Dow closes down 1.23% Brent settles at $116.72

About 1,500 people attended the citizens' memorial at Seoul Plaza on the 24th, according to the organizers. The names of 160 victims were read aloud, and the prime minister and Seoul mayor also attended.

People Power Party spokesperson Park Sung-hoon criticized the Democratic Party leadership on the 24th for publicly clashing over the release of investigation results on Shincheonji membership registration, calling it irresponsible. Spokesperson Cho Yong-sul proposed forming a special counsel.

Acting Prosecutor General Lee Jung-hyun said the case will be concluded before December 30, when the prosecution's direct investigative power ends. The absence of MBK Chairman Kim Byung-ju from the National Assembly audit was also criticized by both ruling and opposition parties.

At around 2:20 a.m. on the 24th, three vehicles collided on the Yeongdong Expressway in the Hoengseong section, in the Gangneung direction. A man in his 70s and a woman in her 60s, who had got out of their car, were struck and killed by a following vehicle.

Democratic Party leader Kim Min-seok said on the 24th at the National Assembly that the impeachment of Supreme Court Chief Justice Cho Hee-dae will proceed step by step, along with a parliamentary inquiry. He said the party's floor leadership is coordinating various options for the inquiry schedule.

The People Power Party criticized the Democratic Party and the Rebuilding Korea Party for raising impeachment of the Supreme Court chief justice after Seoul Mayor Oh Se-hoon was acquitted on appeal. It said invoking impeachment whenever a ruling is unwelcome challenges judicial independence and demanded an immediate halt.

Based on Treasury daily yield data, the US 2-year yield was 4.69%, the 10-year 5.00%, and the 30-year 5.33%. Media reported that the 10-year yield climbing near 5% weighed on investor sentiment.

The Dow Jones index fell 652.82 points (1.23%) to close at 52,215.16. The S&P 500 fell 0.5% to 7,623.68, recording a second consecutive weekly decline, and the Nasdaq fell 0.2% to 25,955.34.

The US 2-year yield rose 5bp to 4.686%, the 10-year rose 5bp to 4.999%, and the 30-year rose 4bp to 5.312%. Gold futures fell about 1.3% to roughly $4,008 per ounce, while bitcoin was roughly flat at about $81,230.

The energy sector in US stocks rose 2.5%, hitting a record high. December Brent rose 3.14% to $116.72, its highest close since April 29.

American Express raised its earnings outlook and announced plans to cut 5% of its workforce, but its shares fell 3.7%. SLB's third-quarter profit beat Wall Street estimates, and its shares rose 7%.

Drone component maker Unusual Machines completed its acquisition of drone battery maker Upgrade Energy on October 19. Including $1 million in cash, stock and additional performance payments, the total is worth up to $52 million.

26 startups were counted as having raised investment between October 19 and 23. The 11 companies that disclosed amounts had a combined total of 251.12 billion won, and 10 were selected for TIPS-series programs.

Robot foundation model company DreamLabs raised a 120 billion won seed investment. B Capital led the round, with Kindred Ventures and A.Capital participating, and Base Ventures is the only domestic investor.

Comprehensive lodging solutions company Deohyusik raised 65 billion won from TS Investment and VIP Asset Management. 15 billion won of that was secondary shares, and it is pursuing an IPO in 2028. Its 2025 consolidated revenue was 181.7 billion won.

ADC developer Triore secured 33 billion won in its Series C round. It closed in two tranches: 24 billion won from new investors and 9 billion won from existing investors. The Korea Development Bank invested 12 billion won, bringing cumulative funding to 77 billion won.

According to Tom's Hardware, Meta deployed the PyTorch-based inference engine SGLang-TPU in production. 16 Ironwood TPUs processed Kimi K2 at over 700 tokens per second per user.

According to internal emails reviewed by Business Insider, AWS received roughly $5 billion worth of GB300 racks, but some sites lack sufficient power, so the racks are being kept in interim warehouses.

Meta reported Q3 revenue of $64.6 billion and capital expenditures of $34.9 billion, resulting in a free cash flow deficit of $2.1 billion. Anthropic is reported to have posted first-half revenue of $16.3 billion and a net loss of $80.7 billion.

Clem Delangue of Hugging Face said pre-orders for Microduck exceeded 20,000 units after the keynote video from GTC Berlin. It is an open-source robot and is scheduled to ship before Christmas.

Korean Air received notice of unauthorized access from Amadeus on the night of the 20th. It said its own internal network was not breached and that the only leaked item confirmed so far is booking numbers.

Hanjin Information & Communication announced that the names and email addresses of 980 ITSM users were leaked. Abnormal queries were detected in the early hours of the 22nd, and the company reported the incident to KISA.

Cypherma said it confirmed that a Korean-speaking attacker planned attacks on vulnerable PHP2Shell assets via an I2P channel on the 22nd. No actual intrusions have been confirmed.

Cypherma said Lazarus is distributing macOS executables disguised as fake job postings. BeyondTrust CVE-2026-102764 has a CVSS score of 9.8 and has been exploited as a zero-day.

BleepingComputer reported that BlackX, which Kaspersky attributed to APT41 with medium confidence, exploited CVE-2022-21894 to target diplomatic agencies in Central Asia.

Reports that SpaceX is seeking thousands of cell tower sites for a fourth mobile carrier sent AT&T and T-Mobile down nearly 8%. Crown Castle rose 9% and American Tower rose 4%, while SpaceX gained 1.9%.

Plave's Star Trace topped SHOW! Music Core on the 24th with 8,299 points. A2O LITE's NEON came second and NCT WISH's I SPY third. First-week sales of the new release exceeded 1.32 million copies.

A Kremlin spokesperson said the next talks are likely to be held in Abu Dhabi around mid-November. The most recent talks were in Geneva in February, and Special Envoy Witkoff met Putin and Zelensky separately.

Kim Jong Un visited Dandong, China, for a one-day trip on the 24th, and Wang Huning conveyed Xi Jinping's greetings. He visited a Korean War memorial facility and inspected a local automobile factory.

Al Arabiya reported that Iran told Pakistan it is prepared to resume negotiations and reopen the Strait of Hormuz if the US lifts its blockade of Iranian ports. Trump said further military operations are possible if there is no agreement.

Ukraine said restrictions on military Starlink connections, which had lasted more than a week, have been lifted. The defense minister said the connection remains stable even on equipment moving faster than 400 km/h.

Iran's armed forces chief of staff said the US Navy cannot re-enter Iranian waters. Trump said in a Florida rally that another 'Epic Fury' operation was possible, and Brent rose to around $117.

The US issued terrorism-related travel advisories for 13 Middle Eastern countries, including Saudi Arabia. A Houthi attack on Dammam airport killed 2 people and injured 8.

Kim Jong Un led the third meeting of Korean People's Army company commanders, held in Pyongyang. The meeting took place October 22–23, and KCNA reported it on Saturday.

At a Kennedy Space Center briefing on October 23, NASA described Artemis 3 as a low Earth orbit docking test. No launch date has been set, and NASA is targeting summer 2027.

ETH Zurich researchers measured the iron, titanium and chromium isotopes of 0.5 g of Bennu samples. Their isotopic fingerprints are close to those of Ryugu and CI meteorites, suggesting formation near the water-ice line (Science Advances).

A team led by Japan's National Astronomical Observatory used the Sunrise III telescope to observe thread-like magnetic structures in the chromosphere of a quiet solar region. Simulations reproduced this pattern.

Imperial College researchers said Mars quake S0976a, recorded by InSight on August 25, 2021, originated from a fault 20–40 km below Valles Marineris (Nature Communications).

Researchers at the University of Warwick modeled 151 white dwarfs within 20 parsecs and identified 2 yellow and 3 pink ones. Carbon in the atmosphere makes them appear pink or purple.

A 65-year-old woman died of Ebola in Kenya, bringing the death toll to 2. There are 9 confirmed cases, and 135 contacts have been traced, with 118 placed in quarantine, according to reports.

In the phase 1b evaluation of IMA402 (40 patients), the confirmed objective response rate was 25% (10/40) and the disease control rate was 63%. In the phase 1 evaluation of IMA203CD8 (90 evaluable patients), the objective response rate was 51% (46/90) and the disease control rate was 82%.

The median progression-free survival without liver metastases was 21.5 months for the gedatolisib triplet regimen and 9.1 months for the alpelisib combination. The objective response rate for the triplet regimen was 59%.

Lithium carbonate fell 5.0% in a week to 97,000 yuan per ton, its eighth consecutive weekly decline. It has dropped 20.7% over the past two weeks and is more than 50% below the May peak of 205,000 yuan.

On the 23rd, Brent rose 3.1% to $116.72 per barrel and WTI rose 3.8% to $103.27. Brent's close was the highest since April 29, and it gained about 6% for the week.

Oil prices rose after Houthi attacks on Saudi energy facilities. The US State Department ordered non-essential personnel in Saudi Arabia to leave, and Iran's Revolutionary Guard claimed seven vessels were hit near the Strait of Hormuz.

The US Strategic Petroleum Reserve (SPR) holds about 283 million barrels, its lowest level since 1982. The Energy Department approved exchanging up to 315,000 barrels of Northeast heating oil reserves, with bids closing on the 27th.

US natural gas for November delivery closed at $2.640 on the 23rd, down 5.58%. The weekly decline was 15.3%, and US gas inventories rose by 77 billion cubic feet to 3.644 trillion cubic feet.

The theatrical film Chiikawa: The Secret of Mermaid Island surpassed 2 million cumulative admissions on the 24th. It is the 10th film released this year to reach that mark and the second animated film after Toy Story 5. It held the No. 1 spot for 10 consecutive days.

BTS's SWIM passed 1 billion streams on Spotify as of the 24th. It is the first of this year's globally released songs to do so and the group's fastest song to reach the milestone. With this, seven songs in total have passed 1 billion streams.

Clayface opened at No. 1 with an estimated $24 million from 3,458 theaters. First-day earnings were $10.4 million, with a CinemaScore of A-.

The Milwaukee Brewers beat the Tampa Bay Rays 3-2 in Game 1 of the World Series. Starter Misiorowski pitched five innings and allowed one run to earn the win.

FC Seoul drew 1-1 with Gangwon FC, while Ulsan drew 2-2 with Pohang at the same time, confirming Seoul's title. Seoul finished on 67 points, 16 ahead of second-place Ulsan (51), and Moon Sun-min scored the opening goal.

Incheon United beat Jeju SK 3-1 in Round 33 of the K League 1. Lee Myung-ju, Lee Dong-ryul and Lee Chung-yong scored, and Jeju, which only needed a draw, was pushed into Final B.

Samsung beat Hyundai Mobis 91-71 to achieve the franchise's first-ever seven straight wins to open a season. Kanter scored 27 points with 11 rebounds, and on the same day Sono beat KCC 97-96.

SK overturned a 13-32 first-quarter deficit to beat Changwon LG 86-85. Kim Nak-hyun scored 19 points, including five 3-pointers, and SK recorded its second straight win.