Market Review 10 November 2026 (Morning Session)
1. Asia Equity Markets: Opened Higher Tracking Wall Street Rebound & Oil Price Decline
• Opening Movement: Kicking off trading on Tuesday morning (10/11), stock exchanges across Asia opened higher. This movement tracked Wall Street's close last night, which successfully surged more than 2%.
• Bargain Hunting in the AI Sector: The rally was triggered by buyers entering the market, seizing the momentum of the previous price decline (buy on weakness) to re-accumulate shares of chipmakers and Artificial Intelligence (AI) infrastructure companies that had previously been battered.
• Sentiment from Oil Price Decline (Brent): Brent crude oil prices plunged more than 5% after US President Donald Trump stated he would most likely not order a new military strike against Iran. Diplomatic efforts to end the war are intensifying following the Democratic Party's victory in last week's US midterm elections. The decline in oil prices has eased concerns over global inflation that have weighed on the economy throughout the year.
• Nvidia Issue Development: The market has so far remained calm and has not overreacted to the national security issue regarding the Nvidia Board of Directors' investigation into CEO Jensen Huang following his personal matters.
2. Bond Market & Macro Focus: US Treasury Yield Rise Ahead of CPI Data Release
• 10-Year US Treasury Yield Movement: Rose slightly by 1.5 bps to 4.87%, in line with investors' wait-and-see stance ahead of the release of US October inflation data (Consumer Price Index / CPI) on Tuesday.
• The Fed's Interest Rate Expectations (December): The probability of a 25 bps rate hike at the December FOMC meeting is strengthening at around 84%, supported by solid employment data (Non-Farm Payrolls adding 165,000 workers) released last weekend.
1. Asia Equity Markets: Opened Higher Tracking Wall Street Rebound & Oil Price Decline
• Opening Movement: Kicking off trading on Tuesday morning (10/11), stock exchanges across Asia opened higher. This movement tracked Wall Street's close last night, which successfully surged more than 2%.
• Bargain Hunting in the AI Sector: The rally was triggered by buyers entering the market, seizing the momentum of the previous price decline (buy on weakness) to re-accumulate shares of chipmakers and Artificial Intelligence (AI) infrastructure companies that had previously been battered.
• Sentiment from Oil Price Decline (Brent): Brent crude oil prices plunged more than 5% after US President Donald Trump stated he would most likely not order a new military strike against Iran. Diplomatic efforts to end the war are intensifying following the Democratic Party's victory in last week's US midterm elections. The decline in oil prices has eased concerns over global inflation that have weighed on the economy throughout the year.
• Nvidia Issue Development: The market has so far remained calm and has not overreacted to the national security issue regarding the Nvidia Board of Directors' investigation into CEO Jensen Huang following his personal matters.
2. Bond Market & Macro Focus: US Treasury Yield Rise Ahead of CPI Data Release
• 10-Year US Treasury Yield Movement: Rose slightly by 1.5 bps to 4.87%, in line with investors' wait-and-see stance ahead of the release of US October inflation data (Consumer Price Index / CPI) on Tuesday.
• The Fed's Interest Rate Expectations (December): The probability of a 25 bps rate hike at the December FOMC meeting is strengthening at around 84%, supported by solid employment data (Non-Farm Payrolls adding 165,000 workers) released last weekend.