Samsung and SK Hynix Lead Kospi Rally as US Futures Decline
South Korean stocks rallied, led by Samsung and SK Hynix, while Wall Street futures declined amid inflation concerns and higher oil prices.
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South Korean stocks rallied, led by Samsung and SK Hynix, while Wall Street futures declined amid inflation concerns and higher oil prices.
China's CMRG directive to halt Rio Tinto ore negotiations appears to become effective in September, but enforcement unconfirmed; AUD weakens.
Vitol CEO sees China oil imports picking up, calls current gap unsustainable; global demand to drop 1.5 mln b/d in 2026.
Analysts see Tempus AI benefiting from personalized cancer vaccines, with potential $600M annual sequencing revenue.
Goldman Sachs warns oil could hit $120 as Trump abandons diplomacy with Iran and blockades the country.
NAB business conditions hit six-year low; ASX, AUD, NZD soften; RBA hike probability high.
PBOC set the yuan central rate at 6.7804 per dollar, above estimates, and conducted a net 4 billion yuan drain via reverse repos.
Goldman Sachs says India has weathered external shocks, with MSCI India forward P/E at a decade low of 20x and earnings growth forecast at 12%.
Japan's Q2 GDP was revised up to 1.4% annualised, reinforcing expectations that the BOJ will hike to 1.25% on September 18.
MUFG sees ECB hike this week, highlights euro downside risk from Lagarde's comments, German elections, and gas prices.