CNBC Daily Open: Treasury yields are making a return, like an uninvited ex

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Yields continue weighing on stocks
U.S. stocks slumped Wednesday as Treasury yields continued rising. Megacaps such as Apple, Nvidia and Meta slid more than 2%. On Thursday, Asia-Pacific markets mostly followed Wall Street downwards. South Korea's Kospi index lost around 0.7% as the country reported a 0.1% quarterly growth for its GDP, narrowly avoiding a technical recession.

Tesla beats earnings forecast
Tesla shares jumped 12% in extended trading after the company's third-quarter earnings beat Wall Street estimates. However, Tesla's revenue for that period, up 8% year on year, marginally missed expectations. "Vehicle growth" will hit up to 30% next year, said CEO Elon Musk, thanks to "lower cost vehicles" and the "advent of autonomy."

Record profit for SK Hynix
SK Hynix reported a record profit of 7.03 trillion won ($5.08 billion) for its third quarter, beating LSEG estimates. Quarterly revenue for the South Korean chipmaker jumped 94% year over year, though it still came in slightly below expectations. SK Hynix is one of the world's largest manufacturers of memory chips and is a key supplier to Nvidia.

Potential Chinese tie-ups for Apple Intelligence
On Wednesday, Apple CEO Tim Cook met China's Minister of Industry and Information Technology Jin Zhuanglong in the country, according to a ministry statement. "The company could be looking to shore up collaboration with local players to launch Apple Intelligence in China," said Ivan Lam, senior research analyst for Counterpoint Research. 

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