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The Bank of Korea’s Monetary Policy Board held its benchmark interest rate at 2.50% on April 10. The decision underscores the central bank’s limited room to maneuver as the war with Iran, which began in late February, fuels volatility in the exchange
The Kospi advanced after foreign investors turned net buyers of both stocks and futures. As of 10:15 a.m. on April 10, the Kospi was trading at 5,901.14, up 123.13 points, or 2.13%, from the previous session. The index climbed as high as 5,898.87 ear
U.S. stocks closed higher on March 9 as investors took comfort from signs that Israel may join ceasefire negotiations related to the Middle East conflict. On the New York Stock Exchange, the Dow Jones Industrial Average rose 275.88 points, or 0.58%,
International oil prices rose modestly on June 9 as tensions in the Middle East persisted despite a two-week ceasefire agreement between the US and Iran. Brent crude for June delivery settled at $95.92 a barrel on the ICE Futures Europe exchange in L
Trump threats fail to shake stocks as Wall Street reads his ‘madman strategy’ Investors adapt to the TACO pattern US stocks rise despite hard-line rhetoric Some warn market discipline on policy is weakening At 8 a.m. on June 7, President Donald Trump
Netanyahu’s Unilateral Airstrikes No Penalty Even When Israel Acts Without Consent “US Has Lost Control of Israel” Hundreds of Millions of Dollars in Lobbying Shape Washington Many of Wall Street’s Biggest Players Are Jewish Israel has emerged as a w
Morgan Stanley has launched the first spot Bitcoin exchange-traded fund offered by a US investment bank. Morgan Stanley said the Morgan Stanley Bitcoin Trust, or MSBT, began trading on Aug. 8. More than 1.6 million shares changed hands during its fir
Iran to Seek Bitcoin for Strait of Hormuz Transit Fees Yuan, Alternative Payment Networks Gain Ground The war involving Iran is adding to criticism that the US strategy of weaponizing the dollar is losing effectiveness. The spread of alternative paym
Hot Pick! Overseas Stocks AST SpaceMobile Up 375% in a Year Direct-to-Smartphone Links Without Extra Devices 95% Vertical Integration in Components Is a Key Strength In-House Chip Boosts High-Speed Data Processing Revenue Has Soared, but Commercializ
Oil prices resumed their climb as a ceasefire agreement between the US and Iran showed signs of fraying. Bloomberg reported that as of 3:46 p.m. on July 9, Brent crude futures, the international benchmark, were up 2.31% from the previous close at $96
President Donald Trump has declared "total victory" after agreeing to a two-week truce with Iran, but some aides worry that assessment is premature, the Wall Street Journal reported on Aug. 8. The Journal said Trump was recently briefed on Iran’s rem
Zelenskiy Questions Trump’s Trust in Putin Ukrainian President Volodymyr Zelenskiy criticized the US for ignoring what he described as evidence of Russian support for Iran. Zelenskiy said in a podcast interview that Iran had Russian backing when it a
President Lee Jae-myung said bombing in the Middle East was continuing despite a ceasefire, making it difficult to predict when the situation would be brought under control. Park Su-bin, Hankyung.com reporter waterbean@hankyung.com
Transit fees to be paid in cryptocurrency or Chinese yuan Fears grow over pressure on oil supply chains and prices Iran continues to control the Strait of Hormuz, one of the world’s most important energy shipping lanes, even after a ceasefire agreeme
Echoes support for Trump’s war and cites North Korea “Once a country gets nuclear weapons, negotiations are no longer possible” NATO Secretary-General Mark Rutte said he understands President Donald Trump’s frustration with alliance members, but said
March FOMC minutes show officials split over whether the next move could be a rate hike or cut Most participants said a prolonged war could weaken the labor market and strengthen the case for rate cuts Others said rising energy prices could add to in
Won Opens Lower Against Dollar as Foreigners Sell South Korea’s Kospi fell more than 1% in early trading as investors turned cautious on reports that the Strait of Hormuz had been blocked again. As of 9:01 a.m. on July 9, the Kospi was down 1.01% fro
Supply chains may take one to two months to stabilize even after a ceasefire Repairs to damaged oil infrastructure are also expected to be slow Any drop in crude prices will take time to reach the pump A ceasefire with Iran has offered temporary reli
Iran limits Strait of Hormuz traffic to about 12 vessels a day Passage-fee plan relayed through mediators Some payments demanded in yuan or cryptocurrency Iran is tightening control over the Strait of Hormuz despite a ceasefire, raising tensions in g
Trump repeatedly shifts from hard-line rhetoric to de-escalation Investors buy market dips on bets Trump will eventually pull back Wall Street is increasingly treating President Donald Trump’s brinkmanship as a recognizable pattern and building tradi
“A full agreement on Strait of Hormuz transit is still needed” “Raw-material exposure is highest for refined petroleum products, autos, metals, electrical equipment and chemicals” A two-week ceasefire between the U.S. and Iran has improved sentiment
Relief over a ceasefire between the U.S. and Iran is spreading through markets, boosting expectations that the Kospi can extend its rally. Conflicting statements from Washington and Tehran over the terms of the truce, however, are fueling concerns th
Trump Says He Is Weighing a Two-Week Truce if Iran Agrees to Safe Opening of Strait of Hormuz Iran warned on June 7 that ships near the Strait of Hormuz would be destroyed unless they received transit clearance from the naval arm of the Islamic Revol
Iranian trade group spokesman says fee is $1 a barrel Only three ships passed on first day of ceasefire Iranian media says strait has been fully shut again Iran plans to collect transit fees in cryptocurrency from tankers passing through the Strait o
Iran has unveiled an alternative route to the Strait of Hormuz to avoid the potential risk of naval mines, Iranian media reported. Park Su-bin, Hankyung.com reporter waterbean@hankyung.com
WSJ says move would punish allies that did not support a Hormuz deployment About 84,000 US troops in Europe could be affected South Korea seen at risk of trade and security fallout The Trump administration is considering moving US troops out of NATO
U.S. stocks rallied on July 8 as a ceasefire agreement between the U.S. and Iran boosted risk appetite, while oil prices tumbled. The Dow Jones Industrial Average rose 1,325.46 points, or 2.85%, to 47,909.92 at the close on the New York Stock Exchang
Stocks rally despite lingering tensions after ceasefire deal The three major U.S. stock indexes surged in their first trading session after the United States and Iran agreed to a two-week ceasefire. Tensions remained elevated, with Israel striking Le