Global Economy

South Korea's KOSPI stock index has dropped 5%.

The KOSPI extended its downturn, slipping 4.9% in the latest session.

Indonesian assets rebounded after officials stepped up efforts to reassure foreign investors, driving the rupiah to its biggest gain in more than a year while easing pressure on bonds and lifting stocks.

Chinese companies are rushing to dismantle 'red-chip' structures, according to the Financial Times.

Chinese investors are turning to digital bets for exposure to US tech IPOs, according to the Financial Times.

Mexico has blocked most imports of live animals from the United States after cases of screwworm were detected.

Japan's 30-year government bond auction drew the weakest demand since June 2025 as concerns over inflation and fiscal policy kept investors on edge.

Taiwan's equity market dropped over 2% during the session.

Economists say inflation in May likely topped 4% for the first time in three years.

Ireland has been told to rein in spending of its corporate tax windfall.

Bizlink is nearing a deal to buy the information and communications technology unit of Blackstone's Interplex, according to people familiar with the matter.

A seasonal cash demand spike in Hong Kong is set to lift funding costs, making it less attractive to pursue a carry trade using the local dollar, analysts say.

South Korea's main stock index fell 4.4% to 7,744.18 points during trading.

Japan's latest 30-year government bond auction showed a tail of 0.38, compared to 0.22 in the prior offering.

Container rental prices in China have risen sharply, both overall and for Russian routes, updating 2025 highs due to a shortage of available containers in China. The rate for the Shanghai-Moscow route reached $1,800–2,100 per 40-foot container, and the cost of rail transport on this route exceeded $8,000. Market participants see no prerequisites for a significant change in the situation: import demand, tensions in the Middle East, and an import-export imbalance persist.

Malaysia and Japan are exploring greater use of their local currencies, ringgit and yen, for trade, the prime minister said.

Indonesia's main stock index reduced its gains, rising 1.3% to 5,823.47 points in latest trade.

South Korean stocks are soaring, drawing first-time investors in a nation where property has long reigned supreme.

Activist investor Ancora builds stake in Ashland, pushes for sale.

Aluminum prices fell to their lowest level in one month as Middle East tensions escalated and expectations of US interest rate hikes dampened the demand outlook for industrial metals.

A key measure of bulk shipping rates dropped for an eighth consecutive day as demand in the larger vessel segments cooled following a multi-month rally that pushed the market to its highest level since late 2023.

China's healthcare stocks slump to their cheapest level ever, as a rush into local AI beneficiaries draws capital away from defensive sectors.

Asian currencies weakened against the U.S. dollar ahead of the release of U.S. consumer price index data, according to a Wall Street Journal report.

Edge Markets, which provides banking tools for gambling and prediction markets including real-time payments on Kalshi, raised a $29.2 million Series A led by CoinFund.

Asian currencies weakened against the U.S. dollar ahead of the release of consumer price index data.

Indonesia's main stock index extended gains, rising as much as 3.3% to 5,935.72.

Mongolia's foreign trade turnover increased by 34.6 percent in the first five months of 2026, totaling 13.4 billion U.S. dollars, with a trade surplus of over 3.6 billion dollars. China remained Mongolia's largest export destination and source of imports, accounting for 93.6 percent of exports and 38.8 percent of imports.

The head of Taiwan's central bank said the CPI outlook could be revised higher if global oil prices average above $85 in 2026.

Taiwan's central bank governor said there is no evidence of imported inflation at present.

Hong Kong Financial Secretary Paul Chan said the city would attempt to 'inspire the confidence' of Chinese authorities, after Beijing's sweeping crackdown on illicit overseas investment cast a chill over banks in the city.