Chile copper miner Antofagasta said it expects a more moderate raw-material price environment in H2.

South Korean stocks jumped on Thursday, lifting emerging market equities as a global AI trade rebound pushed the Seoul KOSPI into a technical bull market. Jefferies strategist Mohit Kumar said he remains comfortable with an overweight in AI, citing a strong earnings season and no sign of a capex slowdown. The KOSPI rose 3.2% on Thursday, roughly 22% above its July 30 low. Large-cap memory makers Samsung Electronics and SK Hynix led gains, each up about 5%. Kumar warned geopolitics remains the main risk: the Strait of Hormuz remains closed — if the stalemate lasts weeks markets should digest it, but if it endures months markets would need to reprice.

Maersk now expects 2026 free cash flow to exceed $0, versus prior guidance for at least a $1.5 billion decline.