LIVE: Asian Stocks and Bitcoin Await CPI Test as NVIDIA Sell-Off Concerns Grow

Will October’s U.S. inflation data trigger another sell-off in Asian equities and Bitcoin? Regional markets experienced a strong rebound during Tuesday’s session, but investors remain cautious ahead of the latest Consumer Price Index (CPI) announcement. Expectations of slower inflation have offered some relief, although rising expectations of a Federal Reserve rate increase and a shareholder lawsuit involving NVIDIA CEO Jensen Huang have created additional uncertainty.

South Korea’s KOSPI rallied 4.5% in morning trading, with Samsung Electronics and SK Hynix leading the recovery. Hong Kong’s Hang Seng Index also moved into positive territory, while Singapore’s Straits Times Index recorded gains alongside other regional benchmarks. Bitcoin, however, continued to trade below $75,000 as the market awaited the U.S. inflation report.

The recovery is now facing a significant macroeconomic test. An unexpectedly high CPI reading could revive concerns about borrowing costs and encourage investors to reduce their exposure to risk assets. Conversely, weaker inflation could improve market confidence and help extend the recent gains.

The central question is whether Asian equities and Bitcoin can maintain their recovery or whether another inflation surprise will bring sellers back into the market.

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U.S. Inflation Report Puts Asian Market Recovery at Risk

The U.S. Bureau of Labor Statistics (BLS) is due to publish October’s CPI figures at 8:30 a.m. ET on November 10. Current estimates suggest headline inflation increased 0.3% month over month, down from September’s 0.6% rise. Core CPI, which excludes food and energy costs, is expected to record a 0.2% increase following the previous month’s 0.3% reading.

The missing October 2025 report creates an unusual challenge for annual inflation comparisons. A government shutdown prevented the BLS from gathering the necessary information and publishing the figures last year. Economists have estimated that headline inflation would have reached approximately 3.9% annually.

Meanwhile, expectations for another Federal Reserve rate increase have strengthened following stronger employment figures. Market participants recently assigned an 84%–85% probability to a December rate hike. The Fed’s benchmark interest rate currently remains between 3.75% and 4%.

An upside surprise in October’s inflation data could strengthen expectations for further monetary tightening. This would potentially push Treasury yields higher and support the U.S. dollar, creating additional pressure on Asian equities.

Technology companies could face greater exposure because higher interest rates tend to weigh on growth-stock valuations and increase financing costs.

South Korea’s KOSPI is particularly sensitive to semiconductor industry developments. Samsung Electronics and SK Hynix are major suppliers in the global chip market, making their performance closely connected to artificial intelligence investment and demand.

Both companies contributed to Tuesday’s recovery, with Samsung shares rising 5.1% and SK Hynix gaining 6.8%.

Hong Kong’s Hang Seng Index is another benchmark to watch. Its exposure to technology and growth-oriented companies could make it vulnerable if investors become more defensive following a stronger inflation reading.

Singapore’s Straits Times Index has a different sector composition, with greater exposure to banks, financial institutions, and dividend-paying businesses. This could lead to a different response compared with technology-heavy regional markets.

If inflation comes in below expectations, however, reduced concerns about interest rates could support further gains across Asian equities.

Bitcoin Below $75,000 as Investors Watch the $73,000 Support

Bitcoin is entering the CPI announcement with its recovery still uncertain. BTC is trading around $74,600, remaining below the psychological $75,000 threshold.

The $73,000 region has emerged as an important support level. A sustained breakdown below this area could expose Bitcoin to another decline, with $70,000 representing the next major downside target.

A hotter-than-expected inflation report could accelerate bearish momentum by increasing expectations of another Federal Reserve rate increase.

Institutional demand is already showing signs of weakness. U.S. spot Bitcoin exchange-traded funds recorded approximately $1.28 billion in net outflows last week, indicating continued withdrawals from investment products linked to BTC.

A cooler CPI reading could encourage buyers to return and support a short-term recovery. Nevertheless, improved inflation data may not be enough to reverse Bitcoin’s broader downward trend.

A sustained rebound would likely require stronger ETF demand, improved liquidity, and renewed participation from institutional investors.

NVIDIA Shareholder Lawsuit Creates New Risks for Semiconductor Stocks

Developments surrounding NVIDIA have added another source of uncertainty to the global technology market.

The company and CEO Jensen Huang are facing a proposed shareholder class-action lawsuit filed in California on Monday. Investor Mark Kistenmacher alleges that NVIDIA failed to disclose sufficient information about Huang’s alleged relationship with Alice Huang, a former executive at Singapore-based data center operator Megaspeed.

The complaint claims that the alleged relationship created potential reputational and national security risks that shareholders should have been made aware of.

NVIDIA’s board had previously confirmed an independent investigation into the allegations. The company had not immediately responded to the newly filed lawsuit.

The legal controversy follows a difficult trading session for NVIDIA shares. The stock fell 4.3% on Monday, erasing approximately $190 billion from the company’s market value.

The decline came as Asian semiconductor stocks were attempting to recover from last week’s technology-sector sell-off.

NVIDIA plays a central role in the artificial intelligence investment cycle. Any deterioration in investor confidence could raise broader concerns about semiconductor valuations, AI infrastructure spending, and the sustainability of current industry growth.

This uncertainty could extend to Asian chipmakers, particularly Samsung Electronics and SK Hynix. Both companies could face renewed selling pressure if concerns about the AI sector intensify alongside an unfavorable U.S. inflation report.

Will CPI Trigger Fresh Selling in Bitcoin and Asian Stocks?

October’s CPI figures could become a major catalyst for the next move across Asian equities and cryptocurrency markets.

Investors will focus on core inflation, Treasury yields, and the U.S. dollar to determine whether expectations for another Federal Reserve rate increase are likely to strengthen.

A softer reading could ease monetary policy concerns, improve confidence in technology stocks, and provide Bitcoin with an opportunity to recover.

However, stronger inflation could revive fears of tighter financial conditions and undermine the recent market rebound.

With NVIDIA-related concerns adding another layer of uncertainty to semiconductor stocks, the latest CPI announcement will test whether investor confidence is strong enough to withstand another macroeconomic shock.