CNBC Daily Open: Middle East tensions send oil higher while Iran-U.S. tensions escalate
Concerns over supply disruptions pushed oil prices higher, amid news of recent deadly attacks on vessels in the Gulf of Oman and the Red Sea, and as a spill near Oman worsens.
South Korea’s Kospi has staged a stunning comeback. How long will the bull market last?
South Korea’s Kospi has staged a reversal from its latest rout, returning to bull-market territory as investors piled back into the semiconductor giants that dominate the index.
This Chinese firm has topped Micron and Kioxia in shipments of crucial NAND memory chips
Counterpoint Research looked at the NAND segment of memory chips, which is benefitting along with the larger DRAM segment from artificial intelligence demand.
‘Hormuz remains blocked’: Iran disputes Trump claims as traffic sinks to near 3-month lows
The Persian Strait Gulf Authority said “the Strait of Hormuz remains blocked and will not be reopened until Iran’s conditions are accepted.”
Oil rises on worries over supply disruptions as spill near Oman worsens
News of recent deadly attacks on vessels in the Gulf of Oman and the Red Sea drove oil higher. An oil spill near Oman continued to worsen.
CNBC Daily Open: Markets look past soaring U.S. budget deficit
Signs of potential interest rate hikes remain in focus after the U.S. budget deficit surged to its highest monthly level in more than five years.
South Korea’s Kospi swings from bear to bull-market territory in just over a month on AI trade
South Korean stocks rallied on Thursday, pushing the benchmark Kospi into a technical bull market.
Goldman says Japan’s $1 trillion of reserves leaves ‘plenty of capacity’ for further yen interventions
Japan has enough cash at its disposal for a couple more rounds of yen-buying on the scale of last month’s intervention, Goldman Sachs says.
Japan wholesale inflation eases slightly to 7.2%, undershooting expectations
The PPI reading was lower than the 7.4% expected by economists polled by Reuters, and was down from a revised 7.3% seen in June.
Inside India newsletter: Why global funds are flocking to GIFT City in Modi’s home state
Favorable regulations, a growing local investor base, and tax holidays are giving momentum to India’s GIFT City.
