US Market Open: US reportedly mulling the use of the "mother of all bombs" to target Iran; AI woes fuel another round of tech selling

• The US military developed new strike plans that include potentially using the so-called “mother of all bombs” to target Iranian energy infrastructure and nuclear sites.
• APAC stocks slumped amid the global tech sell-off; European tech slumps, whilst NQ -1% underperforms.
• KOSPI was the worst performer and triggered circuit breakers after dropping as much as 8% owing to its large tech exposure.
• DXY pressured on lower yields & AI concerns; AUD underperforms post-jobs data.
• Crude pressured by global risk-off sentiment and potential supply relief; gold gains on haven demand.
• Looking ahead, highlights include US Jobless Claims (Oct/10), PPI (Sep), Retail Sales (Sep), Philly Fed Index (Oct), Atlanta Fed GDP (Q3). Speakers include Fed’s Bowman & Hammack, BoC’s Rogers, Earnings from Charles Schwab & Alcoa.

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