Morning Wide: Today's Major News (October 16, 2026)

1. KOSPI Plunges on 'Black Thursday'... Wall Street Rebounds

Triggered by U.S. inflation shocks and growing concerns over AI profitability, the KOSPI plummeted by more than 7.5% yesterday (October 15). Although the Nasdaq and S&P 500 indexes opened lower last night following a sharp 1.3% month-on-month surge in the U.S. Producer Price Index (PPI) for last month, they rebounded near the close to finish slightly higher.

2. Missile Attack on Yemen's Presidential Palace... Summit Postponed

Houthi rebels launched a missile attack on the Yemeni government's presidential palace. With continued attacks targeting Saudi Arabia, which supports the Yemeni government, the European Union has postponed its summit with Gulf nations.

3. "Carried 6.8 Million Won During Rampage"... Knife Threat Reported in Gwangju, South Jeolla Province

It has been revealed that the man in his 50s who went on a knife rampage in Incheon was carrying over 6 million won in cash at the time of the incident. Yesterday evening, a woman in her 50s was arrested by police after threatening a merchant with a weapon in Gwangju, South Jeolla Province.

4. Trump Says Execution by Firing Squad Will Not Be Broadcast Live... Concerns Over Midterm Election Backlash

U.S. President Trump stated that the execution by firing squad of the recently controversial U.S. military base shooter will not be broadcast live. The decision is seen as a move to prevent a public backlash ahead of the midterm elections.
※ Please note: This article was translated by AI and may contain errors.