Asian stock markets opened lower on Tuesday (13 October 2026), with\nSouth Korea recording the steepest decline. The falls came as investors\nprepared to assess earnings reports from major US companies and several\nimportant economic indicators due this week.<\/p>\n
According to CNBC, Japan\u2019s Nikkei 225 fell 1.20%, while the Topix was\nlittle changed. In South Korea, the Kospi dropped 3.29% at the open,\nwhile the small-cap Kosdaq declined 2.49%.<\/p>\n
Australia\u2019s benchmark S&P\/ASX 200 fell 0.33%. Asian markets were\ntrading ahead of earnings reports from several major US banks, which\ncould offer insight into the state of the economy and influence global\nmarket sentiment.<\/p>\n
JPMorgan, Goldman Sachs, Citigroup and Wells Fargo were scheduled to\nreport before the US market opened on Tuesday local time. Health insurer\nUnitedHealth, a member of the Dow Jones index, was also due to announce\nits results.<\/p>\n
These early reports are expected to help set the tone for this\nquarter\u2019s earnings season, amid high market expectations. FactSet data\nshow analysts forecast that earnings at S&P 500 companies will grow\nby nearly 30% from the same period a year earlier, on average.<\/p>\n
Ameriprise chief market strategist Anthony Saglimbene said three\nindustry groups were likely to shape how investors assess this earnings\nseason: banks, as a gauge of consumer and business health; large\ntechnology companies, for indications of how artificial intelligence\n(AI) is being monetised; and the energy sector, to assess whether\nprofits supported by oil prices can be sustained.<\/p>\n
Saglimbene said investors would also monitor the condition of\nconsumers and businesses amid higher interest rates, rising costs and\nconcerns about the macroeconomic outlook. These factors are expected to\ndraw attention across sectors throughout the earnings season.<\/p>\n
On the economic front, investors were also due to examine US\nexisting-home sales data on Tuesday and comments from Federal Reserve\nofficials Christopher Waller, Tom Barkin and Susan Collins. US inflation\ndata for September, due later this week, could affect movements in US\nTreasury yields.<\/p>\n
Attention to inflation data has increased after Treasury yields\nrecently reached their highest levels in decades. The US bond market was\nclosed on Monday local time for the Indigenous Peoples\u2019 Day holiday.<\/p>\n
On Wall Street, trading ended mixed on Monday. The Dow Jones closed\nmore than 195 points higher, while pressure on memory stocks pushed the\nNasdaq Composite and S&P 500 into negative territory.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/asian-markets-fall-in-unison-kospi-sinks-3-29-1791859837", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }