KOSPI Climbs 2% to 5,680 as Easing Oil Prices Lift Asian Equities
South Korea KOSPI climbs 2% to 5,680 as oil prices ease on Strait of Hormuz shipping relief, led by Samsung +3.9% and Hyundai Motor +5.5%.
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South Korea KOSPI climbs 2% to 5,680 as oil prices ease on Strait of Hormuz shipping relief, led by Samsung +3.9% and Hyundai Motor +5.5%.
Australia RBA expected to hike cash rate 25 bps to 4.1%, its second 2026 rise, as oil price surge from Middle East conflict stokes inflation.
WTI crude futures rose to around $95/barrel on Tuesday after losing more than 5% Monday, as investors weighed easing Hormuz fears against supply concerns.
South Korea import prices rose 1.2% YoY in February 2026, reversing January's 0.9% fall, led by intermediate goods and consumer items.
US stocks rebounded Monday with the S&P 500 up 1.1% and Nasdaq up 1.2% after tankers successfully transited Hormuz, easing energy supply fears.
South Korea export prices rose 10.7% YoY in Feb 2026, sharpest since June 2024, driven by higher manufactured goods prices and US tariff impacts
Nvidia CEO Jensen Huang revealed $1 trillion in accumulated purchase orders through 2027, signaling explosive AI hardware demand ahead
Ether gained 9.79% in a single session, outpacing Bitcoin's 1.96% rise as Hormuz relief drove a broad risk-on rally across crypto markets.
US Treasury Secretary Bessent confirms Iranian oil tankers are transiting the Strait of Hormuz, pushing crude prices back toward $95 a barrel.
Canada's inflation fell to 1.8% in Feb 2026, below forecasts, easing core prices. Geopolitical tensions may raise future inflation risks.
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