US markets showed renewed strength in their last session, led by a tech sector rally fueled by optimism around chipmakers. This contrasts with prior weakness in Korean equities, while geopolitical concerns simmer ahead of the NATO summit amid questions over the US stance.
Korea. Based on the previous day’s data, Korean markets closed lower, with the KOSDAQ experiencing a significant 2.46% decline. The weakness came despite positive external signals for the semiconductor industry, while the defense sector faced a setback with the loss of a Canadian submarine contract to a German competitor.
US. All major US indices posted gains in their prior session, with the tech-heavy Nasdaq leading the advance by over 1%. Investor sentiment appeared positive, as evidenced by a drop in the VIX volatility index and a slight dip in the 10-year Treasury yield.
One of the few certainties of World Cup football has been rocked after Donald Trump lobbied FIFA to overturn a US red card suspension. The decision has caused outrage but it isn't completely without precedent.
DW
Some industry experts are predicting all-time viewing records for a U.S. soccer game
MarketWatch
For the nation's 250th birthday, President Trump and NYC Mayor Zohran Mamdani had opposing visions of America. And, the U.S. and Belgium face off today in the FIFA World Cup.
NPR
Outgoing PM will stress British commitment to defence spending at meeting in Ankara to counter Trump rebukesKeir Starmer will seek to work with European allies to shore up support for Nato at its summit in Ankara on Tuesday amid concerns that Donald Trump could further destabilise the military alliance with threats over defence spending.Downing Street said the prime minister and other international leaders would be focused on “building a stronger and more European Nato” as they attempt to address the US president’s concerns in the Turkish capital.Continue reading...
The Guardian
Exclusive:Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positionsFollow our Australia news live blog for latest updatesGet ourbreaking news email,free appordaily news podcastMost Australian first home buyers are using the government’s 5% deposit scheme, with one in three new participants earning more than the scheme’s previous cap for high-income earners.The influx of high-income earners into the first home guarantee program, economists warn, has pushed up property prices by increasing buying capacity for people who would have bought anyway.Continue reading...
The Guardian
The 'K-defense One Team,' formed by Hanwha Ocean and HD Hyundai Heavy Industries, suffered a setback in the Canadian Navy's next-generation submarine acquisition project (CPSP), losing out to Germany's ThyssenKrupp Marine Systems (TKMS). Canadian Prime Minister Mark Carney announced on the 6th (local time) at the Halifax base in Nova Scotia, a Pacific coastal region in eastern Canada, during a presentation of 'new measures to make Canada safer, more resilient, and more prosperous,' that Germany has been selected as the preferred bidder for the CPSP. Both Canada and Germany are member states of the North Atlantic Treaty Organization (NATO). Although the submarine proposed by Germany to Canada has not yet been physically built, the ties between NATO member states ultimately could not be broken. Hanwha Ocean, which was on the shortlist of the final two competitors for the CPSP project, had made significant efforts to win the bid, including inviting Prime Minister Carney to its Geoje, Gyeongnam facility to personally inspect and board the Jangbogo-class submarine, a candidate model. The government also made efforts, with Presidential Chief of Staff Kang Hoon-sik traveling to Canada multiple times...
동아일보
Incheon Airport, the main hub, is known to handle about 98% of domestic semiconductor exports. In fact, on this day, the government confirmed the Gwangju Military Airport site as the location for a new Honam semiconductor industry, which will involve an investment of approximately 800 trillion won, with roads, airports, and ports...
네이버뉴스
Seoul's Gangnam area, including Gangnam, Seocho, and Songpa districts, is considered the 'top priority' for both demanders (guests) and suppliers (hosts) in the short-term rental market. An official from the short-term rental platform Dandan Homes analyzes, 'It's not simply because housing prices are high or due to the 'Gangnam' brand name. It has a unique regional structure where strong needs for short stays are concentrated in one place.' Short-term rentals typically...
조선일보
Following the ballot paper shortage during the June 3 local elections, CCTV blind spots were confirmed to exist at the Olympic Park Handball Gymnasium facility in Songpa-gu, Seoul, where ballot boxes and ballot papers are stored. However, during...
매일경제
Investors are looking forward to Samsung’s earnings and SK Hynix’s ADR listing, experts say.
MarketWatch