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The Trading Day · Tuesday, November 3, 2026

Asia's Chip Markets — Kospi and Taiwan fall 3.6%, Bitcoin slips under 77,000, Nasdaq futures dip

Asia sold chip stocks again this morning. Korea's Kospi fell 3.59% to 5,648.79 and Taiwan's index 3.59% to 43,307.54, with SK Hynix down 5.0%, Samsung Electronics 4.1% and MediaTek 7.4%. India's Nifty 50 went the other way, up 0.99%, Hong Kong edged up 0.19% and Japan was closed for a holiday. Australia's central bank raised rates by a quarter point to 4.85%, its highest since 2008.

The Morning 10

Asia's Chip Markets — Kospi and Taiwan fall 3.6%, Bitcoin slips under 77,000, Nasdaq futures dip

  1. 1 Asia — Kospi and Taiwan −3.6% as chip stocks sell off again; India up, Japan closed
  2. 2 Asia's AI Names — SK Hynix −5.0%, Samsung −4.1%, MediaTek −7.4%, TSMC −1.5%
  3. 3 US Futures — Nasdaq-100 −0.2%, S&P 500 −0.3% at 07:09 UTC
  4. 4 Bitcoin and Gold — Bitcoin slips under 77,000; gold back to 3,921
  5. 5 Oil, Dollar and Bonds — oil −7.1% on Iran hopes; TLT holds above 81.50
  6. 6 Monday in Brief — S&P 500 −0.5%, the average stock +0.8%; tech −3.0%, consumer +2.4%
  7. 7 AI Indices — Ecosystem −5.0%, Rubin −1.5%, HALO +1.3%
  8. 8 Earnings Grades — Amazon, Twilio and Intel graded tonight; Apple and Palantir near their sold lines
  9. 9 Today — US job openings at 15:00 UTC, AMD after the close, election results overnight
  10. 10 Dan Niles · Niles Investment Management

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