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Asian Development Bank: Lowered its 2026 growth forecast for developing Asian economies from 5.1% to 4.9%.

2026-07-08

Asian Development Bank: Lowered its 2026 growth forecast for developing Asian economies from 5.1% to 4.9%.

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2026-07-08

Reserve Bank of New Zealand Governor Brehman: Interest rates are gradually adjusting towards a neutral level.

Reserve Bank of New Zealand Governor Brehman: Interest rates are gradually adjusting towards a neutral level.
2026-07-08

KOSPI extended losses, sliding as much as 6% intraday and falling over 20% from its June peak, putting the market on track for a technical bear. Samsung Electronics and SK Hynix dropped about 7% and 5% respectively as investors reprice AI-driven dema

KOSPI extended losses, sliding as much as 6% intraday and falling over 20% from its June peak, putting the market on track for a technical bear. Samsung Electronics and SK Hynix dropped about 7% and 5% respectively as investors reprice AI-driven demand. Leveraged ETFs amplified volatility. The chip sell-off persisted despite Samsung reporting quarterly profit up 19-fold this week, highlighting traders’ demand for more evidence that huge semiconductor supply‑chain capex is justified. Fidelity International portfolio manager Ian Samson said the volatility largely reflects fundamental uncertainty: strong AI-led chip demand is concentrated in roughly $1 trillion of capex by a handful of large tech firms, and if that spending proves unsustainable there is downside risk.
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