Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

Korea Exchange has activated the program trading suspension mechanism for KOSDAQ.

According to Bitget market data, as the global chip stock sell-off persists, investors are growing increasingly cautious about the sustainability of the AI investment boom and the profit prospects of related enterprises, dragging down the opening of Japanese and South Korean stock markets. The Nikkei 225 index fell more than 3% intraday, with Kioxia plunging over 8%. South Korea’s KOSPI index has declined for seven consecutive trading days, with an intraday drop once hitting 6% and touching its lowest level since July 31. Semiconductor heavyweight stocks are the main drag: Samsung Electronics’ share price fell more than 7%, and SK Hynix dropped over 8%. Subsequently, the Korea Exchange activated a circuit breaker mechanism for the KOSPI index, suspending programmatic sell orders.

September inflation data has dashed market expectations that the Federal Reserve could hold off on further rate hikes. Over the past several weeks, multiple Fed policymakers had signaled the central bank did not need to rush another rate increase, but the latest data has made the October policy meeting a key potential action point again. Fed Chair Kevin Warsh previously pledged not to guide markets via short-term monetary policy outlooks. However, following the unexpected inflation uptick, markets are closely watching his speech in Bangkok on Thursday evening (New York time, 11:30 am Beijing time on the 16th). At the event, he will join International Monetary Fund (IMF) Managing Director Kristalina Georgieva for a fireside chat. The Federal Reserve will enter its media blackout period on Saturday in preparation for its October 27-28 policy meeting. Ahead of that, if the Fed wants to convey signals about its interest rate decisions to markets, Warsh’s speech will serve as a key window.

Korea Exchange has activated the sidecar mechanism for South Korea’s KOSPI index, suspending program selling.

According to Bitget's market data, the Nikkei 225 index plunged 3.00% intraday, currently trading at 65711.85 points. Kioxia fell more than 8%.

The U.S. Dollar Index (DXY) edged lower in early Asian trading, fully erasing all gains it had made since yesterday’s release of U.S. September CPI data (which saw a peak cumulative rise of around 70 points). It is now trading at 102.16. The British pound against the U.S. dollar (GBP/USD) and euro against the U.S. dollar (EUR/USD) rose approximately 0.3%, currently quoted at 1.3231 and 1.1197 respectively.