Financial
Thursday in Asia, per the AP: South Korea's Kospi fell 7.9% to 5,532.74, Japan's Nikkei 225 fell 5% to 64,340.84, Hong Kong's Hang Seng fell 1.4% to 23,982.04 and the Shanghai Composite fell 2% to 3,692.18, while U.S. futures were mixed. Brent crude fell 1.6% to $104.34 a barrel, U.S. benchmark crude fell 1.2% to $93.98, and the 10-year Treasury yield was 5.11%, the AP reported.
| Kospi | 5,532.74 | -7.9% | |
| Nikkei 225 | 64,340.84 | -5% | |
| Hang Seng | 23,982.04 | -1.4% | |
| Shanghai Comp. | 3,692.18 | -2% | |
Source: AP via The News-Gazette
- TSMC reports third-quarter net income of NT$763.06 billionTaiwan Semiconductor Manufacturing Co. reported third-quarter net revenue of NT$1,494.24 billion, up 50.9% from a year earlier, and net income of NT$763.06 billion, up 68.7%, in a Form 6-K dated Oct. 15, according to StockTitan's summary of the filing. Diluted earnings were NT$29.43 per share (US$4.60 per ADR unit) and gross margin was 66.4%, according to the filing.
- Netflix to lay off about 1,000 employees, Variety reportsNetflix plans to lay off about 1,000 employees, roughly 6% of its workforce, Variety reported Wednesday, citing an internal email from co-CEOs Ted Sarandos and Greg Peters, according to City News Service via NBC Los Angeles (single source). The email said: "Our business is strong and growing, and we remain on track to deliver our full year forecast." Netflix is scheduled to report third-quarter earnings on Tuesday, Oct. 20, according to the report.