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Renting Nvidia H100 chips now costs 60% more than a year ago as the AI compute crunch tightens, forcing startups and big tech alike into urgent capacity deals.
KOSPI tumbled nearly 5% to 6,100 as CXMT's memory-chip advance weighed on Samsung and SK Hynix. The index is 10.1% lower over five days.
BlackRock moved US stocks from overweight to neutral and raised Treasuries, arguing markets overpriced further Fed tightening. It also cut its underweight onβ¦
RBA board voted for 25 bps rate rise to 4.60% in September, citing materialised inflation risks and higher neutral rate. Further increases remain on the table.
Reuters sees the PBOC's daily USD/CNY fixing at 6.6981, with the midpoint's policy message shifting.
Japan's September wholesale inflation slowed to 6.8% from 7.6%, but import costs surged 24.5%, keeping BOJ rate-hike expectations alive.
Goldman Sachs says the yuan is 20-25% undervalued, with markets underestimating gains; it sees 6.40 per dollar within a year.
BofA sees gold averaging $4,000 in Q4 but not holding above it for three months, citing Iran war-driven oil inflation, soft physical demand, and a hawkish Fed.
Georgieva warned AI is a slow-moving jobs tsunami. Graduates feel the first hit as the IMF expects 40% of global roles to be affected.
Broadcom's Hock Tan likened AI investing to gambling and doubted OpenAI's profitability, despite projecting $230 billion in AI chip revenue by 2028.