Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Gold Prices Hold Near Seven-Week High as Markets Await U.S. Inflation Data 
Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Wall Street Slips as Oil Prices Surge 5% on Iran-Hormuz Uncertainty 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
Asian Stocks Rise as Weak US Jobs Data Eases Fed Rate Hike Fears 
South Korean Won Leads Asian FX Losses as Dollar Rises 
Australia Sets New Minimum Pay, Insurance Rules for Gig Workers 
Gold Prices Rise as Fed Rate Hike Bets Ease 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
S&P 500, Nasdaq Futures Rise as Iran Risks and CPI Loom 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
ADNOC Gas Targets Up to $4B Profit in 2026 
The Ministry of Land, Infrastructure and Transport of South Korea revealed that seven leading vehicle brands recall a combined number of 29,092 units of vehicles due to faulty parts. It was reported that about 26 different vehicle models were involved in the latest recall.
As announced by South Korea's MOLIT late last week, Audi Volkswagen Korea, BMW Korea, Tesla Korea, Stellantis Korea, Hyundai Motor Co., Honda Motor Co., and MAN Truck & Bus Korea have voluntarily recalled over 29,000 units of vehicles to fix the defective parts. It was noted that this is the latest batch of recalls for car companies that are operating in the country.
According to Yonhap News Agency, the seven automakers named in the recall announcement have various issues with the vehicle units, including software of the engine, defective hood latch, and faulty central gateway control.
To be more exact, Honda's Pilot SUV has been mentioned to have a problem with the hood latch, while Audi Volkswagen Korea's Q5 45 TFSI Quattro SUV has issues with the central gateway control unit. The software problem in the engine's control unit has been cited in the recall for the Jeep Grand Cherokee which is owned by Stellantis.
The country's transport ministry stated that owners of the affected model units from the mentioned vehicle brands could contact service centers or authorized repair shops to have their cars repaired. They can also visit the centers starting this Thursday, and all the works, including necessary parts replacement, will be free of charge.
Pulse News reported that Stellantis Korea had issued a recall for 9,052 cars, and five models are affected. The issue is that the warning light does not work, so even if the engine oil level is low, it does not turn on. It was explained that this was because of a software error in the engine control unit.
For Audi Volkswagen Korea, 4,301 vehicles are affected and eight models of the brand are involved. The issue is the water ingress from an insufficient body seam under the vehicle.
BMW Korea recalls 7,547 vehicles, and eight models, including BMW X6 xDrive40, were discovered to have faulty front grill lamps. It was said that this part failed to meet the legal lighting standard for autos.
Finally, Honda Korea recalled 4,532 Honda Pilots for hood latch issues, Hyundai Motor recalls 1,925 units of two of its car models, 1,542 units of Tesla Korea's Model S are recalled, and 194 units of Man Truck and Bus Korea.
