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Laura Cooper, Global Investment Strategist at Nuveen, a global asset manager "Stagflation if oil tops $144" Expects 10-year yield at 4.25% by year-end Investment flows still concentrated in US assets US tech stocks have defensive risk characteristics
U.S. stocks tumbled across the board as expectations for a U.S.-Iran ceasefire faded. On June 26 (local time), the Dow Jones Industrial Average closed at 45,947.81, down 481.68 points (1.01%) from the previous session at the New York Stock Exchange.
◆ Wall Street: Risk appetite hit by Trump and Google-related negatives…markets close sharply lower All three major U.S. stock indexes ended in the red. On the 26th (local time), at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average
Protracted war raises energy burden 2.1 → 1.7%…Japan holds at 0.9% Second-largest downward revision among the G20 The Organisation for Economic Co-operation and Development (OECD) on the 26th made the second-largest downward revision among the Group
Analysis of the US-China-Japan-Russia 'war profit-and-loss ledger' US faces growing domestic discontent and cracks with allies Russia enjoys an oil boom as Hormuz is blocked China consolidates its global standing amid a US vacuum Japan, heavily depen
Trump wants a “speed campaign,” but wide U.S.-Iran gaps complicate end-of-war talks Could drag on until May, when U.S.-China talks are set The goal of a war that was initially expected to end in 4–6 weeks is now seen as difficult to achieve. Although
Seyed Kozechi, Iran’s ambassador to South Korea, said Korean vessels that do business with U.S. companies or use energy facilities backed by U.S. capital could face difficulties transiting the Strait of Hormuz. Appearing on a CBS radio news show on t
Foreigners sell more than KRW 2 trillion worth of Samsung Electronics On the 26th, the KOSPI index sank more than 3%, tumbling into the 5,400 range. As foreign investors extended their net selling of KOSPI shares for a sixth consecutive session, reta
Nomura Securities: "KOSPI 8,000 still in play…semiconductors offset the oil shock" Nomura Securities, Japan’s largest brokerage, said it is maintaining a top-end target of 8,000 for the KOSPI this year. The firm expects Korea’s semiconductor upcycle
As Korea Treasury bond yields continue to rise, the government will carry out an emergency buyback (purchases for early redemption) worth 5 trillion won. This is the first time the government has conducted a buyback since September 2022. It also deci
The government will roll out additional measures to stabilize livelihoods, including expanding fuel tax cuts, to cushion the inflationary shock stemming from the Middle East war. The fuel tax cut rates currently applied—7% for gasoline and 10% for di
Six Middle Eastern countries—Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain and Jordan—publicly warned that they could exercise the right of self-defense through military means in response to attacks by Iran and its proxy forces. Acco
Iran is moving to collect transit fees from vessels in the Strait of Hormuz, which it has effectively been blockading, and has repeatedly underscored the plan through official interviews and other channels. Esmaeil Baghaei, spokesperson for Iran’s Fo
Samsung Electronics and SK Hynix are trading lower early on the 26th as expectations for and caution about U.S.-Iran ceasefire talks coexist. As of 9:17 a.m., Samsung Electronics was down 4,900 won (2.59%) from the previous session at 184,100 won. SK
Iran has threatened that it could block the Bab el-Mandeb Strait, the gateway to the Red Sea, following the Strait of Hormuz. According to CNN on the 25th (local time), an Iranian military source said via the semi-official Tasnim News Agency, “If the
Korean stocks are expected to face volatility on the 26th as investors continue a tug-of-war over flows. While the U.S. has entered talks with Iran over a ceasefire proposal, uncertainty remains over the trajectory of the war and oil prices. Heavy ne
Wall Street’s three major indexes closed higher across the board. Expectations that the United States and Iran would enter ceasefire talks lifted investor sentiment broadly. On the 25th (local time), at the New York Stock Exchange (NYSE), the Dow Jon
U.S. Central Command, which is directing the U.S. military operation against Iran, said on the 25th (local time) that it has struck more than 10,000 Iranian military targets in the 26 days since the outbreak of hostilities. CENTCOM Commander Gen. Bra
Concerns are growing that the Middle East is triggering a tightening of liquidity in global financial markets. Gulf sovereign wealth funds—powerful buyers of global risk assets—are putting new investments on hold as regional conflict escalates. Gulf
◆ White House: "Negotiations with Iran to continue…bigger blow if it refuses to accept defeat" The White House said on the 25th local time that it would continue negotiations with Iran to end the war. It did not, however, disclose the details of the
A summit between the leaders of the United States and China will be held May 14–15. Donald Trump’s planned trip to China, which had been postponed once due to the war with Iran, has been rescheduled to about a month and a half later. On the 25th (loc
Iran: “Sovereignty over the Strait of Hormuz is ours” “We also want compensation for war damage” Iran has rejected a US ceasefire proposal and presented its own conditions for ending the war. According to Iranian state media on the 25th (local time),
Q&A on the soon-to-launch 'blockchain version of won NDFs' Exploiting delays in institutionalizing 'won-denominated coins' Foreign capital moves into the market first U.S. won-tracking coin futures to launch next month In focus for lower costs than e
Meeting with Heads of the Five Major Crypto Exchanges “Abolish taxation on virtual assets like the financial investment income tax” With capital gains taxation on individual investors’ virtual assets (cryptocurrencies) set to take effect next year, t
Thailand, Taiwan pass through…South Korea also seeks talks FT: "Won’t give up control of Hormuz" Iran said in a letter to member states of the International Maritime Organization (IMO) that it would allow passage through the Strait of Hormuz only for
Talks in Pakistan within 48 hours…tactical jostling over terms U.S. readies ground forces…strategy to pressure negotiations Up to 9,000 troops deployable within 2–3 days U.S. proposes ban on nuclear weapons and uranium enrichment Iran demands guarant
Court to hold formal hearing on stay of execution next month A string of lawsuits by exchanges, following Dunamu Bithumb, South Korea’s second-largest virtual-asset exchange, which received a decision from the Financial Intelligence Unit (FIU) to par
Naver–Dunamu merger, once feared due to a 20% stake cap Korean Association of Constitutional Law: cap on major shareholders’ stakes “may be unconstitutional” Constitutional scholars continue to point to infringements of fundamental and property right
SpaceX could start IPO process as soon as this week Prospectus filing with regulators expected IPO could raise up to $75 billion, some forecast SpaceX, the space company led by Elon Musk, could begin its initial public offering (IPO) process as soon
KOSPI ends at 5,642.21, up 1.59% Trump: “Iran gave us a gift… related to oil and gas” The KOSPI extended gains for a second straight session as expectations for negotiations between the United States and Iran came into focus despite rising internatio