Emerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and triggering a sell-off in AI-linked stocks. South Korea's won, Taiwan dollar, Philippine peso and Indonesian rupiah came under pressure amid capital outflows and rising borrowing costs.

On asset quality, JM Financial said, "Asset quality deteriorated, with net slippages (annualised) rising to 2.4 per cent (1.8 per cent in Q1 FY27)."

MSTR stock is in focus ahead of the MSCI's decision on whether firms that focus largely on asset holdings will be removed from the index.

South Korea's KOSPI fell 7.57 per cent to a six-month low, with Samsung Electronics and SK Hynix leading the declines. US consumer prices rose 3.7 per cent year on year in September, above expectations, hardening views that inflation is sticky and keeping the prospect of further Federal Reserve rate hikes alive. Those rate concerns weighed on technology valuations, while doubts grew over the sustainability of returns on AI investment. Foreign investors net sold about $2.68 billion of South Korean shares on the day.

Tower Semiconductor reported Q2 2026 revenue of $460.1 million and adjusted diluted EPS of $0.88, both above consensus, as the stock rose 2.22% in the completed reaction session. The analysis tests whether silicon-photonics growth and higher 2028 targets can offset capacity execution and cash-spending risk.

Atlassian reported Q4 FY2026 revenue of $1.766 billion and non-GAAP EPS of $1.87, both above FactSet consensus. TEAM rallied 35.31% in the completed reaction session as accelerating cloud growth and FY2027 guidance outweighed concern about slower annual growth and lower adjusted margins.

HD Fire Protect's initial public offering was subscribed 33.67x on its third day, with qualified institutional buyers (QIBs) bidding 17.99x, up from 1.49x at the close of day two. Big non-institutional investors (bHNIs) led demand at 108.30x, while retail investors subscribed 16.12x. The company is scheduled to allot shares on October 16, 2026 and to list them on October 21, 2026. The prospectus flagged heavy supplier concentration, with the top 10 suppliers accounting for nearly 60% of first-quarter expenses, no long-term purchase agreements and about 45% of procurement imported — including 24.98% to 30.96% from China — without price hedging.