Asia — sea of red: Kospi −4%, SK Hynix −6.5%, Taiwan and Hong Kong follow after a sold earnings night

The Morning 10

Asia — sea of red: Kospi −4%, SK Hynix −6.5%, Taiwan and Hong Kong follow after a sold earnings night

1. 1 Asia — Seoul gives back the rebound with interest: Kospi −4.1%
2. 2 Earnings night — the reaction, not the result, set the direction
3. 3 Lam Research — the equipment read fails its own test, −7.2%
4. 4 Meta — record revenue, a bigger AI budget, and this time the spend gets paid
5. 5 Tesla — the call gets graded, not the quarter: −3.3%
6. 6 IBM — a double beat, sold 4.6%: the no-middle record extends
7. 7 Futures and cross-assets — the night undid the day
8. 8 Closelooknet indices — Wednesday's bounce came without breadth
9. 9 Calendar — claims at 12:30 UTC, Japan CPI tonight, the big spenders next week
10. 10 Gene Munster — Deepwater Asset Management

The full Morning 10 →

On the tape

• Western Digital ▲ +3.89%
• Amkor Technology ▲ +4.87%
• Eaton ▲ +3.13%
• Vertiv ▲ +4.22%
• Lumentum ▲ +3.43%
• 🇹🇼 Taiwan Export Orders 62.4 ▼
• Asia close: Nikkei -2.02%, KOSPI -3.52% — KOSPI -3.5% drags Asia