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U.S. President Donald Trump said on the 16th (local time) that he had asked China to postpone the U.S.-China summit. Trump had planned to visit China from the 31st of this month through the 2nd of next month to meet with Chinese President Xi Jinping.
China’s trade envoy said that in trade talks with the United States, the two sides discussed establishing a working-level mechanism to promote bilateral trade and investment cooperation, as well as the U.S. “Section 301 investigation” issue. Accordin
First intraday breach of 1,500 won since the 2009 financial crisis Fears of “S-panic” as global oil prices jump Dollar gains on safe-haven demand Authorities watch without separate market intervention “Further gains would only drain FX reserves” Incl
Calls for participation in 'Hormuz escort'…Hints at postponing a summit with China Japan, the U.K. and others in 'cautious mode' despite U.S. request China criticizes: 'Set the fire, then pass on the bill' Iran seeks to drive a wedge between the U.S.
Yen weakness seen continuing Boosting carry-trade incentives As the yen continues to weaken in global FX markets, the “yen carry trade”—borrowing the low-yielding yen to invest in higher-yielding currencies such as the U.S. dollar—is gaining renewed
“China gets 90% of its oil through Hormuz… it should help” Warns NATO, too: “Bad impact in the future” U.S. President Donald Trump is repeatedly pressuring China to cooperate in securing safety in the Strait of Hormuz. He is also raising the pressure
Japan ahead of U.S.-Japan summit Weighs dispatch amid cautious stance Japanese Prime Minister Sanae Takaichi said on the 16th, regarding a U.S. request for Japan to dispatch warships to the Strait of Hormuz, that “the government of Japan is currently
U.S. President Donald Trump said he would "remember" whether countries take part, as he urged seven nations to join a coalition to escort oil tankers through the Strait of Hormuz and prepare for a potential attack on Iran. Trump made the remarks aboa
Release of 15 days’ worth of private-sector reserves Followed by one month of state reserves About 20% of Japan’s stockpiles The Japanese government began releasing oil reserves on the 16th as tensions involving Iran worsened. It marks the first such
Trump declines to answer on aims of Iran war or when it will end Allies confused, each looks for its own way out Unofficial diplomatic channels with Iran activated "Trump may unilaterally declare victory and end the war" As the U.S. and Israel’s atta
As the United States struck Iran’s crude-export hub, Kharg Island, global oil prices climbed, pushing West Texas Intermediate (WTI) above $100 as well. WTI topping $100 marks the first time since 2022, when Russia invaded Ukraine. According to CNBC a
The UK said it is “considering all options” after receiving a request from U.S. President Donald Trump to send warships to the Strait of Hormuz. Energy Security Secretary Ed Miliband said in an appearance on the BBC on the 15th (local time) that safe
Agreement reached at South Korea–Japan finance ministers’ meeting To discuss currency swaps and more Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol said the government will review joint action on exchange rates with Japan’s f
Expected to stay at 0.75% per year, following January A view has emerged that the Bank of Japan will keep its policy rate unchanged this month. With the situation in the Middle East deteriorating, it is expected to first assess how a surge in energy
Spillovers from the Middle East crisis pushed the average won-dollar exchange rate this month above 1,475 won for the first time since the 1997 Asian financial crisis. If sources of anxiety—such as a further rise in international oil prices—persist,
Weekly ETF returns KODEX WTI Crude Oil Futures Up 20%, top performer No. 3–5 are nuclear-related products Big money piles into KOSDAQ active ETFs As the Strait of Hormuz was effectively blockaded, sending oil prices surging to extreme highs, exchange
Number of transactions with unregistered operators a key factor in determining penalty severity More transactions with unregistered operators than Upbit Speculation is growing that crypto exchange Bithumb could be hit with a larger administrative fin
Middle East war fallout lifts U.S. medium- to long-term Treasury yields Korea Treasury yields also jump U.S. Treasury yields are surging in the wake of the war between the United States and Iran, driven by a stronger risk-off mood. In particular, fea
Fuel prices still in the high 1,800-won range despite introducing a maximum oil-price cap A tray of eggs tops 7,000 won Pork belly, Korean beef and chicken also on the rise With Middle East tensions escalating after U.S. and Israeli airstrikes on Ira
Wall Street reassured, expecting a short conflict until recently Iran holds out longer and more forcefully than expected Rising odds the war drags on Some are also factoring in a $200-a-barrel oil scenario For Americans, $3.5 a gallon is the gasoline
FOMC scheduled for June 17–18 Close watch on Powell’s inflation message New York stocks are expected to see heightened volatility this week (June 16–20) depending on how the war between the United States and Iran unfolds. Major catalysts are also on
High-net-worth individuals and top 1% elite investors by return Most heavily bought: Samsung Electronics, the 'bellwether semiconductor stock' High-net-worth individuals and the top 1% of elite investors by return were found to have bought the most s
Global and digital-asset MoU Hana Financial Group said on the 15th that it has signed a memorandum of understanding with global investment bank Standard Chartered (SC) to cooperate in global business and digital-asset initiatives. Through the agreeme
U.S. strikes military facilities on Iran’s Kharg Island Despite threats to hit key oil infrastructure Iran retaliates with airstrikes on an alternative Hormuz route “Iran has the global economy by the throat Trump’s ‘Hail Mary’ because he can’t TACO”
10th Korea-Japan Finance Ministers’ Meeting Met with Japan’s Finance Minister Katayama in Tokyo Appropriate measures against excessive FX volatility Korea-Japan currency swap to be discussed later Deputy Prime Minister Koo Yun-cheol, who also serves
As the war between Iran and the United States shows signs of becoming protracted, prices of risk assets—including the Korean stock market—have been swinging sharply. After Iran’s blockade of the Strait of Hormuz, international crude prices rose above
After the United States carried out airstrikes on Kharg Island—home to Iran’s key crude export facilities—Iran immediately issued a warning of retaliation. According to Reuters, the Iranian military said on the 14th (local time), via domestic media,
All three major U.S. equity indexes in New York closed lower. With the closure of the Strait of Hormuz dragging on, a slowdown in U.S. economic growth and worsening inflation indicators weighed on investor sentiment. On the 13th (U.S. Eastern Time),
The United States has temporarily lifted sanctions on Russian crude oil in an effort to cap rising oil prices driven by the war with Iran. The move marks a 180-degree shift for Washington, which last year sought to tighten economic pressure on Russia
Slips to the high 159s per dollar “Higher crude prices to widen trade deficit” Largest-ever release of petroleum reserves Subsidies to curb gasoline prices Amid deteriorating conditions in the Middle East, the yen fell to its weakest level against th