Market AnalysisIMPORTANTOctober 20 at 08:09 PM

[MARKET UPDATE] KOSPI (+2%) and Nikkei 225 (+1.5%) post gains amid tech-related optimism; ASX lags (-0.1%) amid a lack of relative exposure to the sector

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The update reported KOSPI and Nikkei 225 gains and a smaller ASX decline, associating the moves with technology optimism and relative sector exposure.

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Today's market highlights

A selection of stories drawing attention in the market.

Geopolitics

Iranian Foreign Minister Araghchi posts his interview with Iraqi network, says indirect negotiations with the US are continuing through intermediary countries, including Pakistan and Qatar, despite Washington's public opposition to talks

U.S. Markets

[EARNINGS CALL] SpaceX (SPCX) CEO Musk says a merger between SpaceX and Tesla (TSLA) would be a good idea but is far from certain, noting that shareholder support is required, including approval from 50% of all Tesla shares

SPCXTSLA U.S. Markets

[EARNINGS CALL] SpaceX (SPCX) CEO Musk says demand for AI compute is likely to remain strong, with even older H100s (NVDA) renting for more than when they were new, while warning that a shortage of superintelligence compute could persist for a long time

SPCXNVDA