The Market ThesisDaily Summary
Asia & Pacific Edition
October 29, 2026 at 5:30 AM ET
By MacroGlide's Analysts
Markets Recap for October 28, 2026
KOSPI Surges 6.63% as Samsung Earnings Beat Estimates
What's in the markets today?
Australia’s Bureau of Statistics released CPI data showing year-on-year inflation rose to 4.3%, driven by persistent increases in services and energy costs, underscoring pressure on the Reserve Bank’s policy outlook. The Reserve Bank of New Zealand held its policy rate unchanged at 2.75%, signaling that board members remain watchful over domestic growth despite ongoing inflationary risk. Japanese industrials took center stage with companies like Hitachi and Advantest reporting quarterly earnings, adding clarity to earnings visibility across Asia’s major exporters. The Nikkei 225 climbed 1.08%, supported by technology sector resilience and expectations of ongoing demand for industrial goods in the region. WTI crude oil prices gained 2.88%, reflecting renewed supply concerns and highlighting how energy remains a focal point for market volatility affecting key Asian importers.
Benchmark Moves
The KOSPI surged 6.63% today, led by a 9.01% jump from Samsung Electronics, bolstered by strong earnings that exceeded analysts' estimates. This bullish sentiment in South Korean technology extended to broader Asian markets, with the Nikkei 225 gaining 1.08%, as industrial demand remains robust. However, WTI crude oil prices rose 2.88%, reflecting new supply concerns that are likely to affect inflation expectations and input costs across sectors. This dynamic indicates an underlying strength in technology while potential energy-cost pressures could influence future market performance.
Market data as of Oct 28, 2026 at 4:00 PM ET.
Market data as of Oct 28, 2026 at 4:00 PM ET.
Market data as of Oct 28, 2026 at 5:00 PM ET.
Key Financial Reports
Hitachi, Ltd. (HTHIY) reported an EPS of $0.322, reflecting strong demand and revenue growth across all sectors, with management raising its full-year revenue forecast. Advantest Corporation (ATEYY) posted an EPS of $1.692, driven by robust demand for semiconductor testing and an upgrade in guidance for the year. These earnings highlight the resilience in the technology sector and suggest a continuing upward trend in investment and demand within Asia's industrial landscape.
EPS reported on October 28, 2026 ET. Figures use each company's reported basis.
Key Macroeconomic Reports
Inflationary pressure is intensifying across Australasia, with both Australian CPI and the RBA trimmed mean CPI rising compared to earlier periods. Australia's headline CPI increased to 4.3% year-on-year, while the trimmed mean CPI moved up to 3.6%, pointing to broad-based price growth. At the same time, the Reserve Bank of New Zealand held its policy rate at 2.75%, signaling that policymakers are reluctant to tighten further as inflation accelerates. This combination of persistent inflation and steady rates highlights a challenging environment, where monetary authorities may be forced to weigh price stability against growth risks.
Macroeconomic data released on October 27, 2026 ET.
Top Stories
A quick look at the five stories that shaped today's market sentiment. Explained with brief context highlighting why each story mattered today.
Source: CNBC — Asia Pacific
Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO
Jio Platforms' shares surged 21.5% on their trading debut following a record initial public offering (IPO) that raised 302 billion rupees ($3.2 billion). The IPO was priced at 1,119 rupees per share and was subscribed more than 22 times, with institutional investors leading demand. Jio's market capitalization reached 12.5 trillion rupees ($131 billion), making it the second most valued company in India. Analysts expect the stock's inclusion in major indices, which could stabilize its price.
Source: Australian Financial Review
Back-to-back rate rises on the cards after hot inflation print
Following a strong inflation report, bond traders are increasing bets that the Reserve Bank of Australia (RBA) will raise the cash rate above 5 percent. Money markets are now pricing in an 88 percent chance of the RBA lifting the cash rate to 4.85 percent at the upcoming meeting on November 3, up from a 69 percent probability prior to the report. The inflation data showed prices rising faster than anticipated, prompting expectations of further rate hikes.
Source: Australian Financial Review
Inflation spike pushes RBA on rates, Chalmers on spending cuts
The Reserve Bank of Australia is expected to raise interest rates to an 18-year high due to persistent inflation and global instability. Recent inflation data showed increases that exceeded official forecasts, raising concerns among business groups about the economy. The potential for an official cash rate above 5 percent could exacerbate the cost-of-living challenges faced by the Albanese government. This situation has prompted warnings that economic alarm bells are ringing.
Source: Nikkei Asia
SK Hynix quarterly profit soars sevenfold to $63bn on strong memory demand
SK Hynix reported a third-quarter operating profit of 83.3 trillion won ($62.9 billion), a more than sevenfold increase from the previous year, driven by strong demand for memory chips. Analysts predict that the company's earnings will continue to rise, supported by investments in AI infrastructure. The company is sold out of products until the end of the decade, indicating robust market demand. The upward trend in profits is expected to persist at least through next year.
Source: CNBC — Asia Pacific
SK Hynix shares jump 11% after record quarterly profit, outperforming broader market
SK Hynix shares rose 10.89% after the company announced record quarterly profits and plans for over $25 billion in dividends and buybacks. The third-quarter revenue increased by 327.9% year-on-year, while operating profit surged by 632.1%. The company plans to return about 100 trillion won to shareholders, including a special dividend funded by gains from its investment in Kioxia. SK Hynix also anticipates continued demand for memory products, particularly in AI applications.
Other Headlines
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Asia & Pacific Edition
October 29, 2026 at 5:30 AM ET
Markets Recap for October 28, 2026
KOSPI Surges 6.63% as Samsung Earnings Beat Estimates
What's in the markets today?
Australia’s Bureau of Statistics released CPI data showing year-on-year inflation rose to 4.3%, driven by persistent increases in services and energy costs, underscoring pressure on the Reserve Bank’s policy outlook. The Reserve Bank of New Zealand held its policy rate unchanged at 2.75%, signaling that board members remain watchful over domestic growth despite ongoing inflationary risk. Japanese industrials took center stage with companies like Hitachi and Advantest reporting quarterly earnings, adding clarity to earnings visibility across Asia’s major exporters. The Nikkei 225 climbed 1.08%, supported by technology sector resilience and expectations of ongoing demand for industrial goods in the region. WTI crude oil prices gained 2.88%, reflecting renewed supply concerns and highlighting how energy remains a focal point for market volatility affecting key Asian importers.
Benchmark Moves
The KOSPI surged 6.63% today, led by a 9.01% jump from Samsung Electronics, bolstered by strong earnings that exceeded analysts' estimates. This bullish sentiment in South Korean technology extended to broader Asian markets, with the Nikkei 225 gaining 1.08%, as industrial demand remains robust. However, WTI crude oil prices rose 2.88%, reflecting new supply concerns that are likely to affect inflation expectations and input costs across sectors. This dynamic indicates an underlying strength in technology while potential energy-cost pressures could influence future market performance.
Indexes
Detailed View →Market data as of Oct 28, 2026 at 4:00 PM ET.
Stocks
Detailed View →Market data as of Oct 28, 2026 at 4:00 PM ET.
Commodities & Crypto
Detailed View →Market data as of Oct 28, 2026 at 5:00 PM ET.
Key Financial Reports
Hitachi, Ltd. (HTHIY) reported an EPS of $0.322, reflecting strong demand and revenue growth across all sectors, with management raising its full-year revenue forecast. Advantest Corporation (ATEYY) posted an EPS of $1.692, driven by robust demand for semiconductor testing and an upgrade in guidance for the year. These earnings highlight the resilience in the technology sector and suggest a continuing upward trend in investment and demand within Asia's industrial landscape.
Earnings Per Share (EPS)
Detailed View →EPS reported on October 28, 2026 ET. Figures use each company's reported basis.
Key Macroeconomic Reports
Inflationary pressure is intensifying across Australasia, with both Australian CPI and the RBA trimmed mean CPI rising compared to earlier periods. Australia's headline CPI increased to 4.3% year-on-year, while the trimmed mean CPI moved up to 3.6%, pointing to broad-based price growth. At the same time, the Reserve Bank of New Zealand held its policy rate at 2.75%, signaling that policymakers are reluctant to tighten further as inflation accelerates. This combination of persistent inflation and steady rates highlights a challenging environment, where monetary authorities may be forced to weigh price stability against growth risks.
Macroeconomic Data
Detailed View →Macroeconomic data released on October 27, 2026 ET.
Top Stories
A quick look at the five stories that shaped today's market sentiment. Explained with brief context highlighting why each story mattered today.
Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO
Jio Platforms' shares surged 21.5% on their trading debut following a record initial public offering (IPO) that raised 302 billion rupees ($3.2 billion). The IPO was priced at 1,119 rupees per share and was subscribed more than 22 times, with institutional investors leading demand. Jio's market capitalization reached 12.5 trillion rupees ($131 billion), making it the second most valued company in India. Analysts expect the stock's inclusion in major indices, which could stabilize its price.
Source: CNBC — Asia Pacific
Back-to-back rate rises on the cards after hot inflation print
Following a strong inflation report, bond traders are increasing bets that the Reserve Bank of Australia (RBA) will raise the cash rate above 5 percent. Money markets are now pricing in an 88 percent chance of the RBA lifting the cash rate to 4.85 percent at the upcoming meeting on November 3, up from a 69 percent probability prior to the report. The inflation data showed prices rising faster than anticipated, prompting expectations of further rate hikes.
Source: Australian Financial Review
Inflation spike pushes RBA on rates, Chalmers on spending cuts
The Reserve Bank of Australia is expected to raise interest rates to an 18-year high due to persistent inflation and global instability. Recent inflation data showed increases that exceeded official forecasts, raising concerns among business groups about the economy. The potential for an official cash rate above 5 percent could exacerbate the cost-of-living challenges faced by the Albanese government. This situation has prompted warnings that economic alarm bells are ringing.
Source: Australian Financial Review
SK Hynix quarterly profit soars sevenfold to $63bn on strong memory demand
SK Hynix reported a third-quarter operating profit of 83.3 trillion won ($62.9 billion), a more than sevenfold increase from the previous year, driven by strong demand for memory chips. Analysts predict that the company's earnings will continue to rise, supported by investments in AI infrastructure. The company is sold out of products until the end of the decade, indicating robust market demand. The upward trend in profits is expected to persist at least through next year.
Source: Nikkei Asia
SK Hynix shares jump 11% after record quarterly profit, outperforming broader market
SK Hynix shares rose 10.89% after the company announced record quarterly profits and plans for over $25 billion in dividends and buybacks. The third-quarter revenue increased by 327.9% year-on-year, while operating profit surged by 632.1%. The company plans to return about 100 trillion won to shareholders, including a special dividend funded by gains from its investment in Kioxia. SK Hynix also anticipates continued demand for memory products, particularly in AI applications.
Source: CNBC — Asia Pacific
Other Headlines
Ambani’s $130bn Jio soars in India’s biggest listing
As AI revives magnetic tape, Fujifilm plans biggest buildup in two decades
Tech stocks gain as AI trade revives
UAE bank Mashreq injects $125m into Hong Kong business as China ties deepen
Don’t look now, but the iron ore price has a scary message on China
Why China is desperate to ship cars outside of the country
China rushes to shore up markets as AI trade sours
HP and Asus shift some PC making back to China due to AI-driven cost hikes
Warburg Pincus lands billionaire family, super giant for Ingenia bid
Labubu-maker Pop Mart's shares extend declines as third-quarter sales plunge
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