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July 7 — South Korea's KOSPI closed down 395.41 points, or 4.91%, at 7,655.92, after an intraday fall of more than 8% that triggered a second market-wide circuit breaker. Japan's Nikkei 225 closed down 1,480.73 points, or 2.12%, at 68,256.96. Major K

2026-07-07

July 7 — South Korea's KOSPI closed down 395.41 points, or 4.91%, at 7,655.92, after an intraday fall of more than 8% that triggered a second market-wide circuit breaker. Japan's Nikkei 225 closed down 1,480.73 points, or 2.12%, at 68,256.96. Major Korean names: SK Hynix down about 6%, Samsung Electronics down nearly 7%.

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2026-07-08

State media reported on the 7th that President Pezeshkian left Tehran for Najaf, Iraq, to attend the funeral for Iran's late Supreme Leader Khamenei on the 8th and will hold talks with Iraqi Prime Minister Zaidi.

State media reported on the 7th that President Pezeshkian left Tehran for Najaf, Iraq, to attend the funeral for Iran's late Supreme Leader Khamenei on the 8th and will hold talks with Iraqi Prime Minister Zaidi.
2026-07-07

Analyst Emily Scarlet says Micron’s results and vendor disclosures point to a severe memory shortage that has driven prices higher, with AI data centers consuming large wafer capacity. Producing 1GB of HBM (high-bandwidth memory used in AI chips) req

Analyst Emily Scarlet says Micron’s results and vendor disclosures point to a severe memory shortage that has driven prices higher, with AI data centers consuming large wafer capacity. Producing 1GB of HBM (high-bandwidth memory used in AI chips) requires roughly three times the wafer area of standard memory, and Samsung, SK Hynix and Micron have shifted lines toward higher‑margin HBM, tightening supply of commodity DRAM. The shortage has boosted shares—Micron up about 242% year‑to‑date, SK Hynix up about 770% over 12 months. New memory capacity is unlikely to come online before 1H 2027, so Scarlet sees the supply-driven price cycle protected through 2026 and into 1H 2027. Possible window to reduce memory sector exposure is mid‑2027 to 2028; if Micron’s Idaho fab and Korea’s Yongin cluster reach volume production by late‑2027 and AI demand cools, a supply glut in 2028–29 is plausible.
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