South Korea's Kospi index is trading at its cheapest valuation on record, with a forward P/E of just 6.4, as a 170% surge in expected corporate earnings, driven by AI chip demand, outpaces share price gains.
Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, has pledged to avenge the death of his father in a U.S.-Israeli airstrike, a move that escalates regional tensions and casts doubt on a fragile truce with Washington.
South Korea has initiated nearly 24-hour trading for its currency against the U.S. dollar, a major reform aimed at improving access for foreign investors and supporting its bid for inclusion in global developed market indexes.
The Bank of Israel has lowered its key interest rate for the second consecutive time, reducing it by 25 basis points to 3.50% as policymakers seek to counter the negative impact of a strong shekel on the nation's exporters.
President Donald Trump announced an end to last month's ceasefire with Iran, injecting fresh uncertainty into the region despite an agreement to continue talks, following a week of hostilities that pushed oil prices higher.
A U.S. bankruptcy judge has ruled that California cannot pursue financial penalties against Chrome Holding Co, the successor to 23andMe, in connection with a 2023 data breach that affected 6.9 million customers. The decision is a major setback for the state's lawsuit.
The Oregon attorney general's office has pulled back a legal motion to delay the Paramount-Warner Bros. deal, accusing Paramount of non-compliance with its investigation as broader regulatory scrutiny from other states continues.
A federal judge has temporarily paused a union lawsuit challenging the Trump administration's plan for mass layoffs at the Consumer Financial Protection Bureau. The case will resume after the Senate decides on the nomination of Brian Johnson to lead the agency.
The U.S. Treasury Department has sanctioned a key financier for Iran's leadership and a network of 13 other individuals and entities, aiming to disrupt financial flows to the Iranian elite and the IRGC following renewed attacks in the Strait of Hormuz.
