WTI crude prices retreated after briefly touching $97 per barrel following Iranian attacks on Kuwait International Airport, while U.S. crude inventories posted their largest decline since February with a 7.974 million barrel drop marking the sixth consecutive weekly decrease.
#YonhapInfomax #WTICrude #MiddleEastConflict #IranAttack #CrudeInventories #OilPrices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=123721
WTI Retreats After Breaching $96 on Middle East Conflict (Update)
WTI crude prices retreated after briefly touching $97 per barrel following Iranian attacks on Kuwait International Airport, while U.S. crude inventories posted their largest decline since February with a 7.974 million barrel drop marking the sixth consecutive weekly decrease.
South Korean short-term bond yields remain below 3.5% despite market expectations of four rate hikes through H1 next year, with dealers anticipating further upside as carry trade attractiveness fades and Treasury yields surge toward 3.8%, prompting investors to shift away from credit bonds in early rate hike cycle.
#YonhapInfomax #BankBonds #ShortTermRates #RateHikes #CreditBonds #CarryTrade #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=123720Democratic Party candidate Jung Won-oh concedes Seoul mayoral race to People Power Party's Oh Se-hoon, who leads with 48.94% versus 48.34% with 97.70% of votes counted, acknowledging defeat despite narrow 30,359-vote margin as gap widens in final counting stages.
#YonhapInfomax #SeoulMayoralElection #JungWonoh #OhSehoon #DemocraticPartyOfKorea #PeoplePowerParty #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=123714AMD shares climbed 4.02% to $542.52 as CFO Jean Hu highlighted surging demand for high-performance CPUs driven by agentic AI deployment, with the company projecting 70% year-over-year revenue growth in Q2 and planning to launch its MI450 GPU in the second half, positioning the chipmaker as a potential $1 trillion market cap candidate.
#YonhapInfomax #AMD #AgenticAI #CPUDemand #MI450GPU #RevenueGrowth #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=123713
AMD Shares Rise on Expectations of Agentic AI-Driven Revenue Growth
AMD shares climbed 4.02% to $542.52 as CFO Jean Hu highlighted surging demand for high-performance CPUs driven by agentic AI deployment, with the company projecting 70% year-over-year revenue growth in Q2 and planning to launch its MI450 GPU in the second half, positioning the chipmaker as a potential $1 trillion market cap candidate.
South Korea's bond market watches foreign investors' record buying spree of treasury futures amid growing expectations for back-to-back rate hikes, as inflation breaches 3% defense line and market prices in aggressive monetary tightening scenario ahead of August policy meeting.
#YonhapInfomax #BackToBackRateHikes #ForeignInvestors #TreasuryBondFutures #InflationExpectations #BankOfKorea #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=123705
WTI Retreats After Breaking Through $96 - Down 0.24% to $95.79
WTI crude oil prices pull back after briefly surpassing $96 per barrel, settling at $95.79 with a modest 0.24% decline in latest trading session
Hyundai Home Shopping expands warehouse automation with robotic arms and singulators at Hwaseong facility, boosting hourly processing capacity to 4,000 units and reducing shipping time by 20% to strengthen logistics competitiveness in broadcast-driven e-commerce market.
#YonhapInfomax #HyundaiHomeShopping #WarehouseAutomation #LogisticsCompetitiveness #RoboticArms #ProcessingCapacity #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=123702
Hyundai Home Shopping Expands Warehouse Automation to Boost Logistics Competitiveness
Hyundai Home Shopping expands warehouse automation with robotic arms and singulators at Hwaseong facility, boosting hourly processing capacity to 4,000 units and reducing shipping time by 20% to strengthen logistics competitiveness in broadcast-driven e-commerce market.
South Korean markets show mixed performance with KOSPI gaining 13.11 points to 8,801.49 while KOSDAQ falls 24 points, as won weakens against dollar amid global market volatility and rising oil prices
#YonhapInfomax #KOSPI #USDKRW #BankOfKorea #BondAuction #MarketTrends #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=123700
[Today's Bond and Foreign Exchange Memo](June 4)
South Korean markets show mixed performance with KOSPI gaining 13.11 points to 8,801.49 while KOSDAQ falls 24 points, as won weakens against dollar amid global market volatility and rising oil prices
SK Telecom joins Anthropic's Project Glasswing security framework, securing early access to Claude Mythos AI model to strengthen preemptive defense capabilities for telecommunications and AI infrastructure serving tens of millions of South Korean users amid growing cybersecurity concerns.
#YonhapInfomax #SKTelecom #Anthropic #ProjectGlasswing #ClaudeMythos #CybersecurityInfrastructure #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=123699Dallas Fed President Lorie Logan warns current monetary policy may be neutral or slightly accommodative rather than restrictive, signaling potential need for rate hikes later this year as PCE inflation approaches 4% and concerns mount over price stability entrenchment above the Fed's 2% target
#YonhapInfomax #LorieLogan #MonetaryPolicy #InterestRates #PCEInflation #FederalReserve #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=123694
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