October 15, 2026 9:22 AM
Asian markets sell off as AI trades crumble after hot US CPI data
Markets started the day on the back foot as trading kicked off in Asia on Thursday, as a quicker-than-expected increase in US consumer price inflation upped expectations for the Federal Reserve to act later this year and pushed stocks lower. MSCI's broadest index of Asia-Pacific shares outside Japan, opens new tab was down 1.2%, led by a 5.6% plunge in South Korea's KOSPI, opens new tab, while the Nikkei 225, opens new tab fell 1.3%. S&P 500 e-mini futures were down 0.3%. "Asia faces anoth...