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Nasdaq Gains on SpaceX Results, AI Optimism

The Nasdaq climbed over 1% on Wednesday, October 22, after quarterly results from SpaceX and Super Micro Computer improved sentiment for AI-linked stocks, while Netflix slipped on a weak forecast. In Seoul, shares opened sharply higher ahead of Meta earnings amid ongoing AI concerns, reflecting a broader regional lift from the tech rally. Korean financial groups are also expected to post strong Q3 profits, with the Big Four eyeing about 5.6 trillion won combined, though analysts warn of slowing growth in sectors like EV batteries, as seen with CATL's lowest profit growth in seven quarters.

  1. Nasdaq climbs over 1% as SpaceX, Super Micro improve AI sentiment Korea Times · 2026-10-22
  2. (LEAD) Seoul shares open sharply higher ahead of Meta earnings amid AI woes Yonhap · 2026-10-21
  3. S. Korea's Big Four Financial Groups Eye $4.2 Billion Q3 Profit Business Korea · 2026-10-22
  4. CATL Profit Growth Slows as EV Market Cools Business Korea · 2026-10-21

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