US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
South Korea's Financial Service Commission (FSC) blamed the high market volatility caused by the pandemic for the postponement of its sale of Korea Deposit Insurance Corp.’s (KDIC) stake in the Woori Bank.
The FSC, which controls the sale of state-owned firms and shares, planned to sell off the stake in the first half of 2020.
According to an FSC subcommittee, the stock market plunged amid the pandemic, while the US presidential election campaigns aroused market uncertainty.
It added that the plan to sell Woori Bank stakes completely would be carried out by 2022.
Woori Financial‘s stock price hit a low of 6,320 won in March amid the stock market plunge.
The KDIC has been silent about its target price for the Woori Bank sale.
The price of a Woori share should be sold at least 12,000 won to enable the South Korean government to retrieve investment in the bank.
