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Wall Street, Asia and the ASX rebound from AI-stock selloff

Oct 16, 2026

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3 min read

Wall Street, Asia and the ASX rebound from AI-stock selloff

Chip stocks crash on Thursday, then Wall Street, Asia and the ASX all claw it back by Friday. WiseTech jumps as ASIC clears founder Richard White after a two-year investigation. Gold keeps climbing and oil holds near $105 on Hormuz tension, but bitcoin sits the rally out.

miko santos
miko santos
Kospi crashes as AI-funding fears spread, Australian jobs data cools ASX selloff

Oct 15, 2026

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3 min read

Kospi crashes as AI-funding fears spread, Australian jobs data cools ASX selloff

South Korea's benchmark triggers a trading halt as Samsung and SK Hynix slide on AI-financing jitters. Australia's jobless rate hits 4.7% as 39,300 jobs disappear, but the data is what saves the ASX. Gold slips and bitcoin drops below $81,000 as hot US inflation data ripples through markets worldwide.

miko santos
miko santos
Mixed US bank earnings drag ASX banks lower

Oct 14, 2026

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3 min read

Mixed US bank earnings drag ASX banks lower

JPMorgan posts its first earnings miss in almost three years, Goldman Sachs blows past estimates, and Australian banks fall anyway. China's trade surplus hits $938 billion for the year so far, as a new EU deal halves Chinese hybrid-car imports. Glencore starts trading on the ASX, and Korea's Kospi logs a sixth straight loss as its chip-stock rebound fades.

miko santos
miko santos
China's CXMT chip advance sparks global memory stock sell-off

Oct 13, 2026

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3 min read

China's CXMT chip advance sparks global memory stock sell-off

Korea's Kospi has its worst day in months as a Chinese chipmaker's claimed breakthrough wipes more than $100 billion off memory stocks. The RBA's minutes turn hawkish, lifting Australian banks even as business confidence slides. Saudi Arabia extends its main airport's closure as Houthi attacks keep rattling oil markets.

miko santos
miko santos
Houthi attacks on Saudi Arabia escalate as Trump claims energy ceasefire

Oct 12, 2026

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2 min read

Houthi attacks on Saudi Arabia escalate as Trump claims energy ceasefire

A third Houthi missile strike on Riyadh’s main airport this week kills at least 12 and wounds hundreds. Trump says Russia and Ukraine have agreed to stop hitting each other’s energy sites. Zelensky says it’s news to him. The ASX 200 nears a one-month high as miners and banks rally, and Wall Street futures point to a higher Columbus Day open.

miko santos
miko santos
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Market at 7

Market at 7 is a daily markets and economy newsletter from Kangaroofern Media Lab that breaks down the RBA, the Fed, the ASX, currencies and commodities in plain English — seven stories, five minutes, every evening.

© 2026 Kangaroofern Media Lab Pty Ltd.
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