US stocks slide, Brent hits $110 on October 17, 2026

1. US STOCKS SINK
Wall Street drops, Nasdaq loses more than 2%. In the October 16 session reported on October 17, the Dow fell 0.34% to 52,002.41; the S&P 500 fell 1.09% to 7,659.44; the Nasdaq Composite fell 2.15% to 26,140.03. The VIX climbed above 22 for the first time in four months. For the week, the S&P 500 lost nearly 2% and the Nasdaq more than 4%, the worst weekly slide since June. Big tech was mostly lower: Meta fell over 3%, Alphabet and Tesla fell over 2%, Amazon and Microsoft fell nearly 2%, Nvidia fell over 1%; Apple rose 0.43% after calling iPhone Duo pre-order demand “nothing short of extraordinary.”

2. SEMIS AND CHINA ADRS UNDER PRESSURE
Philadelphia semiconductor index falls for eighth day. The Philadelphia Semiconductor Index lost 3.83%, extending its slide to eight straight sessions, the longest such streak since 2008. Super Micro dropped nearly 10%, Coherent and Seagate fell more than 7%, Arm nearly 7%, SanDisk, Western Digital and SK Hynix more than 6%, and Intel, Micron and AMD more than 5%. Cloud provider CoreWeave fell nearly 12%, bringing its weekly loss to about 25% on concerns over a debt-heavy balance sheet with reported total debt above USD 51 billion. The Nasdaq Golden Dragon China Index fell 1.30%; XPeng, Kingsoft Cloud and Pony.ai fell more than 4%, Baidu nearly 3%, and TSMC, Nio and Bilibili more than 2%.

3. EUROPE BUCKS THE TREND
DAX gains 0.95%, Eutelsat jumps 17.11%. Germany’s DAX rose 0.95% to 25,622.61; France’s CAC 40 added 0.28% to 7,956.70; the UK’s FTSE 100 rose 0.38% to 10,881.90. Eutelsat jumped 17.11% as investors reassessed European satellite alternatives following reports that Ukraine’s access to SpaceX’s Starshield service was restricted. The move highlights shifting focus toward non-US options in satellite security supply chains.

4. ASIA-PACIFIC REBOUNDS
KOSPI up 2.05%, Nikkei up 1.39%. On October 17, Korea’s KOSPI rose 2.05%; Japan’s Nikkei 225 rose 1.39% to 65,324.29; Hong Kong’s Hang Seng added 0.52%; Taiwan’s Taiex rose 0.30%; the Shanghai Composite gained 0.24%; the Shenzhen Component slipped 0.12%. The rebound follows heavy selling in the US and helped calm regional sentiment, although gains were uneven.

5. BRENT TOUCHES $110, BASE METALS RECOVER
Brent hits $110 for first time since May. December Brent settled up 3.7% at $109.86 a barrel after touching $110, the first time since May; November WTI rose 3.5% to $101.41. Drivers included fading hopes for rapid supply relief, continued Houthi attacks on Saudi targets in Yemen, Russian-Ukrainian strikes on energy infrastructure, and doubts over a US-Russia diesel deal; some US lawmakers introduced a bill seeking to block that deal. LME base metals rebounded: copper rose 0.4% to $14,407.5 per tonne, aluminium 0.5%, nickel 0.9%, zinc 0.8%, tin 0.5%, lead 0.4%. COMEX gold rose 0.40% to $4,186.70 per ounce, while COMEX silver slipped 0.04% to $57.13.

6. DOLLAR SOFTENS, YIELDS MIXED
Fed may hold rates in October. The dollar index eased 0.19% to 101.78; offshore yuan firmed 32 pips to 6.6863. Fed Chair Kevin Warsh said he would not prejudge whether the central bank would raise rates this month, and markets now price roughly an 82% probability that the Fed holds at the October 27-28 meeting. US Treasury yields were mixed: the 2-year yield fell 3.0bp to 4.706%; the 10-year added 1.3bp to 5.075%; the 30-year added 1.5bp to 5.422%; Germany’s 10-year yield rose 1.3bp to 3.423%.

7. US DEFICIT, COMPANY NEWS
US fiscal 2026 deficit reaches $1.99 trillion. The US Treasury reported the fiscal 2026 budget deficit reached about $1.99 trillion, up $217 billion, or 12%, from the prior year and the highest since 2021. Revenue rose 3% to $5.40 trillion while spending rose 6% to $7.40 trillion; net interest costs hit a record of about $1.36 trillion, though some reports cite about $1.05 trillion under a different measure. In corporate news, Nvidia CEO Jensen Huang said of the AI selloff: “This too shall pass.” SoftBank is reported to be considering acquiring US security company Allied Universal in a deal worth nearly $30 billion; SoftBank ADRs fell about 9%.

8. BITCOIN SLIPS BELOW $81,000
Bitcoin down 1%, 80,000 traders liquidated. Bitcoin fell below $81,000, down about 1%; ETH and SOL fell more than 1.4%, HYPE and XRP more than 2%, and ZEC more than 7%. Around 80,000 traders were liquidated in 24 hours, signalling broader volatility across risk assets.

Điều cần theo dõi hôm nay: Whether Brent sustains above $110 and further Fed commentary on the October rate path.

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