The South Korea stock market has moved higher in four straight sessions, surging almost 290 points or 4.4 percent on its way to a fresh record closing high. The KOSPI now sits just above the 6,475-point plateau although investors are likely to lock in gains on Friday.
The global forecast for the Asian markets is soft on surging crude oil prices that correspond with tensions in the Middle East. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to open lower.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.