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Korean stocks fall into a bear market; Goldman Sachs advises clients to "shift to China’s AI industry chain."

Korean stocks fall into a bear market; Goldman Sachs advises clients to "shift to China’s AI industry chain."

``` Funds that have been betting on the Korean AI market for half a year may be retreating on a large scale. On July 9, Korea's Seoul Composite Stock Price Index (Kospi) fell 5.4% in a single day, with a cumulative pullback of about 20% from last month’

Brent crude rises over 7%! U.S. EIA crude oil inventory unexpectedly increased by 3 million barrels last week.

Brent crude rises over 7%! U.S. EIA crude oil inventory unexpectedly increased by 3 million barrels last week.

``` U.S. Energy Information Administration (EIA): U.S. EIA crude oil inventories increased by 3 million barrels last week. Bloomberg users expected a decrease of 1 million barrels, analysts expected a decrease of 1.86775 million barrels. The previous week saw a decrease of 3.775 million barrels. Oil inventories

U.S. real interest rates rise to highest in over a year! AI investment supports economic resilience, oil price surge reignites rate hike expectations.

U.S. real interest rates rise to highest in over a year! AI investment supports economic resilience, oil price surge reignites rate hike expectations.

``` The US inflation-adjusted Treasury yields have risen to their highest level in over a year, as the dual factors of rising oil prices and a still robust economy have once again sparked speculation in the market that the Federal Reserve may begin raising interest rates in the coming months. The

U.S. consumer credit unexpectedly shrank, with credit card lending posting the largest decline since 2024.

U.S. consumer credit unexpectedly shrank, with credit card lending posting the largest decline since 2024.

``` US consumer lending unexpectedly declined, marking the first drop since 2024, mainly dragged down by a decrease in revolving credit. Data released by the Federal Reserve on Wednesday showed that consumer credit balances decreased by about $182 million in May, following significant increases in the previous two months. The median

SK Hynix's US IPO receives seven times oversubscription, aiming for the second highest fundraising amount in history.

SK Hynix's US IPO receives seven times oversubscription, aiming for the second highest fundraising amount in history.

``` SK Hynix's listing plan in the US has received a strong market response. Even though its stock price has been under pressure recently, institutional investors remain highly enthusiastic. On July 8, according to Bloomberg citing insiders, the subscription multiple for SK Hynix's American Depositary Receipts (ADR)

Afraid of missing out on the OpenAI IPO? Bank of America makes a major shift, offering it a $520 million credit line.

Afraid of missing out on the OpenAI IPO? Bank of America makes a major shift, offering it a $520 million credit line.

``` The 180-degree shift in Bank of America's attitude toward OpenAI reflects the increasingly irresistible lure of profits facing Wall Street in the AI boom. According to Bloomberg, citing insiders, Bank of America recently provided OpenAI with a $520 million credit line, after previously rejecting the AI giant'

Federal Reserve Chair Waller will attend a Senate Banking Committee hearing on July 15.

Federal Reserve Chair Waller will attend a Senate Banking Committee hearing on July 15.

Federal Reserve Chairman Kevin Warsh will attend hearings of the House Financial Services Committee and the Senate Banking Committee on July 14 and 15, respectively, to testify before Congress on the semiannual monetary policy report. This will be Warsh’s first appearance at a congressional monetary policy hearing since taking