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Brent crude plunged 6.00% intraday to $82.98 a barrel.

2026-08-03

Brent crude plunged 6.00% intraday to $82.98 a barrel.

Other News
2026-08-02

The PBOC held its H2 2026 work meeting, saying high-level financial opening is progressing steadily. It will optimize rules for corporate outbound lending, banks' overseas loans and cross-border RMB interbank financing. The central bank plans to intr

The PBOC held its H2 2026 work meeting, saying high-level financial opening is progressing steadily. It will optimize rules for corporate outbound lending, banks' overseas loans and cross-border RMB interbank financing. The central bank plans to introduce an offshore central-bank repo tool to support liquidity management. Authorities will facilitate panda-bond issuance by international high-quality issuers; panda bonds issuance exceeded 160bn yuan in H1. Construction of the cross-border RMB payment system has advanced. The meeting reaffirmed support for Shanghai and Hong Kong as international financial centers and for infrastructure projects including Xiong’an New Area and the western land-sea new corridor. It will deepen foreign-exchange facilitation reforms, expand high-level cross-border trade opening pilots, and improve corporate FX risk-management services.
2026-08-03

KOSPI volatility since July has sharply depleted investor cash held at brokerages, shrinking a key liquidity pool, the Korean Financial Investment Association (KOFIA) said. Average daily investor deposits fell by nearly 20 tln won month‑on‑month last

KOSPI volatility since July has sharply depleted investor cash held at brokerages, shrinking a key liquidity pool, the Korean Financial Investment Association (KOFIA) said. Average daily investor deposits fell by nearly 20 tln won month‑on‑month last month and are about 10 tln won lower than in March, when a US‑Iran military clash triggered a market correction. Deposits stood at 104.6584 tln won as of the 30th of last month (the day KOSPI hit a local low), down from a record 139.6948 tln won on June 4 — a drop of more than 35 tln won in roughly two months. Investor deposits are funds in securities accounts used to buy stocks; the decline reduces potential buying power and weakens market supply‑demand momentum.
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