TSMC's 2nm process capacity is in severe shortage, with orders scheduled beyond 2028.

On Friday, spot prices for certain varieties in the Malaysian palm oil market showed that most near-month contracts declined. Refined, bleached, and deodorized palm oil for October shipment was quoted at $1,132.50 per ton, down by $7.50. The November shipment was quoted at $1,140.00 per ton, down by $15.00. The December shipment was quoted at $1,165.00 per ton, down by $10.00. Shipments for January to March next year were quoted at $1,215.00 per ton, down by $2.50, while April to June next year were quoted at $1,270.00 per ton, up by $2.50. Shipments for July to September next year were quoted at $1,272.50 per ton, up by $5.00. Refined palm olein prices followed a similar trend, with October shipment at $1,137.50 per ton, down by $7.50, and November shipment at $1,145.00 per ton, down by $15.00. Refined palm stearin for October shipment was quoted at $1,090.00 per ton, down by $12.50. Palm fatty acid distillate for October shipment was at $1,040.00 per ton, down by $12.50. In southern Malaysia, crude palm oil for October delivery was quoted at 4,450.00 ringgit per ton, down by 10.00 ringgit; palm kernel oil was quoted at 387.00 ringgit per picul, up by 9.00 ringgit.

Citi has lowered Pepsi's (PEP.US) target price from $142 to $135.

Barclays has initiated coverage on SpaceX (SPCX.US) with an overweight rating and a target price of $254.

According to data from the Central Bank of Russia, in September, retail investments in Russian corporate bonds increased by approximately 158 billion rubles, with asset-backed securities accounting for nearly half of this amount. That month, the issuance scale of such securities reached a record high of about 479 billion rubles. Retail investors also continued allocating funds to money market exchange-traded funds. In contrast, stock purchases fell to their lowest level since January 2026. In the Russian market in September, stocks of oil and gas enterprises and IT companies were the most profitable. Over a 12-month period, corporate bonds, money market instruments, and ruble deposits generated the highest total returns. The focus going forward is whether the trend of retail funds favoring fixed income and money market instruments will continue, and if the sluggish stock buying will see a turnaround.