Geopolitical tensions between the U.S. and Iran drove sharp surges in oil prices and Treasury yields, heightening concerns over prolonged high interest rates. Compounded by negative news of OpenAI halting its model training, investor sentiment dampened significantly, centered on tech stocks.
Geopolitical tensions in the Middle East escalate as Iran rejects the U.S. conditional ceasefire proposal, failing to reopen the Strait of Hormuz.
U.S. Treasury yields hit multi-year highs amid heightened inflation caution and growing expectations of additional Fed rate hikes.
Investor sentiment in tech, semiconductor, and power-related equities weakens on news that OpenAI halted training of its latest AI model.
Nvidia announces a record $150 billion additional share buyback, driving outperformance in its stock price.
The U.S. and China agree to mutual tariff reductions totaling $60 billion and extend their trade truce.
Expectations for easing AI computing resource shortages and a recovery in semiconductor demand are rising as Chinese authorities consider allowing domestic tech giants to purchase Nvidia's new AI chips. On the other hand, investor sentiment remains cautious regarding governance and financial risks due to the intensifying management control dispute and concerns over surging debt at Korea Zinc.
China's Ministry of Industry and Information Technology considers allowing domestic big tech companies, including Alibaba and ByteDance, to purchase Nvidia's new AI chip (RTX PRO 5500)
MBK Partners issues a statement calling for the resignation of Korea Zinc Chairman Choi Yun-bum, raising concerns over surging debt (KRW 0.8tn to KRW 7.5tn) and legal and financial risks
Criticism raised over staff departures and inadequate compensation compared to private and overseas sectors at National Pension Service Investment Management, despite a surge in alternative investment assets (KRW 256.5tn)
