South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Mexican stocks ended Monday’s trading session on a positive note, with the benchmark S&P/BMV IPC index climbing to a fresh all-time high. The index advanced 0.55% at the close, supported by strong gains across the Industrials, Consumer Goods & Services, and Consumer Staples sectors, reflecting improved investor sentiment in the Mexican stock market.
Market breadth was slightly negative, as declining stocks narrowly outpaced advancing issues on the Mexico Stock Exchange by 70 to 67, while 12 shares finished unchanged. Despite this, key heavyweights provided enough momentum to lift the main index to record territory, highlighting selective strength among blue-chip Mexican equities.
Grupo Mexico, S.A.B. de C.V. was the standout performer of the session, surging 3.02% to close at 199.87 pesos, marking a new all-time high for the stock. The mining and transportation giant benefited from renewed optimism around commodities and industrial demand. Becle SA, the producer of Jose Cuervo tequila, also posted solid gains, rising 2.31% to end the day at 21.70 pesos. Arca Continental added 1.97%, closing at 202.99 pesos, supported by steady consumer demand expectations.
On the downside, Orbia Advance Corporation SAB de CV was among the weakest performers, falling 3.47% to 17.50 pesos amid ongoing concerns about its operational outlook. Shares of Controladora Vuela Compania de Aviacion, operator of Volaris, declined 3.12% to 14.91 pesos, while Regional SAB de CV lost 2.46% to close at 140.01 pesos.
In commodities, gold futures for February delivery jumped 1.77% to $4,676.70 per troy ounce, boosting interest in mining-related stocks. Crude oil prices were mixed, with WTI crude for March delivery edging up 0.15% to $59.43 per barrel, while Brent crude rose slightly to $64.16 per barrel.
In currency markets, the Mexican peso strengthened against the US dollar, with USD/MXN slipping 0.18% to 17.58. The euro gained modestly against the peso, while the US Dollar Index futures declined 0.35%, reflecting broader dollar weakness.
