China Resources New Energy is set to raise about RMB24.5B, roughly $3.6B, in Shenzhen after pricing at RMB10.11 a share. The online retail tranche was oversubscribed 683 times, according to Chinese market disclosures cited by FT.
About 16 million barrels of oil moved through the Strait of Hormuz in one day, according to Vice President JD Vance, even as Iran said the route was closed again. The dispute puts a 60-day U.S.-Iran negotiating window back at the center of oil-supply risk.
USD/JPY reached 161.80 on June 19, according to CNBC, marking the yen’s weakest level since July 2024 and putting intervention risk back on traders’ screens after the Bank of Japan’s rate move.
The Bank of England held Bank Rate at 3.75% in a 7-2 vote, with Megan Greene and Huw Pill backing a 25 bp hike to 4%. The June minutes point to 2.8% CPI, tighter financial conditions and energy-price volatility as the policy trade-off.
The Bank of Japan raised its money-market guideline to around 1.0%, a 25 bp move from 0.75%, with a 7-1 Policy Board vote. The statement tied the move to faster crude-oil pass-through, rising medium- to long-term inflation expectations and still-negative real rates.
WTI crude settled 3.2% lower at $84.88 and Brent lost 3.4% to $87.33 after a senior Trump administration official put the odds of a U.S.-Iran Hormuz reopening agreement at 80%.
U.S. producer prices rose 1.1% in May, above the 0.7% Dow Jones consensus cited by CNBC. The surprise puts energy-sensitive inflation back in focus for Fed pricing and Treasury-market positioning.
Bank Indonesia raised the BI-Rate by 25 bps to 5.50%, with the Deposit Facility at 4.50% and Lending Facility at 6.25%. The off-cycle move followed rupiah weakness and foreign portfolio outflows.
KOSPI ended June 5 down 5.54% at 8,160.59, while Samsung Electronics (005930.KS) fell 6.40% and SK Hynix (000660.KS) dropped 9.92%, according to CNBC market data. The move followed a Wall Street rotation out of AI-linked semiconductor shares.
May nonfarm payrolls rose 172,000, more than double the 80,000 Dow Jones consensus, while unemployment held at 4.3%. CNBC, citing the Bureau of Labor Statistics report, said Treasury yields moved sharply higher as the labor surprise reduced near-term Fed-cut odds.
Bitcoin fell to $61,300 over June 3-4, triggering ~$3 billion in crypto derivatives liquidations across two sessions, with 266,158 traders forcibly liquidated in the worst 24 hours. Catalysts: spot ETF net outflows exceeding $2B over two weeks, Strategy's first BTC sale in nearly four years, and Middle East tensions. Total crypto market cap shed $190B in June.
Foreign investors sold a net KRW 6.95 trillion ($4.5B) on KOSPI June 4 — the second-largest daily foreign net sell on record — as KRW/USD breached 1,530 won for the first time since the global financial crisis. KOSPI fell 1.84% to 8,639.41; KOSDAQ rose 2.31%. Foreigners have net-sold for 19 consecutive sessions (~KRW 66T total).