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BOC Governor Macklem said the bank has not yet observed a significant pass-through from higher oil prices to other goods and services prices.

2026-06-23

BOC Governor Macklem said the bank has not yet observed a significant pass-through from higher oil prices to other goods and services prices.

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2026-06-23

South Korean and Japanese equities plunged after a sudden reversal in global AI sentiment and macro developments. In Seoul, Samsung Electronics fell 7.4% and SK Hynix dropped 10.1% intraday; the two memory-chip makers account for roughly half of KOSP

South Korean and Japanese equities plunged after a sudden reversal in global AI sentiment and macro developments. In Seoul, Samsung Electronics fell 7.4% and SK Hynix dropped 10.1% intraday; the two memory-chip makers account for roughly half of KOSPI market capitalization. KOSPI slid more than 9% intraday and triggered a 20-minute trading halt — the fourth such pause this year. In Tokyo, the Nikkei 225 fell over 3%, led by SoftBank and Kioxia, down about 10% and 14% respectively. Both markets had recently hit multiple record highs on AI optimism, progress in US–Iran talks and expectations of BOJ tightening; analysts warn the chip names’ rapid run-up has left valuations elevated and exposed to semiconductor cyclical risk.
2026-06-23

UK Chancellor Reeves said the defense plan will include additional funding and that the funds will be used effectively.

UK Chancellor Reeves said the defense plan will include additional funding and that the funds will be used effectively.
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