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Broadcom's AI Outlook Drags Down Tech Stocks Globally
BusinesscnbcYahoonaftemporiki+1seeking-alpha1d ago4 sources

Broadcom's AI Outlook Drags Down Tech Stocks Globally

Technology stocks, particularly in Asia and the Nasdaq, experienced a significant decline after Broadcom's earnings report and outlook for AI demand disappointed investors. This downturn contrasted with a rally in the Dow, which saw a 700-point increase.

South Korea Pledges Action as Won Weakens to 2009 Low
Financebloombergjapan-timesKorea Herald2d ago3 sources

South Korea Pledges Action as Won Weakens to 2009 Low

South Korea's Kospi index fell as the won sharply depreciated, nearing its 2009 low against the dollar. The government has pledged to take action to curb excessive volatility in the currency market.

Iran Condemns US Strikes Amidst Ceasefire Negotiations
WorldNYTAl Jazeeradr-dk+36cbcnosruvtagesschauberlingskeFrance 24vgdigi24+28 more10d ago39 sources

Iran Condemns US Strikes Amidst Ceasefire Negotiations

Iran has condemned new US strikes as a 'gross violation' of the ceasefire, accusing the US of bad faith during ongoing negotiations. Iran is also seeking the unblocking of $24 billion in frozen assets as part of a potential deal.

Trump Discusses Xi Talks, Geopolitical Issues After China Visit
PoliticsAPReutersBBC+122bloombergNYTFTle-mondewapoThe GuardianNPRAl Jazeera+114 more21d ago125 sources

Trump Discusses Xi Talks, Geopolitical Issues After China Visit

Following his interactions with Chinese President Xi Jinping, Donald Trump commented on a range of topics including trade deals, Iran's nuclear program, Taiwan arms sales, and the unlikely release of Hong Kong media mogul Jimmy Lai. He also reflected on the overall dynamic and potential for lifting sanctions related to Iranian oil.

Trump Agrees With Xi on US Decline During China Visit
WorldAPReutersBBC+58bloombergNYTFTwapoThe GuardianNPRAl JazeeraCNN+50 more22d ago61 sources

Trump Agrees With Xi on US Decline During China Visit

During his visit to China, former President Trump met with President Xi Jinping and controversially agreed with Xi's assessment of the United States as a 'declining nation,' attributing the decline to the Biden administration. The leaders also discussed potential trade deals and warnings regarding Taiwan.

Global Stocks Climb Amid US-China Summit
Worldyle-uutisetKorea Heraldseeking-alpha22d ago3 sources

Global Stocks Climb Amid US-China Summit

Global stock markets, including Wall Street and South Korea's Kospi, advanced significantly, with Kospi reaching a new peak, as traders awaited updates from a U.S.-China summit.

South Korean Vessel Struck by Unidentified Objects in Hormuz Strait
PoliticsbloombergAl JazeeraSCMP+3The IndependentKorea Heraldchannel-news-asia26d ago6 sources

South Korean Vessel Struck by Unidentified Objects in Hormuz Strait

A South Korean vessel in the Strait of Hormuz was confirmed to have been hit by 'unidentified flying objects' or an 'external strike.' Seoul is investigating the incident and considering how it might affect its stance on joining a US-led mission in the region.

Samsung Chip Profit Soars Nearly 50-Fold on Strong AI Demand
BusinessReutersbloombergwsj+17cnbcberlingskeSCMPder-standardhvgpolitikenobservadorhotnews+9 more1mo ago20 sources

Samsung Chip Profit Soars Nearly 50-Fold on Strong AI Demand

Samsung Electronics announced a nearly 50-fold increase in its chip profit, contributing to a record quarterly profit, largely fueled by surging global demand for AI chips. This trend is also impacting other memory chip makers like SK Hynix and Murata, who are reporting record supply shortages.

South Korea's Kospi Index Reaches New High
BusinessKorea Herald1mo ago

South Korea's Kospi Index Reaches New High

The South Korean benchmark Kospi index surged to a new high, topping 6,700 points during intraday trading and approaching the 7,000-point threshold. This extends its strong upward momentum.

Tim Cook to Step Down as Apple CEO, John Ternus Named Successor
BusinessAPReutersBBC+69bloombergNYTwsjFTle-mondeThe GuardianNPRnzz+61 more1mo ago72 sources

Tim Cook to Step Down as Apple CEO, John Ternus Named Successor

Apple CEO Tim Cook is set to step down from his position in September, with John Ternus announced as his successor. This leadership transition marks a new era for the tech giant, prompting discussions among analysts and investors about the company's future direction.

Global Markets Decline, Oil and Commodity Prices Surge Amid Middle East Tensions and Iran Escalation Fears
BusinessReutersbloombergwsj+82FTle-mondewapoThe GuardianNPRAl JazeeraCNNFox News+74 more2mo ago85 sources

Global Markets Decline, Oil and Commodity Prices Surge Amid Middle East Tensions and Iran Escalation Fears

European and world stock markets, including Asian equities, are experiencing downward trends for the fifth consecutive week due to intensifying Middle East conflict, which has also caused oil prices to surge towards $117 per barrel and led to a rebound in soybean and corn prices, further fueled by fears of escalation in Iran.

Time to buy Korean won: FX strategist
BusinessKorea Herald3mo ago

Time to buy Korean won: FX strategist

The Korean won is poised for a rebound, making the deeply undervalued currency an appealing bet for investors, particularly when paired against the overvalued Thai baht, according to a seasoned foreign exchange strategist. Before the US-Israeli strikes on Iran that rattled global markets earlier this month, the Korean equity market had been booming; the benchmark Kospi briefly topped the 6,300 level for the first time, roughly doubling from a year earlier. Despite the rally in stocks, the local

Kospi roars back after brutal two-day rout
BusinessKorea Herald3mo ago

Kospi roars back after brutal two-day rout

South Korean stocks staged a sharp rebound during trading Thursday, partially recovering from a two-day rout that rattled local markets. Buy-side sidecars were triggered on both the main and secondary bourses as a surge in buying pressure pushed prices sharply higher. The benchmark Kospi opened 3.09 percent higher at 5,250.92, compared with the previous session, according to the Korea Exchange. The index quickly extended its gains after the opening bell, touching an intraday high of 5,715.30 in

Seoul shares crash over 12 pct on Middle East conflict fears; won sharply down
WorldKorea Herald3mo ago

Seoul shares crash over 12 pct on Middle East conflict fears; won sharply down

Seoul shares plunged over 12 percent Wednesday to close below the 5,100-point mark amid growing concerns over the economic fallout from the Middle East conflict. The Korean won fell sharply against the U.S. dollar. The Korea Composite Stock Price Index extended its losses, tumbling 698.37 points, or 12.06 percent, to close at 5,093.54, following a plunge of over 7.24 percent the previous session. The Korea Exchange triggered circuit breakers shortly after the KOSPI fell more than 8 percent amid

Seoul stocks open at record high above 5,700 amid uncertainties
FinanceReutersbloombergwsj+4cnbcNHK WorldKorea Heraldseeking-alpha3mo ago7 sources

Seoul stocks open at record high above 5,700 amid uncertainties

South Korean stocks opened higher Friday despite overnight losses on Wall Street caused by increased geopolitical risks and market uncertainties. The benchmark Korea Composite Stock Price Index added

Goldman Sachs Predicts Further Gains for South Korean Stock Market
Businesscnbcmarketwatchnaftemporiki+1seeking-alpha3d ago4 sources

Goldman Sachs Predicts Further Gains for South Korean Stock Market

Goldman Sachs forecasts an additional 35-40% upside for South Korea's Kospi index, which has already seen a significant surge this year. This prediction comes amidst a strong performance in the global stock market, with some markets doubling in value.

US and Iran Reportedly Agree to Ceasefire Framework, Awaiting Trump's Approval
WorldAPBBCNYT+82FTwapoThe GuardianNPRAl JazeeraCNNFox Newsnzz+74 more8d ago85 sources

US and Iran Reportedly Agree to Ceasefire Framework, Awaiting Trump's Approval

Reports indicate that the United States and Iran have reached a framework agreement for a 60-day ceasefire, potentially involving the reopening of the Strait of Hormuz, but the deal is awaiting final approval from President Trump. While some sources confirm a memorandum of understanding, Tehran has denied the reports, and traders remain skeptical about a broader nuclear deal this year.

SK Hynix and Micron Join $1 Trillion Valuation Club Amid AI Boom
BusinessReutersBBCbloomberg+13cnbcder-standardrzeczpospolitamarketwatchforbesYahoohotnewsindian-express+5 more10d ago16 sources

SK Hynix and Micron Join $1 Trillion Valuation Club Amid AI Boom

Memory chipmakers SK Hynix and Micron Technology have both reached a market valuation of $1 trillion, driven by surging demand for their products due to the artificial intelligence boom. SK Hynix's shares have seen significant growth, making it the third Asian company to achieve this milestone, with its market cap hitting $1 trillion.

Worldkorea-joongangJakarta Post11d ago2 sources

Global Markets React to US Strikes and Peace Deal Optimism

Global stock markets are showing mixed reactions, with oil prices rising, as new US strikes dampen optimism for a US-Iran peace agreement. The Kospi, however, topped 8,000 on initial hopes for a peace deal, indicating fluctuating market sentiment.

JP Morgan: Kospi Rally Extends Beyond Samsung and SK Hynix
BusinessKorea Herald12d ago

JP Morgan: Kospi Rally Extends Beyond Samsung and SK Hynix

JPMorgan Chase & Co. Asia equity and quant strategist Mixo Das stated that South Korea's Kospi stock rally has further room to grow. The rally is supported by the artificial intelligence-driven memory cycle, earnings upgrades, and governance reforms, extending beyond major players like Samsung and SK Hynix.

Samsung Averts Strike with Last-Minute Union Deal, Boosts Stocks
TechnologyBBCbloombergFT+9cnbctagesschaufazmarketwatchhotnewsjutarnji-listjapan-timesKorea Herald+1 more16d ago12 sources

Samsung Averts Strike with Last-Minute Union Deal, Boosts Stocks

Samsung Electronics reached a last-minute agreement with its union, averting a planned strike over wage disputes and bonus payments. This tentative deal led to a surge in Korean stock markets.

Samsung, Union Hold Urgent Talks to Avert Strike Amid Court Ruling
BusinessReutersFTcnbc+8SCMPnikkei-asiahotnewsstraits-timesjapan-timesKorea Heraldseeking-alphaDaily Maverick19d ago11 sources

Samsung, Union Hold Urgent Talks to Avert Strike Amid Court Ruling

Samsung Electronics and its union are holding urgent negotiations to prevent a major strike over wage and bonus disputes, which could significantly impact global semiconductor supply chains. These talks are taking place as a court has issued a partial injunction limiting the union's planned walkout.

Kospi Reaches Historic 8,000 Points, Then Tumbles
FinancebloombergKorea Herald22d ago2 sources

Kospi Reaches Historic 8,000 Points, Then Tumbles

The Korean Kospi stock index briefly surpassed the historic 8,000-point mark for the first time ever before experiencing a sharp decline. Foreign selling was noted as a factor in the subsequent market rout.

South Korea AI Dividend Proposal Roils Market
BusinessYahoojapan-timesKorea Herald24d ago3 sources

South Korea AI Dividend Proposal Roils Market

South Korean officials' suggestion of a "citizen dividend" funded by future AI gains caused significant market volatility, leading to a retreat in the Kospi index. The proposal sparked concerns and prompted a notable reaction in the stock market.

Global Markets Show Strong Performance Amid Inflation Concerns
BusinesscnbcNHK WorldYahoo+1Korea Herald25d ago4 sources

Global Markets Show Strong Performance Amid Inflation Concerns

Stock markets in various regions, including the US and Korea, are reporting strong performance and record highs, while corporate profits are robust. This positive trend comes as an upcoming inflation reading is expected to show prices at a nearly three-year high.

Samsung Electronics Hits $1 Trillion Market Cap on AI Chip Demand
BusinessbloombergFTcnbc+17berlingskele-figaroSCMPder-standardFrance 24orfrzeczpospolitatvn24+9 more1mo ago20 sources

Samsung Electronics Hits $1 Trillion Market Cap on AI Chip Demand

Samsung Electronics has achieved a $1 trillion market capitalization, becoming one of the few non-US companies to reach this milestone, largely fueled by the surging demand for AI chips.

Asian Stocks Rebound Amid Focus on Iran Peace Talks
FinanceKorea Heraldchannel-news-asia1mo ago2 sources

Asian Stocks Rebound Amid Focus on Iran Peace Talks

Asian stock markets experienced a rebound, with the Kospi index surpassing its pre-war peak, as investors focused on potential peace talks involving Iran and easing regional tensions.

European Leaders Discuss NATO Alternatives Amid US Uncertainty
FinanceAPReutersBBC+82bloombergwsjwapoThe GuardianNPRAl JazeeraCNNFox News+74 more1mo ago85 sources

European Leaders Discuss NATO Alternatives Amid US Uncertainty

European leaders are reportedly discussing alternative plans for defense and security, including a separate joint European army, in case the United States withdraws from NATO under a potential future Trump administration.

Oil Prices Fall as Trump Predicts End to Iran Conflict in Weeks
WorldAPReutersbloomberg+61wsjThe GuardianNPRAl JazeeraCNNdr-dkyle-uutisetcbc+53 more2mo ago64 sources

Oil Prices Fall as Trump Predicts End to Iran Conflict in Weeks

President Donald Trump has stated that the US will conclude its attacks on Iran within two to three weeks, regardless of a deal, and emphasized that securing the Strait of Hormuz is not America's responsibility. This optimism has led to Brent oil prices falling below $100, though analysts warn that normalizing oil flows could take weeks even after a conflict resolution.

South Korea and Japan bear brunt of global stock sell-offs amid oil shock
BusinessSCMP2mo ago

South Korea and Japan bear brunt of global stock sell-offs amid oil shock

South Korea and Japan have led declines in global stock markets amid the oil shock, underscoring how supply disruptions in the Middle East are weighing on growth in economies heavily reliant on fuel imports. The Kospi index in Seoul has slumped 12 per cent since the US-Israel war with Iran broke out on February 28, while Tokyo’s Nikkei 225 has slid nearly 9 per cent. South Korea last week moved to cap oil price increases to limit inflation, while rising crude costs added to price pressures in...

Karnage: Korea Kospi Suffers Biggest Crash In History - Is It A Buying Opportunity?
Financemarketwatchzerohedge3mo ago2 sources

Karnage: Korea Kospi Suffers Biggest Crash In History - Is It A Buying Opportunity?

Karnage: Korea Kospi Suffers Biggest Crash In History - Is It A Buying Opportunity? Yesterday we discussed the dramatic move in Korean stocks, which saw the Kospi tumble by 7.4%, its biggest drop since the August 2024 carry trade unwind, and which put a dramatic halt to the historic meltup in the country's stock market driven almost entirely by memory (Samsung and SK Hynix) and semiconductor stocks. However, as we noted earlier this week when we pointed out the unprecedented pi...

K bank reaches Kospi after long, bumpy IPO journey
FinanceKorea Herald3mo ago

K bank reaches Kospi after long, bumpy IPO journey

The market has proved no easy battlefield for K bank, Korea’s first online-only lender, as it finally completed a long and bumpy journey to the Kospi on Thursday, following two failed attempts to go public. The debut drew a strong reception, with the stock surging as much as 16 percent to 9,880 won ($6.70) in the first hour of trading, well above its initial public offering price of 8,300 won. K bank sold 60 million shares in the IPO, raising about 498 billion won and valuing the lender at rough

South Korean stock market plunges over potential Iran-related energy crisis
BusinessbloombergFrance 243mo ago2 sources

South Korean stock market plunges over potential Iran-related energy crisis

In a shock for South Korea, the country's KOSPI index dropped by over 12 percent Wednesday in its worst sell off ever. Share prices took a dive as investors panicked about a potential energy crisis if the Strait of Hormuz remains blocked. South Korea, alongside many Asian countries, is especially dependent on Middle Eastern oil, making its businesses vulnerable to the geopolitics of the region.

Kakao Pay surges as Circle earnings fuel stablecoin rally
FinanceKorea Herald3mo ago

Kakao Pay surges as Circle earnings fuel stablecoin rally

Kakao Pay, the payments arm of Kakao Corp., surged on Thursday after the USDC issuer Circle delivered an overnight earnings surprise that rippled through stablecoin-linked shares in Seoul. The stock climbed as much as 14 percent to 73,300 won ($51.38) in morning trading on the Kospi before retreating to below 70,000 won by the afternoon. The rally came as Kakao Pay, viewed as one of the leading players in Korea’s emerging stablecoin sector, tracks Circle’s roughly 35 percent jump in New York ove

Seoul stocks open higher, briefly topping 6,000 on tech rally
FinancebloombergwsjKorea Herald+1yonhap-english3mo ago4 sources

Seoul stocks open higher, briefly topping 6,000 on tech rally

Seoul shares opened higher Wednesday, briefly breaching a new historic landmark of 6,000 amid an extended rally in technology stocks. The benchmark Korea Composite Stock Price Index rose 26.73 points, or 0.45 percent, to 5,996.37 in the first 15 minutes of trading. Shortly after the opening bell, the KOSPI briefly breached the 6,000-point mark, just one month after landing in the 5,000-point territory. Overnight, the Dow Jones Industrial Average rose 0.76 percent, while the tech-heavy Nasdaq com

SpaceX IPO Pitched to Investors, Blocked from Early S&P 500 Entry
BusinessbloombergNYTThe Guardian+19nzzcnbcmarketwatchBusiness Insiderdennik-nhvgYahoocapital-bg+11 more1d ago22 sources

SpaceX IPO Pitched to Investors, Blocked from Early S&P 500 Entry

JPMorgan's Jamie Dimon and other Wall Street giants are pitching SpaceX's upcoming IPO to ultra-rich clients, with Elon Musk speaking at pre-IPO investor events. However, SpaceX has been blocked from early entry into the S&P 500 index, as S&P Global reaffirmed its existing rules.

South Korea's crypto market slows as Kospi soars
BusinessKorea Herald5d ago

South Korea's crypto market slows as Kospi soars

South Korea's cryptocurrency market has experienced a slowdown, with trading volumes sharply declining as investors shift funds from digital assets to equities amid the benchmark Kospi's record-breaking rally.

US-Iran Strikes Escalate Tensions, Impact Global Markets
WorldwsjThe GuardianNPR+13fazdelfi-ltcyprus-maildanasiefimeridaKorea Heraldchannel-news-asiaJakarta Post+5 more8d ago16 sources

US-Iran Strikes Escalate Tensions, Impact Global Markets

The United States and Iran exchanged air strikes, leading to increased geopolitical tensions, a slump in Bitcoin prices, a rise in oil prices, and caution among investors in global markets.

US Launches New Strikes on Iran Amid Peace Talks, Oil Prices Rise
WorldAPReutersBBC+108bloombergNYTFTle-mondewapoThe GuardianNPRAl Jazeera+100 more11d ago111 sources

US Launches New Strikes on Iran Amid Peace Talks, Oil Prices Rise

The United States launched new strikes on Iranian missile sites and boats near the Strait of Hormuz, claiming self-defense, which led to a rise in global oil prices and threats from Iran. These attacks occurred amidst ongoing peace negotiations, with some officials suggesting a deal could be reached soon.

KOSPI Daily Turnover Reaches Record High Amid Stock Rally
BusinessKorea Heraldyonhap-english12d ago2 sources

KOSPI Daily Turnover Reaches Record High Amid Stock Rally

The KOSPI's daily turnover has exceeded 40 trillion won for the first time, driven by a strong stock rally. Despite this, foreign investors have reportedly dumped 10 trillion won in Samsung Electronics and SK Hynix stocks last week.

Kospi fades below 7,600 after morning highs
FinanceKorea Herald22d ago

Kospi fades below 7,600 after morning highs

Seoul's benchmark Kospi quickly reversed course Friday after briefly crossing the historic 8,000 mark, falling below 7,600 as foreign investors deepened profit-taking in chip stocks.

Senate Confirms Kevin Warsh to Federal Reserve Board
WorldBBCbloombergNYT+61FTwapoThe GuardianNPRAl Jazeeradr-dkFox Newsyle-uutiset+53 more24d ago64 sources

Senate Confirms Kevin Warsh to Federal Reserve Board

The U.S. Senate confirmed Kevin Warsh, a pick by President Trump, to the Federal Reserve Board of Governors in a close vote. His confirmation positions him as a potential candidate for the Fed chair.

South Korea's Market Reacts to Proposed AI Tax and Citizen Dividend
Technologyzerohedge25d ago

South Korea's Market Reacts to Proposed AI Tax and Citizen Dividend

South Korea's benchmark Kospi index experienced a significant drop after an influential policy adviser floated the idea of a 'citizen dividend' from AI gains, later clarifying that the proposal involved tapping into 'excess tax revenue' generated by the AI boom. The market reaction was also sparked by threats of an 'AI tax' on profits.

Iran Celebrates US Pause of Hormuz Escorts
PoliticsBBCbloombergNYT+84FTwapoThe GuardianNPRAl JazeeraFox Newsnrknzz+76 more1mo ago87 sources

Iran Celebrates US Pause of Hormuz Escorts

Following President Trump's decision to pause US naval escorts in the Strait of Hormuz, Tehran celebrated the move as a victory, while Iran's foreign ministry reiterated its demand for a fair and comprehensive agreement to resolve the Gulf conflict.

Kospi Breaks 7,000 Amid Short Selling Concerns
FinanceKorea Herald1mo ago

Kospi Breaks 7,000 Amid Short Selling Concerns

South Korea's Kospi index surpassed the 7,000-point mark for the first time, but concerns are rising due to a surge in short selling and leveraged bets. Fears of a sharp reversal are growing despite the milestone.

Anthropic Forms $1.5 Billion AI Joint Venture with Blackstone, Goldman Sachs
TechnologyAPReutersbloomberg+10wsjFTcnbcglobe-and-mailBusiness InsiderYahoochannel-news-asiayonhap-english+2 more1mo ago13 sources

Anthropic Forms $1.5 Billion AI Joint Venture with Blackstone, Goldman Sachs

AI company Anthropic has launched a $1.5 billion enterprise AI firm in partnership with major Wall Street backers including Blackstone and Goldman Sachs. The new venture aims to provide AI services to businesses, dubbed by some as the "McKinsey of AI."

Donald Trump's Recent Public Statements and Policy Initiatives
PoliticsAPReutersBBC+114bloombergNYTwsjFTle-mondewapoThe GuardianNPR+106 more1mo ago117 sources

Donald Trump's Recent Public Statements and Policy Initiatives

Donald Trump has recently made various public statements, including announcing plans to release UFO files and mocking the NASA chief, while also proposing new retirement plans and being nominated for the Nobel Peace Prize. These actions and remarks have drawn international attention and domestic discussion.

Nikkei and KOSPI Stock Indexes Reach Record Highs
FinanceKorea Heraldmainichi-englishyonhap-english1mo ago3 sources

Nikkei and KOSPI Stock Indexes Reach Record Highs

Japan's Nikkei index and South Korea's KOSPI index both closed at record highs, driven by factors such as tech gains and strong earnings prospects. The KOSPI notably surpassed 6,400 for the first time.

Peter Magyar Pledges Hungarian State Media Reform
PoliticsAPReutersBBC+126bloombergNYTwsjFTle-mondewapoThe GuardianAl Jazeera+118 more1mo ago129 sources

Peter Magyar Pledges Hungarian State Media Reform

Hungarian opposition figure Peter Magyar announced plans to suspend state television and radio broadcasts, promising to reform public media to ensure press freedom and truth for Hungarians. This pledge comes amidst political discussions involving figures like Donald Trump and Serbian President Vučić regarding Hungarian politics.

International Efforts Intensify to Reopen Hormuz Strait Amid Iran's Assertions of Control
Worldle-mondeNPRAl Jazeera+13aftonbladetDWsvenska-dagbladetirozhlasrzeczpospolitadigi24n1-serbiaKorea Herald+5 more2mo ago16 sources

International Efforts Intensify to Reopen Hormuz Strait Amid Iran's Assertions of Control

Poland, South Korea, and France are actively participating in or agreeing to join UK-led discussions and efforts aimed at reopening the Strait of Hormuz for shipping, with over 40 countries now meeting virtually to discuss ways to ensure shipping in the critical waterway. Montenegro's Foreign Ministry also condemned Iran's actions in the Strait as a threat to global stability, while Iran asserts its intent to gain permanent leverage over the Middle East through control of the strategic waterway.

Oil Prices Rise Amid Iran Attacks, Traders Bet on $100+ WTI, $200 Oil Warning
BusinessAPbloombergThe Guardian+17cnbctagesschaumarketwatchBusiness Insidern1-serbiaYahooTimes of Indiahindustan-times+9 more2mo ago20 sources

Oil Prices Rise Amid Iran Attacks, Traders Bet on $100+ WTI, $200 Oil Warning

US markets are solidly higher as oil trades around $100, with Iran attacking more Gulf targets. Traders are increasingly nervous about warnings of oil prices potentially soaring to $200 per barrel as the Iran conflict continues, with many betting on WTI reaching $100+ by Friday.

Kospi tumbles over 8%, triggers circuit breaker
BusinessKorea Herald2mo ago

Kospi tumbles over 8%, triggers circuit breaker

South Korea’s benchmark Kospi tumbled over 8 percent in trading Monday, prompting the activation of a circuit breaker, a 20-minute suspension on trading to curb excessive volatility. The Korea Exchange activated a circuit breaker on the Kospi at around 10:31 a.m., after the index fell more than 8 percent in the course of just over a minute. It was the second activation of a circuit breaker on the main bourse this year. At the time of the activation, the Kospi stood at 5,132.07 points, shedding 8

Nomura becomes first to target Kospi at 8,000
FinanceKorea Herald3mo ago

Nomura becomes first to target Kospi at 8,000

Nomura became the first brokerage to project the Kospi at 8,000 in the first half of the year, setting a new high-water mark for targets as South Korea’s benchmark extends a record-breaking rally. Nomura Financial Investment, the Seoul unit of Japan’s Nomura Holdings, raised its first-half outlook to 7,500 in a base case and 8,000 in a bull case in a report released Monday. From the current 5,900 level, that implies potential gains of roughly 27 percent to 36 percent over the next four months. C