Yonhap Infomax is a financial news and data providing company based in Korea. It is a subsidiary of Yonhap News Agency, a nation-wide news wholesale company, representing for Korea.
WTI crude oil prices plunged 7.87% to $91.28 per barrel as expectations grew for a second round of US-Iran negotiations, potentially in Pakistan within two days.
Dollar-won exchange rate fell to 1,472.70 won as US-Iran peace talks expected to resume. National Pension Service increased currency hedging ratio to 15%, supporting won strength despite geopolitical uncertainties.
The USD-KRW exchange rate fell 8.10 won to 1,481.20 won on expectations of a ceasefire agreement between the US and Iran, with foreign investors buying 830 billion won in stocks.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.