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IXIC Follow your favorite stocks CREATE FREE ACCOUNT Specialist traders work inside a post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2024.
Brendan McDermid | Reuters This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
What you need to know today Yields continue weighing on stocks U.S. stocks slumped Wednesday as Treasury yields continued rising .
Megacaps such as Apple , Nvidia and Meta slid more than 2%. On Thursday, Asia-Pacific markets mostly followed Wall Street downwards . South Korea's Kospi index lost around 0.
7% as the country reported a 0.1% quarterly growth for its GDP, narrowly avoiding a technical recession. Tesla beats earnings forecast Tesla shares jumped 12% in extended trading after the company's third-quarter earnings beat Wall Street estimates .
However, Tesla's revenue for that period, up 8% year on year, marginally missed expectations. "Vehicle growth" will hit up to 30% next year, said CEO Elon Musk, thanks to "lower cost vehicles" and the "advent of autonomy." Record profit for SK Hynix SK Hynix reported a record profit of 7.
03 trillion won ($5.08 billion) for its third quarter, beating LSEG estimates. Quarterly revenue for the South Korean chipmaker jumped 94% year o.