{"id":432742,"date":"2026-06-26T10:37:05","date_gmt":"2026-06-26T03:37:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-fx-news-wrap-bleak-friday-for-asian-equites-korea-down-8-432742\/"},"modified":"2026-06-26T10:37:05","modified_gmt":"2026-06-26T03:37:05","slug":"investinglive-asia-pacific-fx-news-wrap-bleak-friday-for-asian-equites-korea-down-8","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-fx-news-wrap-bleak-friday-for-asian-equites-korea-down-8-432742\/","title":{"rendered":"investingLive Asia-Pacific FX news wrap: Bleak Friday for Asian equites, Korea down 8%"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/tokyo-shares-down-4-south-korea-down-6-fingers-pointing-at-openai-ipo-delay-20260626\/\">Tokyo shares down ~4%, South Korea down ~6%. Fingers pointing at OpenAI IPO delay<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/ubs-targets-5200oz-gold-sees-current-dip-as-buying-opportunity-20260626\/\">UBS targets $5,200\/oz gold , sees current dip as buying opportunity<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/tokyo-core-core-cpi-hits-19-as-middle-east-price-pressures-spread-beyond-energy-20260626\/\">Tokyo core-core CPI hits 1.9% as Middle East price pressures spread beyond energy<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/pboc-sets-usd-cny-reference-rate-for-today-at-68166-vs-estimate-at-68015-20260626\/\">PBOC sets USD\/ CNY reference rate for today at 6.8166 (vs. estimate at 6.8015)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/iraq-opec-exit-threat-puts-50-oil-in-play-as-gulf-cartel-frays-20260626\/\">Iraq OPEC exit threat puts $50 oil in play as Gulf cartel frays<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/reserve-bank-of-australia-rba-governor-michele-bullock-will-be-speaking-over-the-weekend-20260626\/\">Reserve Bank of Australia (RBA) Governor Michele Bullock will be speaking over the weekend<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/kospi-in-focus-as-samsung-plans-648-bln-domestic-push-and-south-korea-caps-fuel-prices-20260625\/\">KOSPI in focus as Samsung plans 648 bln domestic push and South Korea caps fuel prices<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/japan-tokyo-headline-cpi-17-yy-expected-17-prior-14-core-16-16-13-20260625\/\">Japan &#8211; Tokyo headline CPI 1.7% y\/y (expected 1.7%, prior 1.4%). Core 1.6% (1.6%, 1.3%)<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/goolsbee-flags-labour-market-and-warns-fed-credibility-at-risk-from-bad-guidance-20260625\/\">Goolsbee flags labour market and warns Fed credibility at risk from bad guidance<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/polestar-shut-out-of-us-market-from-2027-as-china-tech-ban-claims-geely-linked-brand-20260625\/\">Polestar shut out of US market from 2027 as China tech ban claims Geely-linked brand<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/boj-front-loading-now-in-play-as-ai-demand-and-inflation-risks-build-20260625\/\">BOJ front-loading now in play as AI demand and inflation risks build<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/wsj-polymarket-paid-creators-to-fake-trades-and-wins-in-covert-us-social-media-campaign-20260625\/\">WSJ: Polymarket paid creators to fake trades and wins in covert US social media campaign<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/icymi-iran-fires-on-cargo-ship-in-hormuz-strait-un-halts-evacuation-as-oil-price-bounce-20260625\/\">ICYMI: Iran fires on cargo ship in Hormuz strait, UN halts evacuation as oil price bounce<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/icymi-ny-fed-williams-delays-2-inflation-target-to-2028-sees-policy-well-positioned-20260625\/\">ICYMI: NY Fed Williams delays 2% inflation target to 2028, sees policy well positioned<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/new-york-times-says-openai-leans-toward-waiting-until-next-year-for-ipo-20260625\/\">New York Times says &#8216;OpenAI leans toward waiting until next year for IPO&#8217;<\/a><\/li>\n<\/ul>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Summary:<\/p>\n<ul class=\"[li_&amp;]:mb-0 [li_&amp;]:mt-1 [li_&amp;]:gap-1 [&amp;:not(:last-child)_ul]:pb-1 [&amp;:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3\">\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Asian equities are getting hammered after the New York Times reported OpenAI is leaning toward delaying its IPO until 2026, triggering a broad tech selloff across the region<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">The Nikkei is down around 4.5% with SoftBank falling 12% or more, as CEO Masayoshi Son&#8217;s heavily publicised bet on OpenAI comes under pressure<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">The KOSPI dropped as much as 8%, prompting Korea Exchange to activate a sidecar on KOSPI 200 futures and then call a further 20-minute trading halt after the index extended losses<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Hong Kong&#8217;s Hang Seng and Shanghai Composite are each down more than 2% on heavy tech selling<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">US index futures are being pulled lower, with the Emini S&amp;P 500 off 0.7% and the Emini Nasdaq 100 down 1.5%<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Oil is higher after Thursday reports of a cargo ship struck by a projectile off Oman, though Saudi Aramco&#8217;s resumption of crude loading at Ras Tanura after a near four-month halt is a countervailing supply signal<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">The US dollar is modestly stronger across the board; AUD and NZD are bearing the brunt of the risk-off move; gold and silver are lower<\/li>\n<li class=\"font-claude-response-body whitespace-normal break-words pl-2\">Chicago Fed&#8217;s Goolsbee repeated that core inflation remains too high and said services inflation is a little more disturbing<\/li>\n<\/ul>\n<p class=\"font-claude-response-body break-words whitespace-normal\">\nAsian equity markets are in full retreat on Friday, with a late New York Times report that OpenAI is leaning toward pushing its IPO to next year landing like a grenade across a region already on edge from geopolitical uncertainty and elevated valuations.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">The Nikkei is bearing some of the sharpest pain, down around 4.5% and dragged lower by SoftBank, which has fallen 12% or more as markets reassess the timeline and terms of a listing that CEO Masayoshi Son had placed at the centre of his AI investment thesis. The OpenAI delay story is doing real damage to any stock with a direct line to that narrative.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">South Korea is worse. The KOSPI dropped around 6% at one stage before extending to an 8% decline, triggering a Korea Exchange sidecar on KOSPI 200 futures after they fell 5%, followed by a further 20-minute trading halt as the index kept sliding. It is, by any measure, a rout. Hong Kong&#8217;s Hang Seng and the Shanghai Composite are each down more than 2%, with heavy tech selling the common thread.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">US futures are not being spared. The Emini S&amp;P 500 is down 0.7% and the Emini Nasdaq 100 is off 1.5%, with the tech rotation that began on Wall Street resuming with force through the Asian session.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">In oil, prices are higher after reports of a cargo ship struck by a projectile off Oman, keeping Hormuz anxiety alive. Saudi Aramco&#8217;s resumption of crude loading at Ras Tanura after a near four-month halt is the constructive counterpoint, with two VLCCs seen loading and a third waiting nearby. The dollar is edging higher across the majors, with the AUD and NZD taking the hardest hit in FX as commodity prices and risk appetite slide together. Gold and silver are lower. Fed&#8217;s Goolsbee, speaking earlier in the US session, said core inflation is still too high, trending the wrong way, and described services inflation as a little more disturbing.<\/p>\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tokyo shares down ~4%, South Korea down ~6%. Fingers pointing at OpenAI IPO delay UBS targets $5,200\/oz gold , sees current dip as buying opportunity Tokyo core-core CPI hits 1.9% as Middle&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432742","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432742"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432742\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}