TSMC Earnings Beat; Anthropic Turns Profitable; Kospi Halted After 8% Plunge

Bloomberg Daybreak Europe delivers essential morning news and analysis, live from Brussels, to help viewers stay ahead of the markets. The show covers overnight developments from the US and Asia and highlights what matters most for European investors before trading begins. Today's episode features a range of critical stories shaping the global financial landscape. Trading on South Korea's Kospi was halted after the index fell more than 8%, reflecting a severe selloff in chip stocks and broader equity losses. Investors are now pricing in additional Federal Reserve rate hikes following a hotter-than-expected US inflation report. The combination of these factors has created a risk-off atmosphere in markets. On a positive note, TSMC reported third-quarter net income that beat estimates, showcasing resilience in the semiconductor industry. Additionally, Anthropic has announced it is now profitable, a significant milestone for the AI company. The show provides in-depth analysis of these developments, giving viewers the context they need to navigate the day's trading.