CNBC Daily Open: Hostilities heat up, market rally cools
Stocks in Asia sink and oil prices rally as the U.S. and Iran trade fresh strikes and intercept drone attacks.
Silver could fall further after latest slump, analysts say as they warn of demand destruction
Silver’s rally of over 140% last year is deterring buyers in various industries and its elevated price levels are beginning to weigh on demand, UBS said.
‘King of Cashmere’ CEO on outperforming the luxury slowdown: Don’t be greedy
Brunello Cucinelli’s success is tied to its ethos of choosing long-term integrity over short-term margin chasing, CEO Riccardo Stefanelli told CNBC.
LG Energy Solution’s shares surge as much as 16% after landing major U.S. battery storage deal
The deal comes as the South Korean battery company expands its energy storage systems business in the U.S.
Kuwait air defenses activated against ‘missile and drone threats’; U.S. carries out new strikes in Iran
This comes as tensions in the Middle East escalated once again, with the U.S. military carrying out new strikes overnight in Iran.
South Korea holds rates, reveals hawkish split within board
The Bank of Korea kept its benchmark interest rate unchanged on Thursday, even as a slumping won and inflation pressure policymakers in the coming months.
Energy inflation has been more persistent than expected, Fed’s Goolsbee tells CNBC
While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.
South Korean stocks at risk of `swift downside reversal’ as SK Hynix, Samsung dominate: BTIG
South Korea’s Kospi is at risk of a big drop as it’s overly reliant on on Samsung and SK Hynix, according to BTIG
CNBC Daily Open: Oil falls on Iran peace hopes — then U.S. launches airstrikes
Global markets rally as investors continue to price in Middle East de-escalation.
Nio shares jump 10% after releasing first flagship EV in more than two years
Chinese electric car company Nio has launched two lower-priced brands in the last two years to broaden its customer base in a sluggish Chinese consumer market.
