From October 20 to 22, by the banks of Shanghai's Huangpu River, the 2026 Sustainable Global Leaders Conference will return once again. Nobel laureates and Turing Award winners will take the stage to discuss the future and trends of technology, and the internet-famous professor who "rescues" people from anxiety and the era of involution—Macfarlane—will hold a live dialogue with Xiang Biao!
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Asian Markets Open Higher
On October 16, Japanese and South Korean stock markets collectively opened higher, with South Korea's KOSPI index opening up 1.8%, currently at 5,652.65 points. SK Hynix and Samsung Electronics both rose more than 2%.
On October 15, the South Korean stock market suffered a severe sell-off, with both major indices triggering circuit breakers on the same day. That afternoon, South Korean financial regulators held an emergency meeting on the stock market and issued an official statement, requiring proactive measures to be taken to safeguard market stability and protect investors; urging financial institutions to avoid excessive credit extension and to do a good job in investor protection and risk management; and stating that market-disrupting behavior would be dealt with severely, with emergency plans ready to be activated if necessary.
Regulatory officials and market experts attending the meeting believed that, due to multiple factors including expectations of rising global interest rates, uncertainty over artificial intelligence semiconductor investment and profit prospects, and rising oil prices, the recent decline and pace of capital outflows in the South Korean stock market may have already shown an overreaction.
Japanese Stocks Rise
The Japanese stock market opened higher, with the Nikkei 225 index extending its gain to 1%. On the news front, the three major U.S. stock indices all rose overnight, memory chip and semiconductor sectors opened lower before climbing higher, CoreWeave closed up nearly 6%, ending its previous three-consecutive-day decline, while Microsoft and Micron Technology rose more than 1%.
In addition, Bank of Japan Policy Board member Junko Koeda said in a speech at a financial and economic roundtable held in Kumamoto City on October 15, and subsequently at a press conference, that given the considerable upside risks facing Japanese prices and the fact that the current financial environment remains accommodative, the Bank of Japan should not raise its policy rate with excessive caution. Her remarks further strengthened market expectations that the Bank of Japan will continue to tighten monetary policy in the near term, and also highlighted policymakers' attention to the persistence of inflation and the process of interest rate normalization.
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