Finance

Newly appointed Fed Chair Kevin Warsh oversaw a split in projections during recent sessions, with exactly half of the policymakers expecting further rate hikes by late 2026. The benchmark funds rate currently remains in a stable target range between 3.5% and 3.75%, though market participants are closely weighing the potential for a September increase.

The technology sector is focused on the massive $26.5 billion U.S. share offering by SK Hynix, representing the largest foreign company listing in U.S. history. This debut, alongside aggressive AI model launches from major firms like Meta, continues to drive intense concentration and momentum within the global semiconductor supply chain.

West Texas Intermediate crude futures hovered around $72 per barrel as traders monitored escalated hostilities between the U.S. and Iran. Despite the conflict, energy prices eased from previous peaks earlier in the week as markets largely absorbed the impact of disrupted traffic through the Strait of Hormuz.