General Wire › 26 Oct 2026
Daily brief
General Wire — 26 October 2026
Lula holds Brazil's presidency and Brazilian assets sell off, the AI trade and bond market stay under strain before big-tech earnings and the Fed, and India's IT firms report firmer margins.
Business
Sourced from Bloomberg’s Morning Briefing Asia.
BYD’s South Korean registrations hit 20,000 in September, double its initial target for the year, as Hyundai’s global sales head below 4 million units for the first time since 2010. — Bloomberg
Finance
Sourced from Bloomberg’s Points of Return and Morning Briefing Asia.
The SOX semiconductor index has fallen 19% in three weeks as AI-spending fears and rising bond yields feed each other, with the FOMC expected to hold on Wednesday. — Bloomberg · Bloomberg
Goldman Sachs cut its 12-month Kospi target by 25% to 9,000 after the index fell from its June peak, while still seeing more than 60% upside. — Bloomberg
Politics
Sourced from Bloomberg’s Points of Return.
Lula won Brazil’s presidential runoff, Datafolha projects, and Brazil-focused ETFs gave up 16% immediately as Bolsonaro sought to have the election annulled. — Bloomberg
Tech / AI
Sourced from Bloomberg’s Morning Briefing Asia and the Economic Times’ ET AI newsletter.
SoftBank has picked Malaysian sites for a planned $50 billion technology investment, according to Prime Minister Anwar Ibrahim. — Bloomberg
Q2 operating margins rose at HCLTech (to 18.2%), Wipro (16.5%) and Tech Mahindra (14.8%), as AI efficiencies offset transatlantic headwinds. — Economic Times
Headlines are summarised in our own words for comment and analysis, with attribution and a link to the original publisher. Indicative only — not investment or trading advice. For commodity and cross-asset risk coverage, see Risk Wire.