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Policy rate kept at 3.50–3.75% per year Median year-end policy rate held at 3.4% PCE inflation forecast raised to 2.7% Growth forecast also lifted from 2.3% to 2.4% With the U.S. central bank (Fed) holding its benchmark rate steady, it raised its inf
Preparing for a prolonged Middle East war Secures 112 days’ worth of crude with 2 billion barrels Built up reserves starting two months before the war Cuts exports of petroleum products and fertilizer inputs Worsens the global shortage of related raw
“200,000-won Samsung” and “1,000,000-won Hynix” return Up more than 5% on a semiconductor surge Samsung Electronics–SK Hynix weight tops 40% for first time Institutions net buy ₩2.5tn of the semiconductor top two Foreigners also flip back to net buyi
Big boost from rising U.S. Treasury yields Wall Street calls it a ‘strong buy’ Shares of stablecoin company Circle are rebounding sharply. After plunging 76% from last July through early last month and extending a months-long downtrend, the stock has
Mastercard, a global credit card and card payments giant, said on the 17th (local time) it will acquire stablecoin infrastructure startup BVNK for up to $1.8bn (about 2.7 trillion won). If the BVNK purchase is finalized, Mastercard will be able to di
KOSPI 200 futures prices jumped more than 5% intraday on the 18th, triggering a buy-side “sidecar” (a temporary suspension of the validity of program trading quotes) in the main KOSPI market. The Korea Exchange said in a disclosure that a buy-side si
[Breaking] Buy-sidecar triggered as KOSPI surges Park Subin, Hankyung.com reporter waterbean@hankyung.com
The KOSPI surged more than 3% intraday on the 18th, reclaiming the 5,800 level, as combined buying by foreign and institutional investors offset jitters over Middle East tensions. On expectations of strong results from U.S. memory bellwether Micron,
On the 18th, South Korean stocks are expected to open higher, supported by improving investor sentiment toward the semiconductor sector. While oil-price volatility stemming from tensions in the Middle East remains an overhang, signs of downside resil
Iran’s government has reportedly confirmed the death of Ali Larijani, secretary of the Supreme National Security Council (SNSC). According to major foreign media outlets on the 18th (local time), the SNSC said in a statement posted on its Telegram ch
International oil prices turned higher again, but the three major U.S. stock indexes in New York ended the session up. On the 17th (local time), at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 46.85 points (0.10%) from th
◆Wall Street edges higher despite oil’s rebound The three major U.S. stock indexes extended gains, posting modest rises even as international oil prices rebounded. In early trading today at the New York Stock Exchange, the Dow rose 0.1% from the prev
President Lee Jae-myung will chair a meeting titled the “Roundtable for Capital Market Stabilization and Normalization” at Cheong Wa Dae on the afternoon of the 18th, where he will discuss measures to stabilize the domestic capital market and improve
Joe Kent, director of the National Counterterrorism Center (NCTC) and an ardent supporter of US President Donald Trump, announced his resignation on the 17th (local time), saying he does not support a war with Iran. In a post on X (formerly Twitter)
U.S. President Donald Trump said on the 17th (local time) that North Atlantic Treaty Organization (NATO) member states that rejected a request to deploy troops to the Strait of Hormuz were “making a very foolish mistake.” Speaking at a bilateral meet
US SEC: “Bitcoin is a ‘digital commodity’… not a security” Han Kyung-woo, Hankyung.com reporter case@hankyung.com
March FOMC to be held March 17–18 (local time) 'Rate hold' seen as the base case "Cautious about rate cuts amid rising oil prices" The U.S. central bank, the Federal Reserve, will hold the March meeting of the Federal Open Market Committee (FOMC) on
Iraq’s oil output cut from 4.4 million barrels to 1.2 million after the war Also working to resume oil exports to Turkey Hong Kong-flagged vessel also transits the Strait of Hormuz on the day Iraq said it is in contact with Iran to ensure that tanker
S&P Financials sector index down 11% Fears of distress in the U.S. private credit market are fueling fund runs and a spike in short selling of financial stocks. Wealthy investors are estimated to have pulled more than $10 billion (about 14.9 trillion
Lee Soo-hyung, a member of the Bank of Korea’s Monetary Policy Board, assessed that although the won has remained under pressure since the recent war in the Middle East, it is not yet at a stage that warrants excessive concern. Speaking at a press br
Will the U.S.-China 'rapprochement mood' crack? China: “No harm in postponing the summit” Likely to expand influence in the Middle East and East Asia Analysts say President Donald Trump’s decision to postpone a U.S.-China summit could cool ties that
Stanley Druckenmiller, a legendary Wall Street investor, predicted that the U.S. dollar’s status as the world’s reserve currency could weaken over the long term. He said it is also possible that crypto assets such as Bitcoin and stablecoins could fil
China said it is in discussions with the United States regarding a request to postpone the schedule for a U.S.-China leaders’ summit. Lin Jian, a spokesperson for China’s Ministry of Foreign Affairs, said at a regular briefing on the 17th that “both
Payment gateway (PG) operator KG Inicis is moving to build payment infrastructure based on digital assets with global digital-asset platform Crypto.com. The aim is to broaden payment options for cross-border e-commerce, such as enabling overseas user
"U.S. tacitly allows Iranian tankers amid fears of an oil-price spike" Iran earns 210 billion won a day from crude exports Bessent: "We let Iranian ships sail out" A series of reports in U.S. and U.K. media suggest that Iran is exporting crude at lev
Asahi reports… Takaichi: "We are examining various options" The Japanese government has begun reviewing whether it can dispatch the Self-Defense Forces (SDF) to the Strait of Hormuz in response to a request from President Trump, the Asahi Shimbun rep
The KOSPI got off to a strong start, rising more than 2%. Expectations that a blockade of the Strait of Hormuz could be lifted, along with forecasts that demand strength for artificial intelligence (AI) semiconductors will persist at Nvidia’s annual
Major indexes in the New York stock market closed higher. Expectations that the closure of the Strait of Hormuz could be lifted helped push international oil prices back into decline. Adding to the gains, investor sentiment toward tech stocks improve
◆ Investor sentiment improves after hitting a 'year-to-date low' On the 16th (local time), all three major U.S. stock indexes in New York rebounded in tandem. The Dow Jones Industrial Average closed at 46,946.41, up 0.83% from the previous session; t