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investingLive Asia-pacific FX news wrap: Iran resume strikes, Korean stocks fall further

investinglive.com · 13dShare

Australian June CPI 3.8% y/y vs +4.0% expected South Korea has just experienced something worse than the dot-com bust Oil jumps on a report that Iran launched ballistic missiles towards a US base in Jordan US weekly private oil inventories +3.3m vs -1.4m expected Markets: South Korean Kospi down 8.1% CHF leads, USD lags Nikkei 225 down 4% S&P 500 futures down 0.1% WTI crude up $3.10 to $82.36 US 10-year yields up 1.2 bps to 4.62% It was another crazy day in South Korea. This time the Kospi opened higher only to crumble, currently down more than 8% on a drop in SK Hynix shares following earnings. The commentary wasn't bad and the company talked about demand extending through 2027 but revenues missed and in this market, only perfect is good enough. I thought we might get a bounce when the finance minister said the government was looking at ways to stabilize equities but that didn't happen as we're near session lows as I write. In terms of news, the big headline was Iran firing 5 ballisti

First report: investingLive Asia-pacific FX news wrap: South Korea stock markets crushed — investinglive.com, 14d