Will the latest U.S. inflation figures trigger another downturn in Asian stocks and Bitcoin? Regional equities recovered strongly during Tuesday’s trading session, but the rebound now faces uncertainty ahead of October’s Consumer Price Index (CPI) announcement. Expectations of moderating inflation have provided some optimism, while growing bets on a December Federal Reserve rate hike and legal action involving NVIDIA CEO Jensen Huang have kept investors on alert.

South Korea’s KOSPI advanced 4.5% during morning trading, supported by gains in Samsung Electronics and SK Hynix. Hong Kong’s Hang Seng Index also recorded an increase, while Singapore’s Straits Times Index followed the broader regional recovery. Bitcoin, meanwhile, remained below $75,000 as traders waited for the U.S. inflation figures.

The market’s immediate direction could depend on whether the CPI report confirms expectations of easing price pressures. A higher reading may revive fears of tighter monetary policy and put renewed pressure on risk assets. A softer result could instead strengthen the recovery in equities and cryptocurrencies.

Investors are now watching whether the latest rally can withstand another macroeconomic challenge or whether inflation concerns will trigger a fresh round of selling.

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Asian Stocks Await U.S. CPI as December Rate-Hike Bets Rise

The U.S. Bureau of Labor Statistics (BLS) is scheduled to release October’s inflation report at 8:30 a.m. ET on November 10. Economists expect headline CPI to increase 0.3% month over month, slowing from September’s 0.6% advance. Core CPI, which removes food and energy prices, is projected to rise 0.2%, compared with the previous month’s 0.3% increase.

The absence of October 2025 CPI figures complicates the annual comparison. Last year’s government shutdown prevented the BLS from collecting the required data and publishing the report. 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 data. Traders have recently placed the probability of a December hike between 84% and 85%. The Fed’s benchmark interest rate currently stands at 3.75%–4%.

If inflation exceeds forecasts, markets could interpret the result as evidence that price pressures remain persistent. This may push Treasury yields and the U.S. dollar higher, creating additional challenges for Asian equities.

Technology stocks could be particularly vulnerable because higher borrowing costs can weigh on valuations and future growth expectations.

South Korea’s KOSPI is among the regional benchmarks most exposed to semiconductor-sector developments. Samsung Electronics and SK Hynix are major participants in the global chip supply chain, making their shares sensitive to changes in artificial intelligence demand and investment activity.

Both companies contributed to Tuesday’s market recovery. Samsung shares climbed 5.1%, while SK Hynix advanced 6.8%.

Hong Kong’s Hang Seng Index could also experience increased volatility because of its significant exposure to technology and growth stocks. A shift toward safer investments could reverse some of the recent gains.

Singapore’s Straits Times Index offers a different exposure profile, with a stronger presence of financial institutions and dividend-paying companies. As a result, its performance may differ from technology-heavy markets if inflation concerns intensify.

A weaker CPI reading could have the opposite effect, reducing expectations for further monetary tightening and supporting additional gains across regional markets.

Bitcoin Remains Under $75,000 as ETF Withdrawals Increase Pressure

Bitcoin is approaching Tuesday’s inflation announcement with a fragile technical outlook. BTC is trading near $74,600, struggling to recover the $75,000 threshold.

The $73,000 region remains an important support area for the cryptocurrency. A decisive move below this level could expose Bitcoin to another decline toward $70,000.

Higher-than-expected inflation could accelerate the selling trend by increasing expectations of another Federal Reserve rate increase. Institutional demand has also weakened, adding to the pressure on the market.

U.S. spot Bitcoin exchange-traded funds recorded approximately $1.28 billion in net withdrawals last week, highlighting the recent decline in institutional appetite.

A softer inflation report could encourage buyers to return and trigger a relief rally. However, a temporary improvement in sentiment may not be sufficient to establish a sustained bullish reversal.

Bitcoin would likely need stronger ETF inflows, improved market liquidity, and renewed institutional demand to support a more durable recovery.

NVIDIA Lawsuit Adds to Uncertainty Across Asian Semiconductor Stocks

Alongside inflation concerns, NVIDIA is facing additional scrutiny following a proposed shareholder class-action lawsuit filed in California on Monday.

The lawsuit names the company and CEO Jensen Huang. Investor Mark Kistenmacher alleges that NVIDIA failed to properly disclose information about Huang’s alleged relationship with Alice Huang, a former executive at Singapore-based data center company Megaspeed.

According to the complaint, the alleged relationship raised potential reputational and national security concerns that could have influenced shareholder decisions.

NVIDIA’s board had previously announced an independent investigation into the allegations. The company had not immediately commented on the newly filed lawsuit.

The legal development came after NVIDIA shares dropped 4.3% on Monday, wiping approximately $190 billion from its market capitalization. The decline added pressure to the technology sector just as Asian semiconductor stocks were attempting to recover from last week’s sell-off.

NVIDIA occupies a central position in the artificial intelligence industry, making investor confidence in the company important for the wider semiconductor market.

Further uncertainty surrounding the chipmaker could raise questions about AI-related valuations, future investment spending, and the sustainability of the industry’s growth.

Asian semiconductor companies, particularly Samsung Electronics and SK Hynix, could face additional volatility if concerns about NVIDIA coincide with an unexpected increase in U.S. inflation.

Will October CPI Trigger Another Sell-Off?

The upcoming inflation announcement could determine whether the recovery across Asian equities and Bitcoin continues or loses momentum.

Investors will be watching core CPI, U.S. Treasury yields, and movements in the dollar to assess whether expectations for another Federal Reserve rate increase are justified.

A softer reading could ease monetary policy concerns, support technology stocks, and give Bitcoin an opportunity to recover above its recent trading range.

However, an inflation surprise on the upside could expose the fragility of the current rebound, particularly among semiconductor companies and other growth-oriented assets.

With NVIDIA-related uncertainty adding pressure to an already sensitive technology market, October’s CPI report could prove decisive for the near-term direction of Asian stocks and Bitcoin.