On Wednesday (June 24), South Korean stocks rebounded sharply after a nearly 10% plunge the previous day, with the benchmark Kospi rising as much as 4.2% at one point. Many industry insiders believe Tuesday’s sell-off was driven by technical factors, and investors are now refocusing on chipmakers’ earnings. June 24 News: On Wednesday (June 24),
① The U.S. Department of Energy announced $17.5 billion in loans to support the construction of 10 large nuclear reactors, with project construction timelines expected to be advanced by three years. ② The funds will mainly be used to procure key equipment and core components. All five projects will adopt Westinghouse Electric’s AP1000 nuclear reactor
① People familiar with the matter said that Abu Dhabi-based artificial intelligence investment company MGX has raised nearly $50 billion to accelerate investments in AI infrastructure and technology. ② The funds came from regional sovereign wealth funds, global pension funds and large institutional investors, making MGX’s new fund one of the largest AI-focused investment vehicles
① Facing a more hawkish Federal Reserve than expected, Wall Street forecasts that the Fed will raise interest rates this year have recently grown louder. ② However, not all Wall Street investment banks agree that the Fed will hike rates this year. UBS believes the market may have overestimated the risk of Fed rate hikes.
UBS Says Market May Overestimate Fed Rate Hike Risk in 2026 Read More »
Valve’s new Steam Machine base model is priced at $1,049, while the 2TB version reaches $1,349, notably higher than consoles such as the PS5 and Xbox and nearly approaching the cost of a similarly configured DIY PC. Valve explained that rising memory and component prices have fundamentally changed hardware pricing logic, with the company selling
Valve Steam Machine Pricing: $1049 Base, $1349 2TB Model Read More »
① BofA analysts expect artificial intelligence to drive semiconductor sales to the next $1 trillion within five years, whereas the chip industry took about 50 years to achieve its first $1 trillion in sales. ② The report identifies five key factors that will drive semiconductor sales growth. June 24 — Just as the market begins
BofA: AI to Drive Semiconductor Sales to Next $1 Trillion in Five Years Read More »
① Governments are planning to enhance oil reserve capacity due to the Hormuz Strait crisis, which may support oil prices in the short to medium term. ② Energy-importing countries in the Asia-Pacific region, such as India and Australia, are seeking to build new reserve capacity to improve energy security. ③ The total demand to fill
Governments Plan to Boost Oil Reserves Amid Hormuz Crisis, Potentially Supporting Prices Read More »
① After trading volumes surged on platforms such as Polymarket and Kalshi, prediction markets are transforming from a niche activity into a new traffic business in the eyes of internet giants. ② Latest reports indicate that Meta is developing an independent prediction market application called “Arena,” initially possibly testing with a points-based system, but future
Meta Develops Prediction Market App Arena as Polymarket and Kalshi Volume Surges Read More »
On June 23 local time, the International Maritime Organization announced the launch of an evacuation plan for stranded seafarers in the Strait of Hormuz region. IMO Secretary-General Dominguez stated, “This large-scale operation will be carried out in close cooperation with Iran, Oman, all other coastal states in the region, the United States, and the maritime
IMO Launches Evacuation Plan for Stranded Seafarers in Strait of Hormuz Read More »
① MSCI released the results of its 2026 Market Classification Review, and South Korea remains classified as an “Emerging Market,” failing to enter the Developed Markets watch list. ② South Korea’s stock market has risen nearly 170% over the past 12 months, but MSCI believes that the limited convertibility of the Korean won in offshore
MSCI 2026 Market Classification Review: South Korea Remains Emerging Market Read More »
