Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
South Korea’s finance minister lauded the success of property laws that took effect in July last year for increasing lease contract renewals and protecting tenants.
Finance Minister and Deputy Prime Minister Hong Nam-ki said that the laws pushed the average annual lease contract renewal rate of 100 apartment complexes in Seoul from 57.2 percent to 77.7 percent
Hong was referring to the Housing Lease Protection Act and the Commercial Lease Protection Act.
An amendment on the Act on Report on Real Estate Transactions, which mandated a reporting of the rent to the authorities within 30 days of a lease being signed, took effect on June 5.
The revised laws limit the amount that landlords can increase in renewing a monthly lease or a jeonse lease by no more than 5 percent.
Additionally, tenants are given the right to extend a lease by up to two years after an initial two-year lease expires.
Landlords are given a limited range of reasons to refuse lease renewals.
Examples are when direct family members plan on residing at the property, or if the tenant violates the terms by subletting.
Hong noted that the “5 percent rule” was adopted in 8 out of 10 lease renewal contracts, and the period of average tenancy has risen from roughly 3 years to 5 years since last year, proving that the laws provided more stability for tenants.
The laws have been criticized for fueling a spike in disputes between homeowners and tenants and creating a price gap between leases that have adopted the 5 percent rule and those that have yet to, disrupting the market as a result, they added.
