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South Korean Stock Market Surges 7% Amid Positive Inflation Data and Strong Bank Earnings

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Calcalist · 6 hours ago

What happened

South Korea's stock market surged nearly 7% led by chipmakers amid positive U.S. inflation data and strong bank earnings. U.S. markets and Asian indexes rose despite rising oil prices from Middle East tensions. The Fed signaled commitment to fighting inflation but geopolitical risks keep rate hikes possible.

01South Korea's stock market jumps nearly 7%, led by SK Hynix and Samsung.
02U.S. June CPI fell 0.4%, cooling annual inflation to 3.5%, easing Fed rate hike fears.
03Major U.S. banks' profits rose 39% year-over-year, driven by trading revenue growth.
04Oil prices rose after U.S. strikes in Strait of Hormuz but stabilized after tariff retraction.
05Fed Chair Warsh stressed zero tolerance for inflation amid geopolitical risks.
06Goldman Sachs warns Middle East tensions could still prompt further Fed rate hikes.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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