WS #7603
No genuinely new material developments in the last 30 minutes. The Iran/Hormuz crisis narrative remains dominant but unchanged, with no new statements or actions. South Korea market volatility persists without fresh triggers. China data narrative is stable. No counter-signals or de-escalation emerged. The window is characterized by noise and repetition of existing themes.
Key developments
- Trump issues 'clock is ticking' warning on Iran; talks stall
- South Korea market volatility near-record; $13B foreign outflows; Samsung jumps 5% on union talks
- China April data misses across the board; NBS downplays
- Global bond yields surge to multi-year highs; Japan leads selloff
- White House: China to buy $17B/year in US agricultural goods; new trade boards