Netanyahu's bloc leads Israel's partial count short of a majority; Kospi jumps 6.63%

Key figure: 10-year Treasury par yield, Oct. 27: 4.99%, −1 bp vs. Oct. 26. Source: U.S. Treasury.

Key points

• Netanyahu’s bloc has 54 seats and Eisenkot’s 48 with 72.4% counted, per the Times of Israel.[1][2][3]
• SK hynix posted a record 83.33 trillion won operating profit; the Kospi rose 6.63%.[4][5][6][7]
• Brent futures rose 1.8% after the Houthis said they hit a Saudi refinery, per Reuters.[8][9]
• The Fed decides at 2 p.m. ET; Nasdaq-100 futures were up 0.5% at 3:52 a.m., per CNBC.[10][11]

Netanyahu's bloc leads Israel's count but is short of 61 seats

Macroeconomics & Policy

With 72.4% of ballot boxes counted at 10:03 a.m. Israel time, partial Central Elections Committee results gave Benjamin Netanyahu’s bloc 54 seats, Gadi Eisenkot’s 48 and Arab parties 18, the Times of Israel reported; Ynet’s tally showed the same split.[1][2][3] Soldiers’ ballots are counted later.[1]

Why it matters: Neither bloc has a majority on its own, and several opposition party leaders have pledged not to partner with Arab-led parties, the Times of Israel said.[2]

SK hynix posts a record quarter; the Kospi closes above 6,000

AI & Technology

SK hynix reported record third-quarter revenue of 104.62 trillion won and operating profit of 83.33 trillion won, with about 100 trillion won in 2026 shareholder returns.[4][5] Its shares rose 10.89% and the Kospi 6.63% to 6,012.44, Yonhap and the Asia Business Daily reported.[6][7]

Why it matters: A Yuanta Securities analyst said the results eased concerns about the sustainability of the AI-driven rally, Yonhap reported.[6]

Oil rises after the Houthis say they hit Saudi Arabia's largest refinery

Markets & Finance

Brent futures rose $2.02, or 1.8%, on Wednesday to $115.90 a barrel at 3:35 a.m. ET, Reuters reported, after Yemen’s Houthis said they struck the 550,000 barrel-per-day Ras Tanura refinery.[8][9] Saudi authorities did not immediately confirm the strike, Reuters said.[8]

Why it matters: ING strategists told Reuters the market is still pricing a greater likelihood of re-escalation in the region.[8]

The Fed decides at 2 p.m. ET; Nasdaq futures edge up

Macroeconomics & Policy

Nasdaq-100 futures were up 0.5% and Dow futures down 0.2% at 3:52 a.m. ET, per CNBC; the Nasdaq Composite rose 1.18% at Tuesday’s 4 p.m. ET close, TipRanks said.[10][11] The 2-year Treasury par yield was 4.70% on Oct. 27, per Treasury.[12]

Why it matters: A hold is widely expected, CNBC said, so Chair Kevin Warsh’s comments on further hikes are the main read.[10]

Chart: New Street.

Exhibit 2. The 2-year par yield rose 2 bp Oct. 27 as longer tenors slipped Treasury par yields in %; change vs. Oct. 26

Measure (date, source)	Level	Chg
3-month Treasury par yield, Oct. 27, per Treasury	4.22%	0 bp
2-year Treasury par yield, Oct. 27, per Treasury	4.70%	▲ +2 bp
5-year Treasury par yield, Oct. 27, per Treasury	4.82%	▼ −2 bp
10-year Treasury par yield, Oct. 27, per Treasury	4.99%	▼ −1 bp
30-year Treasury par yield, Oct. 27, per Treasury	5.30%	▼ −1 bp

Source: U.S. Treasury. Table: New Street.

Notes

• Accessed Oct. 28, 2026, 4:00 to 4:45 a.m. ET.