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Daily Markets Update: Hot U.S. CPI Rattles Tech, Kospi Crashes 7.6%, TSX Slides 1.1% (Oct. 15)

  Thursday, October 15, 2026 | Canadian Money Brief | Daily Markets Update A hotter-than-expected U.S. inflation report turned Wednesday into a risk-off day, and the damage spread overnight to Asia, where South Korea's Kospi crashed 7.6% and triggered a market-wide circuit breaker. Here is where Canada, the U.S. and the world's other major markets stand this morning. Today's Headlines U.S. CPI hit 3.7% in September (3.6% expected, 3.4% in August), with core inflation at 2.6%. The Nasdaq fell 1.88% and the S&P 500 lost 1.11%. The TSX fell 1.11% to 35,584.46 , ending a three-day winning streak as materials plunged 4.33%. Asia sold off hard on AI valuation fears: Kospi -7.57% (seventh straight loss), Nikkei -4.90%. The loonie sits near an 18-month low at about 70.1 US cents as Fed-hike bets rise. Brent closed at US$106.06 and gold slid to a one-week low near US$4,084. Canada: TSX Ends Three-Day Win Streak The S&P/TSX Composite Index fell 399.52 points, or 1.11%, to...
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Israel Targets Hamas Military Intelligence Leader in Gaza

The Israeli military announced that it has killed Osama Tabash, the head of Hamas' military intelligence in southern Gaza. According to the Israeli Defense Forces (IDF), Tabash was also responsible for overseeing Hamas' surveillance and targeting unit. The IDF described him as a key figure in the group's operations, including planning and coordinating attacks.

The operation, which took place on Thursday, was part of Israel's ongoing efforts to weaken Hamas' military capabilities. The IDF stated that Tabash's death is a significant blow to Hamas' intelligence-gathering and operational planning. Hamas has not yet commented on the incident.

This development comes amid heightened tensions in the region, with both sides experiencing significant losses in recent weeks.

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