Nasdaq Rebound Fades as Seoul Chip Stocks Fall Today

Monday's Nasdaq rebound faded overnight as Seoul chip stocks fell. As flagged in Monday's evening review, the Nasdaq Composite closed 26,430.89, up 1.1 percent, after last week's chip selloff. South Korea's Kospi last printed about 5,529, down about 4.2 percent and still open, labeled intraday. Overnight S&P 500 futures last printed about 7,732 against Monday's 7,690.73 cash close. UK jobs are due at 09:00 Cyprus (06:00 UTC). US cash opens at 16:30 Cyprus (13:30 UTC).

The Setup: Monday's Nasdaq Rebound Meets a Soft Asia Tape

The S&P 500's last cash print is Monday's 7,690.73, up 0.41 percent from Friday's 7,659.44 (Maeil Business, Yonhap). Monday range 7,684.79 to 7,731.18. Friday's 7,756.84 high was not taken. October 6's 7,818.93 record close remains unrepaired. The Nasdaq Composite closed 26,430.89, up 1.11 percent. The Dow closed 51,966.03, down 0.07 percent. Overnight S&P 500 futures last printed about 7,732, labeled overnight futures, range about 7,724 to 7,753 (TradingView). Nasdaq-100 futures last printed about 29,614, down about 0.4 percent. Japan's Nikkei 225 last printed about 63,905, down about 1.6 percent. Hong Kong's Hang Seng last printed about 23,891, down 1.2 percent, as the city reopened after Monday's Chung Yeung holiday. S&P bullish trigger: a hold of overnight futures 7,732 through Friday's 7,756.84 high. Bearish trigger: a fade through Monday's 7,690.73, then Friday's 7,659.44 and 7,631.77.

Story of the Day: Seoul Chip Stocks Reverse Monday's Bounce

South Korea's Kospi last printed about 5,529, down about 4.2 percent (TradingView), labeled intraday. Seoul remains open until 09:30 Cyprus (06:30 UTC). The index opened 5,733.57, tagged 5,493.24, and sat well below Monday's 5,768.01 close. Yonhap had the Kospi at 5,631.95 at 11:20 a.m. Seoul, with Samsung Electronics down 1.03 percent and SK hynix down 2.74 percent. The later print is weaker. Thursday's 5,450.81 crash low remains the floor after last week's circuit breakers. The Economic Times said Elice plunged as much as 32 percent on its Seoul debut. Catch up: weekly markets roundup. Chip bullish trigger: a reclaim of Monday's 5,768.01. Bearish trigger: a slip through today's 5,493.24 low, then Thursday's 5,450.81.

China Holds Loan Rates for a 17th Month

The People's Bank of China left the one-year loan prime rate at 3.00 percent and the five-year rate at 3.50 percent at 04:15 Cyprus (01:15 UTC), a 17th consecutive month on hold (Xinhua, Reuters, CME Econoday). The print matched consensus after Monday's 4.5 percent third-quarter GDP beat. Governor Pan Gongsheng said Beijing is weighing overnight funding as a broader pricing benchmark, with the loan prime rate still the reference for smaller borrowers (Morningstar / Dow Jones). That is a framework story, not a fresh easing pulse. Docket: week ahead.

Oil Holds Near $99 as the November Contract Expires

West Texas Intermediate last printed about 98.89 dollars (TradingView), with OilPriceAPI at 98.78 dollars at 05:21 UTC, against Monday evening's about 99.26. CNBC, at 00:10 UTC, put the expiring November contract near 103.32 dollars and December near 98.08, so the gap versus Friday's November settle of 101.41 is largely a roll. Brent last printed about 109.95 dollars. Markets are still weighing President Trump's Russia-sanctions waiver against Hormuz shipping risk (CNBC). Spot gold last printed about 4,131 dollars (TradingView; Kitco 4,129.20 / 4,131.20 at 01:37 UTC), a fade of about 0.3 percent from Monday evening's about 4,145, under the 2 percent bar. Key support remains 4,100. Oil bullish trigger: a hold of about 98.89 through about 99.26. Bearish trigger: a slip through about 98. Gold bullish trigger: a reclaim of about 4,145. Bearish trigger: a slip through 4,100.

Bitcoin Last Printed $81,760 After Monday's $81,694

Bitcoin last printed about 81,760 dollars (TradingView 81,759.82). Coinbase sat at 81,776 and CoinGecko at 81,787 at 05:39 UTC, all under 1 percent apart. Session range 81,102 to 82,150. Monday evening last printed about 81,694. The 21 EMA near 82,700 remains the key reference overhead. Range low 80,400 is next. Thursday's about 79,800 remains the floor. Ether last printed about 2,399 dollars. LayerZero's about 46 million dollar unlock was due at 08:33 Cyprus (05:33 UTC). Live levels: homepage. BTC bullish trigger: a reclaim of 82,700. Bearish trigger: a slip through 80,400, then 79,800.

What's Next: UK Jobs at 09:00 Cyprus, Then Netflix After the Close

UK unemployment and earnings print at 09:00 Cyprus (06:00 UTC), seen at 5.0 percent and +3.8 percent. Germany and eurozone ZEW follow at 12:00 Cyprus (09:00 UTC). GE, GM, 3M and RTX report before the open at 13:30 Cyprus (10:30 UTC). Housing starts land at 15:30 Cyprus (12:30 UTC), seen at 1.30 million. US cash opens at 16:30 Cyprus (13:30 UTC). Netflix reports after the close at 23:00 Cyprus (20:00 UTC), consensus EPS about 0.82 dollars. Wednesday is UK CPI at 09:00 Cyprus, then Tesla and Meta after the close. The Fed remains in blackout through October 29 ahead of the October 27-28 FOMC. Docket: the calendar. Scenarios to watch, not a recommendation.

For live prices see the ThriveInMarkets homepage. None of the above is a recommendation to buy or sell any asset. US cash closes are Monday, October 19, 2026. Overnight futures, gold, oil, Bitcoin, Ether, Kospi, Nikkei and Hang Seng are Tuesday, October 20, 2026.