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KOSPI24 Jun 2026 · 📤 Posted 07:50

KOSPI plunges 7.24% to 8,454 as AI chip sell-off drags Asian markets lower

South Korea's KOSPI plunged 7.24% from 9,114.55 to close at 8,454.32 as investors dumped semiconductor stocks, especially SK Hynix — a leading AI memory supplier. The KOSPI sell-off spilled into Hong Kong's Hang Seng (HSI -2.46%) and Shanghai Composite (-1.37%), while US tech took a hit: Nasdaq -3.51% and S&P 500 -1.80%. The US Dollar Index (DXY) climbed 0.39% to 101.41, its highest level since mid-May 2026, adding further pressure on Asian currencies.

📅 Source: 23 Jun 2026 · 17:00 (EDT)
Gold24 Jun 2026 · 📤 Posted 07:50

Gold drops for 3rd straight session — spot hits $4,096 as dollar climbs to 13-month high

Gold spot (XAU/USD) dropped to $4,096.30/oz, while COMEX futures (GC=F) fell 1.66% from $4,181.90 to $4,112.60, marking a third straight session of declines. The selling was driven by the US Dollar Index (DXY) climbing 0.39% to 101.41, its highest level in 13 months. Silver plunged 6.0% from $65.53 to $61.59, and platinum slipped 1.46% to $1,646. Deutsche Bank warned gold could fall as low as $3,800 if the dollar's strength continues.

📅 Source: 23 Jun 2026 · 17:56 (EDT)
Crude Oil24 Jun 2026 · 📤 Posted 07:50

WTI drops 2.67% to $72.82 — Brent closes at lowest since war began

WTI crude (CL=F) fell 2.67% from $74.82 to $72.82 per barrel, while Brent closed at its lowest level since the Iran war began. The decline follows US-Iran talks on administering the Strait of Hormuz and navigation fees. Rystad Energy projects that lifting Iran sanctions could add 1.5 million barrels/day to global supply immediately, with Iran capable of producing up to 3.7 million b/d at full capacity — forcing OPEC+ back into supply-cut mode. Oil prices could drop to $70 per barrel.

📅 Source: 23 Jun 2026 · 17:25 (EDT)
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