Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
UK House Prices Hold Steady in June as Annual Growth Misses Forecasts 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
India Manufacturing PMI Slows in June as Demand Weakens Despite Lower Cost Pressures 
Gold Price Drops to Eight-Month Low as Fed Rate Hike Bets Weigh on Bullion. Source: Photo by Michael Steinberg via Pexels 
Buffett Delays Gates Foundation Donation Pending Epstein Ties Review 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Wall Street Futures Rise Ahead of JOLTS Data, Nike Earnings, and U.S.-Iran Talks 
SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook 
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
South Korea's exports rose 28.7 percent on year in the first 10 days of May to $16.1 billion from $12.5 billion a year earlier on the back of demand for chips and petroleum products.
However, the trade deficit widened over high global energy prices, customs data showed Wednesday.
According to figures from the Korea Customs Service, imports increased 34.7 percent year over year to $19.78 billion, resulting in a $3.72 billion trade imbalance over the period. According to the figures, the similar sum for last year was $2.21 billion.
South Korean benchmark Dubai crude has risen to $106.06 a barrel on average this month, up from $65.06 a year ago.
According to the data, South Korea relies on imports for the majority of its energy needs, and crude oil and gas imports increased 53.7 percent and 52.7 percent year over year in the first ten days of May, respectively.
