Confederation of British Industry: three-month output expectations balance -1, up from -6 in September and the strongest reading since February 2025.

South Korea's KOSPI slid 4.00% intraday to 5503.73.

Oct 22 — Secretary of Iran’s Supreme National Security Council Rezaei said there is a cost to any action against Iran and that Tehran prefers diplomacy if consensus can be reached. He warned that if the conflict continues Iran has the means to respond and that the ongoing situation will have strategic consequences, including sustained turmoil in energy markets over the next three years. Rezaei added the war has shifted dynamics in Iran’s favor as Gulf states rapidly redefine relations, increasingly concluding US forces cannot be relied on to defend their bases or countries.