Asian markets moved lower after the release of a stronger-than-expected US consumer price index for September 2026. Headline inflation hit 3.7% year-over-year, above the 3.6% forecast by economists, while core CPI rose 2.6%. The Nasdaq fell approximately 1.9% on October 14, its worst session since late July, with AI infrastructure stocks hit hardest, including drops of more than 15% for CoreWeave, around 11% for Dell, and 9% for Oracle. Odds for a Fed rate hike at the October FOMC meeting rose to 37-49%.
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