Tech sell off the narrative for South Korean stocks:
- Samsung Electronics, SK Hynix, LG Energy Solution (batter maker) all heavily sold
But, not just tech, Hyundai Motor and Kia Corp lower also
Tech sell off the narrative for South Korean stocks:
But, not just tech, Hyundai Motor and Kia Corp lower also
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RBA Deputy Governor Andrew Hauser speaks at a Sydney fireside chat on Australia's economic outlook, with markets watching for any signal on the path of rates after a hawkish week for RBA rhetoric.
PBOC sets USD/ CNY reference rate for today at 6.8157 (vs. estimate at 6.7735)
South Korean markets hammered. KOSPI off 6%, won at a 17 year low vs. USD
Japan's finance minister renewed an intervention warning as the yen tested 160 per dollar, while a record drop in May foreign reserves suggests Tokyo may already have acted again.
Fake news? : Trump officials in talks to take government equity stakes in US AI giants Washington wants a slice of the AI boom, and OpenAI's CEO has been quietly making the case for it since early 2025.
PBOC is expected to set the USD/CNY reference rate at 6.7735 – Reuters estimate
Japan fin min Katayama said ready to respond to FX. Yen shrugs it off.
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