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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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Mosquitoes and Monsoons: Chikungunya Outbreak Sweeps Southern China

 

                                         More than 7,000 cases of a mosquito-borne virus have been reported across China's Guangdong province

 Floods Fuel Viral Surge

Southern China is grappling with a major outbreak of chikungunya, a mosquito-borne virus, as heavy rains and flooding create ideal breeding conditions for disease-carrying insects. Over 7,000 cases have been reported, with the epicenter in Foshan, Guangdong Province.

What Is Chikungunya?

Chikungunya is transmitted by Aedes mosquitoes—also known for spreading dengue and Zika. The virus causes sudden fever, fatigue, nausea, and intense joint pain that can last for months. Its name comes from a Tanzanian word meaning “that which bends up,” describing the stooped posture of sufferers.

No Cure, Limited Vaccines

There’s no specific treatment for chikungunya, though symptoms can be managed with pain relievers and fever reducers. While vaccines exist in some countries, they are not widely available in China.

China’s Response

Authorities have launched aggressive containment efforts:

  • Spraying insecticide in public areas
  • Distributing mosquito nets
  • Fining residents who fail to eliminate standing water
  • Using drones and even mosquito-eating fish to curb breeding

Global Concern

The U.S. CDC has issued a travel advisory for Guangdong, and experts warn that climate change and urbanization may increase the frequency of such outbreaks worldwide.

As the rainy season continues, vigilance and public cooperation remain key to halting the spread of this painful virus.

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