Beijing Stock Exchange new listing N Yute opened 489.82% above its IPO price on debut.

Joachim Klement, market strategist at Panmure Liberum in London, warned the AI-driven investment boom could unwind as early as 2027–28 and spark the worst S&P 500 sell-off since the 2008 financial crisis. "My core view is that the AI bubble will burst in 2027 or 2028 — sometime within the next two years," he said, citing hyperscalers' free cash flow being effectively depleted and rapidly rising borrowing costs as key vulnerabilities. Klement sets an end-2027 S&P 500 target of 5,000, implying roughly a 36% drop from current levels.

On Oct. 8, the US Treasury said it had imposed a new round of sanctions on Iran, designating 17 vessels used to transport Iranian crude, refined oil products and petrochemicals. Treasury officials said the US estimates about 20 mln barrels of Iranian crude remain aboard ships outside the scope of US port-blockade measures. Officials added Iran has halted loading and unloading of crude tankers because of the US blockade and sanctions. Earlier the same day President Trump said he was holding productive talks with Iran and would not attack Iran before the Nov. 3 US midterm elections.