South Korea's Kospi falls more than 7% in a tech selloff, a school roof collapse in Peshawar, Pakistan, kills at least 28 children and a teacher, Rep. Ilhan Omar's relatives are subpoenaed, TSMC posts record profit, and the Brewers take a 3-0 NLCS lead.
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South Korea's Kospi fell more than 7% on Thursday and Japan's Nikkei 225 dropped about 5%, as a selloff in technology and AI-related shares spread to Asia. It followed losses on Wall Street Wednesday, when the S&P 500 fell 1.1% and the Nasdaq 1.9% after U.S. consumer prices rose 3.7% from a year earlier in September, above forecasts. Chipmakers Nvidia, Broadcom and AMD all fell Wednesday.
The roof of a private school collapsed Thursday in Peshawar, in northwestern Pakistan, killing at least 28 children and a female teacher, according to AP; Pakistan's Dawn newspaper later reported the toll had risen to 33. Peshawar's police chief said the building was structurally weak. AP reports the school's owner has been arrested. Khyber Pakhtunkhwa Governor Faisal Karim Kundi ordered a structural safety audit of educational institutions across the province.
Relatives of Rep. Ilhan Omar, D-Minn., received grand jury subpoenas in a federal investigation of possible fraud in her family's immigration paperwork, CBS News and AP report. A person briefed on the probe told AP that more than a dozen grand jury subpoenas have been issued and that her phone was seized. Federal agents searched Omar's Washington, D.C., home on Monday. Omar is seeking reelection in Minnesota's 5th District on Nov. 3.
Taiwan Semiconductor Manufacturing Co. reported a 69% jump in third-quarter net profit on Thursday, a record that beat forecasts, driven by soaring demand for its AI processors, Reuters reports. AP reports revenue of $46.72 billion, above analysts' estimate of $45.62 billion.
The Milwaukee Brewers beat the Los Angeles Dodgers 6-2 at Dodger Stadium on Wednesday night to take a 3-0 lead in the National League Championship Series. Jackson Chourio homered on the game's first pitch, and Jake Bauers and Garrett Mitchell hit back-to-back home runs in the seventh. One more win would send Milwaukee to its first World Series since 1982. Game 4 is Thursday in Los Angeles.
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