewed concerns over AI trading. U.S. Treasury gains narrowed this week.
Pressure on chip stocks eased after NVIDIA CEO Jensen Huang defended the financial health of AI computing provider CoreWeave. “CoreWeave’s strength is growing every day—I’m optimistic. Their cost of capital is actually declining,” Huang said.
With the chip sell-off easing, shares of Samsung Electronics and SK Hynix both rose more than 2%. This helped the Korea Composite Stock Price Index (KOSPI) rebound 2.9%, recovering from Thursday’s sharp drop—the index had hit its lowest closing level since April.
Driven by risk aversion following volatile moves in global equity and credit markets this week, U.S. Treasuries rose on Thursday, pushing yields lower across all maturities. The benchmark 10-year Treasury yield climbed 1 basis point to 5.07%, as traders await remarks from Federal Reserve Chair Kevin Warsh.
A shift toward dovish policy from the Fed could pose significant risks for U.S. Treasuries. If signs emerge that the Fed may weaken its willingness to raise rates further this year, long-term Treasury yields could rise again due to “lagged trading.”
Yesterday’s U.S. September PPI data came in fully above expectations: core PPI annualized at 5%, non-core at 6.3%; monthly rates also accelerated, with core up 0.7% and non-core at 1.3%.
Plugin Case Examples
Gold: Yesterday our plugin signaled that once price broke above 4165, we should place a buy limit order in the blue zone—so far, the result has been excellent. The current expanding consolidation pattern remains unchanged. Today, we focus on potential buy limit opportunities in the green zone, watching whether prices can push toward 4180/4200. We also monitor the reversal signals around the pivot area at 4120/4130 below the expansion structure.
(Gold 15-minute chart)
Nasdaq: Our plugin advised placing a buy limit in the blue zone after breaking above 29,950 yesterday—performance so far has been solid. Today, we continue monitoring signals for corrective rebounds; once price breaks above 30,090, we’ll place another buy limit in the blue zone.
(Nasdaq 15-minute chart)
Crude Oil: After an expansion phase, prices have continued to reach new highs above 97. A short-term pullback may occur, but we only participate in the first wave, focusing on risk-reward ratios and exiting early to lock in profits.
(Crude Oil 15-minute chart)
Key Economic Data and Events Today:
21:15 U.S. Industrial Production Month-on-Month for September
