EU Market Open: APAC stocks slumped amidst the global tech sell-off; the US military reportedly developed new strike plans against Iranian energy

• US President Trump said the Iran conflict will end soon; the US military reportedly developed new strike plans targeting Iranian energy and nuclear sites.
• APAC stocks slumped amid the global tech sell-off and hotter-than-expected US CPI; US and European equity futures declined.
• KOSPI was the worst performer and triggered circuit breakers after dropping as much as 8% owing to its large tech exposure.
• DXY softened alongside lower US yields; crude futures retreated, while gold rallied on haven demand.
• Looking ahead, highlights include UK GDP (Aug), French Final Inflation (Sep), US Jobless Claims (Oct/10), PPI (Sep), Retail Sales (Sep), Philly Fed Index (Oct), Atlanta Fed GDP (Q3). Speakers include US President Trump, BoJ’s Koeda, BoE’s Pill, Greene & Breeden, Fed’s Bowman & Hammack, BoC’s Rogers, ECB's Cipollone. Supply from Spain & France. Earnings from TSMC, Ericsson, Charles Schwab & Alcoa.

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