EL7.AI
CryptoMedium•22 October 2026•
2 min read

Kospi falls 3.5%, Brent rises to $111.24 on supply concerns

Key Facts

1South Korea's Kospi index fell 3.5% as part of a selloff in Asian equities.
2Brent futures rose 2.2% to $111.24 a barrel at 14:45 GMT.
3The yield on U.S. ten-year Treasuries fell to 4.98% from 5.13% on Wednesday evening.
4Lam Research's quarterly revenue was $8.22 billion, compared with $6.72 billion in the previous quarter.

South Korea's Kospi index fell 3.5% during the session on 22 October 2026, part of a selloff in Asian equities reported by the Associated Press, as oil prices rose amid concerns about energy supplies. In the oil market, Brent crude futures rose 2.2% to $111.24 a barrel at 14:45 GMT, according to Reuters, which reported a price increase of $2.42 a barrel. Reuters attributed the rise in crude to Houthi attacks in Saudi Arabia, which raised fears of supply disruptions from the energy-exporting region. The Korean market's decline was part of a broader retreat in Asian equities, while crude prices moved higher amid those concerns. The flight to safety extended to the U.S. debt market, with the Associated Press reporting that investors sought safety in Treasuries.

The yield on U.S. ten-year Treasuries fell to 4.98%, compared with 5.13% on Wednesday evening, according to the Associated Press, accompanying demand for bonds. Thursday's session thus combined selling in Asian equities with buying of U.S. Treasuries, as oil rose on supply concerns. In technology companies' financing developments, Meta said it was creating a "new class of shares," according to the agency's account of the company's announcement. The move aims to raise funds for artificial intelligence investments and other spending, placing the financing of these investments among the developments accompanying market moves. The stated purposes of the fundraising include spending on artificial intelligence and other expenditures, according to Meta's announcement as reported by the Associated Press.

In corporate earnings, Lam Research reported quarterly revenue of $8.22 billion for the quarter ended September 2026, according to the company's financial results statement. The company compared that figure with revenue of $6.72 billion in the previous quarter ended June 2026, recording an increase between the periods. It said in its statement that "revenue was $8.22 billion," compared with the reported figure for the previous quarter, in a disclosure providing a direct comparison of its business performance over the two quarters. On upcoming dates, the Federal Reserve's official calendar lists a Federal Open Market Committee meeting on 27 and 28 October 2026. Microsoft's investor relations page sets its next earnings announcement for 28 October 2026, coinciding with the final day of the committee's meeting.