South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Asian markets inched higher on Monday while oil prices remained stable, as investors weighed geopolitical developments in the Middle East alongside a packed week of corporate earnings and economic data. Sentiment improved modestly after signs of limited diplomatic progress, though risks in the region continue to influence global markets.
Brent crude traded near $108.30 per barrel, while U.S. crude hovered around $102.01, both recovering from earlier losses. Concerns remain over the safety of shipping routes in the Strait of Hormuz, a key artery for global oil supply. Reports of a bulk carrier being attacked near Iran’s Sirik region have added to uncertainty, even as potential U.S. naval support is expected to secure the area.
U.S. efforts to assist stranded vessels were highlighted by former President Donald Trump, who mentioned deploying significant military resources, including naval ships, aircraft, and personnel. Meanwhile, Iran confirmed it is reviewing a U.S. response to its diplomatic proposal, though expectations for a breakthrough remain low.
Equity markets showed modest gains across the region. MSCI’s Asia-Pacific index excluding Japan rose 0.6%, while South Korean stocks jumped 2.6% after reopening from a holiday. Japanese markets were quieter due to a public holiday, leaving Nikkei futures only slightly higher.
Global investors are closely watching earnings reports this week, with over 100 major companies set to release results, including AMD, Palantir, Disney, and McDonald’s. Despite strong earnings growth forecasts, analysts note that stock reactions to positive results have been limited.
Central banks remain in focus as rising energy prices fuel inflation concerns. Expectations for further interest rate hikes have increased across major economies, including the Federal Reserve, European Central Bank, and Bank of England. Upcoming U.S. payroll data is expected to play a key role in shaping monetary policy outlook.
In currency markets, the U.S. dollar softened slightly against the yen and euro, while gold prices edged lower, reflecting cautious investor sentiment amid ongoing global uncertainty.
